Wall Street'S Ten Big News This Week: Technology Stocks Tumbled In The US Stock Market.

Beijing time November 13th morning, this week,

1. after CISCO's quarterly report was released on Wednesday, the company's share price fell 16% on Thursday.

In addition, the collapse of CISCO stock not only affected one of its companies, but also led the sharp drop of the NASDAQ index.

2. China's stock market plunged sharply on Friday as the market expressed concern about the investment prospects of a more aggressive fiscal tightening policy implemented by the central bank in order to curb inflation.

In addition, the debt crisis in Ireland and Europe also spread to China.

On Thursday, China's consumer price index, which was released in October, rose by 4.4%.

3. this week, gold prices and silver prices began to gradually explore from a historical high.

According to the analysis, due to the continuous spread of the new debt crisis in Europe and the impact of China's fiscal tightening policy, the US dollar trend remains stable.

Compared with last week's closing, gold prices fell 2.6% this week to 1365 US dollars per ounce, and silver prices fell to 25.94 US dollars, or 2.4%.

4. because the Irish government has not made any substantive moves to alleviate the credit crisis brought about by the debt crisis, investors are worried about the possibility that Ireland will default on its sovereign debt.

It is reported that the Irish government is developing a plan to reduce the expenditure of 15 billion euros (US $20 billion 100 million).

In addition, after three consecutive weeks of decline, many Irish Bank shares, including Allied Irish Banks and Bank of Ireland this week, have bottomed out.

5. in terms of corporate mergers and acquisitions, Chevron Co announced this week that it would buy Atlas Energy at a price of $4 billion 300 million, including debt relief.

It is reported that the offer was made at a price of $43.34 per share, which is 37% higher than the closing price of the company in November 8th.

{page_break}

6. Disney's fourth quarter financial report was released on Thursday afternoon.

Although the company's first quarter sales and profits declined for the first time, the company's stock price remained strong, closing to Friday's close, the company's share price rose more than 5% this week.

7. according to the eleventh chapter of the bankruptcy law of the United States, Ambac Financial Group announced this week that it formally filed for bankruptcy in the bankruptcy court of the southern part of New York.

It is learnt that under the provisions of the US bankruptcy law, the company will continue to deal with the daily affairs, including the reception of debtors, under the supervision of the bankruptcy court.

8. on Friday, Intel -T significantly raised its quarterly dividend from 15.75 cents per share to 18 cents per share, an increase of 15%.

Intel's stock price closed at $21.53 per share on Friday, and the dividend yield rose from 2.97% to 3.34%.

9. as the Campbell Soup Company expects sales in the first quarter of 2011 to fall by 1%, pre tax profits and earnings per share decline by 7% and 6% respectively, the company's share price fell more than 3% on Wednesday.

In addition, the company also expects net sales growth of 1 to 3 percentage points in 2011. Compared with 2010, pre tax profit and earnings per share will increase by 2 to 4 percentage points, that is, earnings per share of $2.47, while Wall Street expects earnings of $2.64 per share.

10. the US Online Travel Corporation Priceline.com released its third quarter earnings this week, better than expected, and its shares rose more than 8% on Tuesday.

It is reported that the company's quarterly earnings per share were $5.33, higher than analysts' previous estimate of $4.97 per share, and quarterly earnings of $1 billion, compared with the previous estimate of $973 million 630 thousand.

In addition, the company expects earnings per share in October to be between $2.91 and $3.06 in the fourth quarter.