At 11:35 on November 22 EST, the Dow Jones Industrial Average fell 84.19 points to 11,119.36 points, down 0.75%; the Nasdaq composite index fell 1.58 points to 2,516.54 points, down 0.06%; the S & P 500 Index fell 7.63 points to 1,192.10 points, down 0.64%.
Dow component DuPont (DD) dropped 1.6%, Intel (INTC) fell 0.3%, Chevron (CVX) fell 1.4%.
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. In its competitors, Cisco (CSCO) released earlier this month after a cautious outlook, analysts will be closely watching the company's newly appointed CEO Leo Apotheker's speech on the prospects for the company.
The general decline in energy and raw materials sector.
Although Ireland has been reached to provide financial assistance to international agreements, but investors still on the whole 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 the EU official on Sunday night the International Monetary Fund (IMF), billions of euros of aid applications. EU and IMF officials said the release of relief funds will depend on the progress of the Irish Government to take measures on debt restructuring, progress in negotiations to reduce budget deficits.Official for help in Ireland after the announcement, the euro exchange rate was rising.
But the gains narrowed the current euro exchange rate, the current newspaper 1.3638 against the U.S. dollar, the Irish had the minority party in the coalition government, the Green Party in January 2011 called for early general elections in late. Green Party on the recommendations of an early election, so that investors will be suspicious of the move on what impact the rescue plan.
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