Dollar Exchange Rate Strengthened &Nbsp; &Nbsp; Monday Road Index Low 0.33%
As of 4:00 pm Eastern time, Dow Jones industrial average Down 37.24 points. Decline From 0.33% to 11406.84, the Nasdaq composite index rose 1.07 points, or 0.04%, to 2580.05 points; the standard & Poor's 500 index fell 2.60 points, or 0.21%, to 1223.25 points.
US dollar exchange rate On Monday, road strength is 0.33% lower.
After the rally last week, the dollar's exchange rate has been relatively strong since the debt crisis in Europe has dragged down the euro. On Monday, the US stock market has fallen from its high level for more than two years, and the three major indexes have gone down and closed. The Dow has finally fallen 37.24 points, or 0.33%, and the NASDAQ has risen 1.07 points, or 0.04%.
On the disk side, energy and raw materials sector led, public utilities led the decline. In terms of stocks, travelers fell 1.5%, Boeing fell 1.49%, home depot fell 1.35%, Bank of America rose 1.94%, HP rose 1.21%, Goldman Sachs fell 1.09%, JP Morgan fell 1.05%, Citigroup fell 1.16%, Intel -T fell 0.05%, Oracle Bone dropped 1.49%, SAP dropped 1.49%, Amazon rose, AMD rose, National Semiconductor fell, and McDonald's rose.
The European stock market was unable to continue its rally last week. On Monday, the pan European Dow Jones index closed at 271.91 points, or 0.02%, almost unchanged from its close to 52 week high 271.97 at Friday's close. The index has gained 2.2% since November.
On Monday, oil prices rose 21 cents to close at $87.06 a barrel, or 0.2%. The gold price rose 5.50 US dollars to break through the 1400 dollar mark, or 0.4%, and ended at $1403.20 an ounce, which rose to $1407.20 in intraday trading.
Due to the fermentation of Irish and Portuguese national debt issues, the debt crisis once again plagued the market, and the euro fell to 1% against the dollar on Monday at $1.3904. The US dollar index for tracking major currencies was 77.04 points, or 0.65%. {page_break}
economic data
No important economic data are released today.
Company news
Holland Royal Shell petroleum said on Monday that it had signed an agreement with UBS to sell its Australian energy company Woodside Petroleum Ltd. worth 3 billion 310 million Australian dollars (US $3 billion 340 million). The company said that after the completion of the transaction, its remaining stake in Woodside still amounted to 24.27%.
McDonald's grew 6.5% worldwide in October. Among them, American stores can grow 5.6% more than same store sales. Same store sales in Europe grew by 5.8%, while the same store sales in Asia Pacific, Middle East and Africa increased by 5.3%.
Ge recently signed a contract of 100 billion rupees (US $2 billion 200 million) with India's reliance power. The two sides will work together to build a 2400 megawatt power plant in the southern town of Samalkot, which will be operational in 2012. India Reliance Electric Power was founded by billionaire Ambani.
The SEC is conducting an investigation of Citigroup's debt fund to assess whether the bank fully discloses the risk level of the fund to investors. It is reported that Citigroup used the fund to invest in municipal bonds and mortgage bonds during the credit crisis, and the value of the fund plunged by 77%. In this regard, Citigroup denies its risk of concealment.
Qantas said recently that it would cancel all flights to its A380 airliner in the next three days, in order to give the investigation authorities more time to investigate the cause of the accident. Australian Airways's Airbus A380 has been forced to make an emergency landing in Singapore last week due to engine failure.
According to sources, AOL has hired financial advisers to explore strategic options, one of which is to merge with rival YAHOO. AOL chief executive Tim Armstrong said recently that AOL's alliance with YAHOO would benefit both companies. YAHOO's stock price has been in decline since it rejected the offer from Microsoft in 2008.
Vodafone Telecom will announce its first half financial year report tomorrow. According to Bloomberg analysts' forecast, the profit in the first half fiscal year was about 7 billion 290 million pounds ($11 billion 800 million) before tax depreciation and amortization, down 2.3% from the same period last year, while operating income increased from 21 billion 800 million pounds in the same period last year to 22 billion 400 million pounds, an increase of 2.8% over the same period last year.
Lilly pharmaceuticals agreed to acquire Avid, a privately held radioactive medicine company in Philadelphia, Pennsylvania, on Monday. Lilly will pay $300 million in advance. After that, Avid's shareholders will receive an additional payment of about $500 million.
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