Arab Today, arab today dow closes higher after day of wild swings
Last Updated : GMT 11:21:32
Arab Today, arab today
Arab Today, arab today

Dow closes higher after day of wild swings

Arab Today, arab today

Arab Today, arab today Dow closes higher after day of wild swings

New York - AFP

The Dow Jones Industrial Average gained 0.54 percent on Friday to close at 11,444.61 after a roller-coaster day on the markets, ending the week with steep losses. The broader S&P 500 was down 0.06 percent to 1,199.38, while the tech-heavy Nasdaq Composite fell 0.94 percent to 2,532.41.Stocks experienced wild swings after a better-than-expected US jobs report, hints of progress in Europe\'s debt crisis and a rumor -- which ultimately did not bear fruit -- that the Standard & Poor\'s ratings agency would downgrade the United States\'s sovereign debt rating. Early Friday, the US Labor Department reported that the country\'s economy generated 117,000 jobs in July, cutting the official unemployment rate down a notch to 9.1 percent. Economists had forecast only a net 84,000 jobs generated.The mildly positive surprise on jobs came despite a drumbeat of bad economic news over the past week, which had led some analysts to worry that the United States was on the brink of a new economic downturn.\"The job number was good but not good enough to get us out of all this other stuff,\" said Marc Pado, chief US market strategist for Cantor Fitzgerald.Markets were also buoyed by rumors that the European Central Bank was buying Spanish and Italian government bonds, which have been pummelled in recent days as investors fret about the solvency of the two countries.Italian Prime Minister Silvio Berlusconi pledged to speed up the country\'s austerity measures in a bid to ease tensions on the bond market.Still, Europe\'s major stock exchanges fell into the red. Both London and Frankfurt closed the day with losses of more than 2.7 percent.US financial stocks were hammered amid fears of contagion from Europe\'s debt crisis, with Bank of America plunging 7.5 percent and Citigroup falling 3.9 percent.Kraft Foods rallied 3.2 percent. The food giant announced plans on Thursday to split itself into two companies, a move that was welcomed by many analysts and investors. Procter & Gamble was up 1.7 percent after announcing that its quarterly profits had beaten analysts\' expectations.Bond prices, which rallied this week amid the global stock sell-off, fell on Friday. The yield on the 10-year Treasury rose to 2.56 percent from 2.46 percent late Thursday, while that on the 30-year bond climbed to 3.82 percent from 3.72 percent. Bond prices and yields move in opposite directions.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dow closes higher after day of wild swings Arab Today, arab today dow closes higher after day of wild swings

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal

GMT 13:39 2017 Saturday ,25 March

US stocks end mixed as House pulls health-care bill

GMT 03:20 2017 Saturday ,25 March

Markets hanging on US health care bill fallout

GMT 15:44 2017 Wednesday ,22 March

Bahrain Bourse daily trading report

GMT 13:35 2017 Wednesday ,22 March

Oman shares fall taking cues from regional bourses

GMT 09:35 2017 Wednesday ,22 March

Bahrain Bourse daily performance
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday