Arab Today, arab today us stocks sink under fiscal cliff worries
Last Updated : GMT 01:01:40
Arab Today, arab today
Arab Today, arab today

US stocks sink under fiscal cliff worries

Arab Today, arab today

Arab Today, arab today US stocks sink under fiscal cliff worries

New York - AFP

US stocks closed lower Thursday under a cloud of fiscal cliff concerns that overshadowed a batch of somewhat positive economic data on jobs, retail sales and inflation. The Dow Jones Industrial Average fell 74.73 points (0.56 percent) to 13,170.72. The broad-market S&P 500 retreated 9.03 (0.63 percent) to 1,419.45, after six days of gains, while the Nasdaq Composite dropped 21.65 (0.72 percent) to 2,992.16. The indexes spent most of the day in negative territory amid concerns about the imminent fiscal cliff of sharp tax hikes and spending cuts due to take effect on January 1 unless a political compromise is reached. But stocks pared declines in the final hour of trade after media reports said President Barack Obama and Republican House Speaker John Boehner would meet at the White House in an effort to break the impasse. Sprint Nextel, the third-largest US wireless carrier, slipped 0.4 percent after announcing an offer to buy the shares it does not already own of Clearwire, up 14.9 percent. Apple fell 1.7 percent after Google Maps returned to its iPhone, allowing users to replace a glitch-ridden Apple map program. Google rose 0.7 percent. Struggling electronics retailer Best Buy jumped 15.9 percent. Founder Richard Schulze will try to take the company private by Saturday, the Minneapolis Star-Tribune reported, citing an unidentified source. Research in Motion added 4.1 percent after announcing that the US Immigration and Customs Enforcement agency will test its new BlackBerry 10, due to be launched January 30 -- after the agency dropped BlackBerry phones for Apple\'s iPhone in November. Solar company SolarCity sizzled in its market debut, up 47.4 percent at $11.79. The initial public offering stocks were priced at $8.00 Caterpillar climbed 0.5 percent after announcing it would accelerate its dividend payment to this month, the latest company taking the action to protect shareholders against 2013 tax increases. Bond prices were mixed. The 10-year US Treasury yield rose to 1.73 percent from 1.70 percent late Wednesday, while the 30-year was unchanged at 2.90 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

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 sink under fiscal cliff worries Arab Today, arab today us stocks sink under fiscal cliff worries

 



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 sink under fiscal cliff worries Arab Today, arab today us stocks sink under fiscal cliff worries

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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