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Subject: The word ANGRY is being used in media |
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Author: Angry |
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Date Posted: 15:45:54 04/13/12 Fri In reply to: slower growth in China 's message, "stocks sank more than one percent in a Friday the 13th rout" on 15:26:27 04/13/12 Fri >China's slower growth weighs on US stocks > >AFP – 11 hours agoRelated ContentView PhotoTraders >work on the floor of the New York Stock Exchange on >April 10. US stocks sank more than one percent in a >Friday the 13th rout as slower growth in China >eclipsed better-than-expected earnings from two big >banks and Internet giant Google. > >US stocks sank more than one percent in a Friday the >13th rout as slower growth in China eclipsed >better-than-expected earnings from two big banks and >Internet giant Google. > >After sharp gains Thursday, Wall Street sentiment also >was damped by rising concerns across the Atlantic that >Spain and Italy may be the next to succumb to the >eurozone debt crisis. > >The Dow Jones Industrial Average dived 136.99 points >(1.05 percent) to finish at 12,849.59. > >The broader S&P 500 shed 17.31 (1.25 percent) to >1,370.26, while the tech-rich Nasdaq fell 44.22 (1.45 >percent) to 3,011.33. > >"Looks like the steam has run out of Wall Street's >sail," said Karee Venema at Schaeffer's Investment >Research. > >According to the company, "the last three Friday the >13ths have been down days" and Friday's action made it >four in a row. > >"Equities fell as China's gross domestic product rose >8.1 percent in the first quarter, less than the >consensus 8.4 percent growth prediction," Wells Fargo >Advisors said. > >"Debt contagion fears in the eurozone added to the >negative tone as Spanish credit-default swaps advanced >to an all-time high." > >A bigger-than-expected drop in the University of >Michigan's consumer sentiment index also stoked >concerns about the pace of the US recovery following >poor jobs figures. > >Shares in JPMorgan Chase tumbled 3.8 percent and Wells >Fargo fell 3.3 percent, despite pre-opening earnings >reports beat Wall Street expectations. > >JPMorgan announced it made $5.4 billion profit in the >first quarter and Wells Fargo posted a first-quarter >profit of $4.2 billion. > >Google reported soaring profits after the market >closed Thursday, but investors appeared mixed about >its announced stock split. Google shares sank 4.0 >percent to $625.27. > >The fall erased most of Thursday's gains, when the key >indices all added more than 1.3 percent. > >Bond prices rallied. The yield on the 10-year US >Treasury fell to 2.00 percent from 2.05 percent >Thursday while the 30-year yield dropped to 3.15 >percent from 3.21 percent. > >@y7finance on Twitter [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
Circuses ABC Tv==week 15 financial 41==joy on the radio (NT) | Us earnings week Which began on Monday April 9th 2012 | 15:49:47 04/13/12 Fri |