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Subject: The word ANGRY is being used in media


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

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Replies:
Subject Author Date
Circuses ABC Tv==week 15 financial 41==joy on the radio (NT)Us earnings week Which began on Monday April 9th 201215:49:47 04/13/12 Fri


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