Arab Today, arab today us stocks continue to slide amid budget deal fears
Last Updated : GMT 20:08:36
Arab Today, arab today
Arab Today, arab today

US stocks continue to slide amid budget deal fears

Arab Today, arab today

Arab Today, arab today US stocks continue to slide amid budget deal fears

New York - XINHUA

U.S. stocks fell for a fifth consecutive day on Friday as the prospects of the \"fiscal cliff\" were still uncertain. So far, the main stock indexes notched the longest losing streak in three months as the fiscal gridlock loomed. Wall Street opened lower as hope was fading for a budget deal. Later on, the stocks were partly underpinned by the positive economic data. The index of pending home sales rose 1.7 percent in November from October, the highest reading since April 2010, according to the National Association of Realtors. Existing or previously owned homes account for more than 90 percent of the housing market. New-home sales also rose 4.4 percent in November to a highest level since April 2010, the Commerce Department reported Thursday. The Chicago Purchasing Managers Index jumped to 51.6 in December, a four-month high, gaining for a third straight month. A reading of 50 is the dividing line between expansion and contraction. Democratic and Republican sources involved in negotiations reported some progress Friday toward a potential deal averting the \"fiscal cliff\" ahead of an afternoon summit between U.S. President Barack Obama and top congressional leaders. However, in the late session, the stocks accelerated their losses after choppy trading as the markets were closely watching the progress of budget negotiations among U.S. political leaders. Hewlett-Packard dropped 2.42 percent after it acknowledged late Thursday that the U.S. Department of Justice was probing into its allegations of accounting fraud at its Autonomy division. Apple lost 1.10 percent after it was ordered to pay 165,000 U.S. dollars to eight Chinese writers and two companies for distribution of unlicensed works through Apple\'s on-line store. The energy sector was the top decliner among the S&P 500 index. The Dow Jones Industrial Average closed down 158.20 points, or 1. 21 percent, to 13,938.11. The broad-market S&P 500 index slid 15. 67 points, or 1.10 percent, to 1,402.43. The tech-rich Nasdaq Composite Index dropped 25.60 points, or 0.86 percent, to 2,960.31.

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

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 us stocks continue to slide amid budget deal fears Arab Today, arab today us stocks continue to slide amid budget deal fears

 



Arab Today, arab today

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 us stocks continue to slide amid budget deal fears Arab Today, arab today us stocks continue to slide amid budget deal fears

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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