2010/11/24

Open: Korean Conflict To Wall Street the Dow fell 110 points lower

By the Korean conflict, U.S. stocks fell sharply on Tuesday, the Dow fell over 110 points. U.S. third quarter GDP results of the second amended slightly better than market expectations, but South Korea and the Korean conflict between small-scale investors nervous.

At 09:35 on November 23 EST, the Dow Jones Industrial Average fell 114.06 points to 11,064.52 points, down 1.02%; the Nasdaq composite index fell 25.25 points to 2,506.77 points, down 1.00%; the S & P 500 Index fell 13.58 points to 1,184.26 points, down 1.13%.

About geopolitical risk is a major force in the market on Tuesday. Line in the disputed territory of Western military near the line, North Korea, an island shelling, killing two South Korean navy fire deaths and a number of buildings.

South Korean troops to fight back immediately. According to military officials said the shelling has at least 16 people were injured, including three civilians. The island's 1,200 residents hurried into the bunker during the conflict. The conflict has also tumbled in Asia and European markets, but the formation of support for the dollar.

On the data front, the U.S. third quarter GDP growth rate of slightly better than the previous estimate. Corporate profits have increased, but the increase was not enough to reduce unemployment.

Commerce Department reports third-quarter U.S. GDP growth of 2.5%, slightly higher than previously forecast growth of 2.0%. Economists surveyed by Dow Jones Newswires had expected third-quarter GDP revised up 2.4%.

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