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    European Debt Shadow Shrouded Market &Nbsp; &Nbsp; Monday Dow Down 0.22%.

    2010/11/23 9:51:00 42

    European Debt Shadow Dow Jones Industrial Average Decline


    As of 4:00 pm Eastern time,

    Dow Jones industrial average

    Down 24.97 points.

    Decline

    From 0.22% to 11178.58, the Nasdaq composite index rose 13.90 points, or 0.55%, to 2532.02 points; the standard & Poor's 500 index fell 1.89 points, or 0.16%, to 1197.84 points.


     

     

    European debt shadow

    In the market, the Dow index closed down 0.22% on Monday.


    Although Ireland has announced that it will accept 100 billion euros of assistance from the European Union and IMF, the shadow of the European debt crisis is still hanging over the market. Investors are worried that the fragile financial system will drag down the economic recovery. The US government's push for the insider trading of the fund will push us stocks lower and lower on Monday, closing down and closing at the same time. The Dow ended down 24.97 points, or 0.22%, and the NASDAQ gained 13.90 points.


    On the disk side, pport and production data plate led, technology and raw materials sector led.

    In terms of stocks, Bank of America fell 3.09%, JP Morgan fell 2.28%, General Electric fell 1.17%, HP rose 1.79%, Merck pharmaceuticals rose 0.74%, Goldman Sachs fell 3.37%, Wells Fargo Bank fell 1.96%, Morgan Stanley fell 2.19%, WAL-MART fell 0.02%, Amazon climbed 3.38%, Apple Rose 2.16%, Tyson food rose, Novell rose, Netflix rose, and General Motors fell.


    Ireland's debt crisis improved once stimulated Europe's stock higher but not sustained. Pan European Dow Jones index closed down 267.74 points on Monday, or 0.65%.

    The index rose to 271.68 points in the session.


    Monday's decline in US stocks and stronger US dollar pushed oil prices down 24 cents to $81.74 a barrel, or 0.3%.

    Gold prices rose 5.50 US dollars to 1357.80 US dollars per ounce, or 0.4%.


    Ireland's formal application for aid has prompted investors to worry about the spread of the debt crisis to other EU countries, and the euro is under pressure.

    At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 78.66 points, or 0.20%.

    The euro fell to 0.42% against the dollar on Monday at $1.3615, and the pound fell to 0.17% against the US dollar at $1.5947, while the Australian dollar closed at 0.11% cents against the US dollar, while the US dollar fell to 83.28 yen, or 0.26%, against the Japanese yen.


    Economic data


    No important economic data are released today.


    Company news


    The British Rolls-Royce group said on Monday that it has obtained orders for China International Aviation's 20 aircraft engines, with a total value of $1 billion 800 million, including a long-term engine service agreement.

    At present, the company has a 56% share in the Chinese aircraft engine market, and a A380 in Qantas forced it to Singapore due to engine failure.


    Honeywell and Vietnam Airlines have reached a contract of $100 million for avionics and auxiliary power units, and the order equipment will be used for the existing 22 and 36 new Airbus A321 aircraft of the company.


    Nissan has said that the company's products have not been adversely affected by exchange rate fluctuations, and it is proposed to shift the car manufacturing industry to the dollar - linked economies, such as the United States and China.

    This year, the cumulative rise of the Japanese yen against the US dollar has reached 10%, which will undoubtedly cause enormous cost pressure to Nissan's local factories.


    JP Morgan raised its Potash Corp Potash rating from neutral to overweight on Monday. The target price was raised from $109 to $155, after BHP issued a nearly $40 billion takeover offer, but it was eventually abandoned because of strong opposition from Canadian regulators.


    Private Holdings Company Attachmate Corporation announced on Monday that the company will acquire $2 billion 200 million in cash for the leading infrastructure software provider, Novell.

    In March, another private Elliott Associates bid for $5.75 a share, but was refused by Novell for bidding too low.


    According to the court documents submitted by Lehman Brother Holding Inc on Monday, the company paid $42 million 100 thousand in ATTORNEYS' fees and administrative expenses in October 2010, which resulted in a management cost of $1 billion 100 million in 25 and a half months.

    As of October 31st, Lehman and its subsidiaries still held cash and invested $21 billion 100 million.

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