2010/11/22

Morning: U.S. stocks ended mixed Irish official for help

U.S. stocks were mixed Monday morning. Investors doubt whether the resumption of international assistance to the Irish program when the financial stability in the euro area, Ireland on the issue of new political debate, increasing fears that sentiment.
At 10:23 on November 22 EST, the Dow Jones Industrial Average fell 49.38 points to 11,154.17 points, down 0.44%; the Nasdaq composite index rose 6.21 points to 2,524.33 points, or 0.25%; the S & P 500 Index fell 4.05 points to 1,195.68 points, down 0.34%.
Dow component DuPont (DD) dropped 1.7%, Intel (INTC) fell 0.5%, Chevron (CVX) fell 1%.
Dow component Hewlett-Packard (HPQ) company contrarian up.The company will report earnings after the bell. The average estimate of fourth-quarter earnings of up to $ 1.27 per share, on revenue up 32.7 billion. Analysts will be closely watching the company's newly appointed CEO Leo Apotheker's speech.
The general decline in energy and raw materials sector.
While providing financial assistance to the Irish international agreement has been reached, but investors still worried investors still on the level of government debt in euro-zone countries are worried. Currently the provision of financial loans to the size of Ireland is still unknown. The new political uncertainty concerns the market sentiment increased.
Irish debt to its European partners on Sunday night formally to the European Union and International Monetary Fund (IMF), billions of euros of aid applications. EU and IMF officials said the release of the progress of the rescue funds will depend on the Irish Government to take measures to restructure debt, budget deficit reduction progress of the talks. Official for help in Ireland after the announcement, the euro exchange rate was rising.


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On fears the euro zone,US stocks ended down 0.22%