2010/12/15

Late: the debt crisis put pressure on European stocks within a narrow range

U.S. stocks within a narrow range late Wednesday, the major indexes fluctuated between the small ups and downs. Although U.S. economic data improved, but progress in the euro zone debt crisis as investors worried about the new.

At 15:25 on December 15 EST, the Dow Jones industrial average rose 8.97 points to 11,485.51 points, or 0.08%; the Nasdaq composite index fell 6.16 points to 2,621.56 points, down 0.23%; the S & P 500 Index fell 3.06 points to 1,238.53 points, down 0.25%.

On Tuesday the Dow rose in September 2008 after the closing high since, on Wednesday the Dow lower. Dow component GE fell 1.5%, JP Morgan Chase (JPM) fell 1.3%, Alcoa (AA) fell 1.1%.

Wednesday night, the euro dropped to 1.3234 against the dollar. Moody's Investors Service, said the Spanish government bonds or the rating will be lowered, Standard & Poor's rating agencies will also be Belgium's debt rating outlook from "stable," citing "not optimistic."

While U.S. economic data today, good, but Moody's and Standard & Poor's warned that the eurozone increased worries about the debt crisis. U.S. economic data on Wednesday showed the New York area manufacturing activity index rebounded in November, after shrinking, the U.S. industrial output fell in November after a slight increase in capacity utilization also rebounded.

Institutional investors, said Peter Chase Investment Counsel - Tuz (Peter Tuz) said, "In the past few weeks, as economic data showed the U.S. economy is steadily recovering, the U.S. market and economic dimensions of performance are quite good. But Europe is not the case. We U.S. economy improves, and the EU's economy pales, especially those who suffer from the debt crisis of the EU countries hit hardest. "

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