Last Updated : GMT 17:44:37
Arab Today, arab today
Arab Today, arab today

Wall Street still dominated by European headlines

Arab Today, arab today

Arab Today, arab today Wall Street still dominated by European headlines

New York - Xinhua

The U.S. stocks pared most of their early losses and ended mixed on Thursday after French and German leaders said that there will be a \"definitive agreement\" to address the region\'s debt problems before Wednesday. The Dow Jones industrial average closed at 11,541.78, gaining 37.16 points, or 0.32 percent. The Standard & Poor\'s 500 ended up 5.51 points, or 0.46 percent, to 1,215.39. The Nasdaq Composite Index dropped 5.42 points, or 0.21 percent, to 2,598.62. Major indexes were under pressure in morning session as there was rumor that the European summit aiming at addressing the crisis might be postponed owing to disagreements on how to deploy cash in the bailout fund. However, losses were quickly pared in the afternoon after the leaders of France and Germany said that a key bailout plan would be approved by next Wednesday at the latest. The market has become overly sensitive to chatters and rumors out of Europe and to the headline news recently. Anything related to a possible solution to the European debt problems can move the market. Stocks got a blow on Monday as German Finance Minister said that governments will not yield a definitive solution to the region\'s debt crisis. On Wednesday, remarks from French President Nicholas Sarkozy indicating that talks to tackle the euro zone crisis were stuck sparked another sell-off, one day after a late session rally triggered by a report saying that Germany and France had reached an agreement to increase the firepower of Europe\'s recently overhauled bailout fund. Thursday\'s economic data was overall positive, but failed to draw much attention as all eyes were on Europe. According to the Labor Department, the number of people applying for jobless benefits dropped 6,000 to a seasonally adjusted 403,000 last week, in line with previous estimates. Manufacturing in the Philadelphia region showed signs of recovery in October, the Federal Reserve Bank of Philadelphia reported on Thursday in its latest monthly survey. The Philly Fed index leaped to 8.7 from -17.5, well above the - 9.4 consensus, the first positive reading in three month. This is a very welcome surprise to investors, easing some concerns of a double dip recession in the world\'s biggest economy. In other markets, the U.S. dollar fell against most major currencies in late New York trading, and U.S. crude oil also ended lower. Light, sweet crude for November delivery fell 81 cents, or 0.94 percent to settle at 85.30 dollars a barrel on the New York Mercantile Exchange. But in London, Brent crude for Dec. delivery rose 1.38 dollars, or 1.27 percent to close at 109.77 dollars a barrel.

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 wall street still dominated by european headlines Arab Today, arab today wall street still dominated by european headlines


Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As nearly 20,000 children flee Aleppo

GMT 07:50 2016 Saturday ,03 December

As nearly 20,000 children flee Aleppo
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark

GMT 04:26 2016 Saturday ,03 December

Sterling posts best run vs. euro in 9 months

GMT 12:16 2016 Friday ,02 December

Dow ends at fresh record; Nasdaq tumbles 1.4%

GMT 01:19 2016 Friday ,02 December

Kuwait Bourse Ends Thursday in Green Zone

GMT 21:38 2016 Thursday ,01 December

US Stocks Mostly Low on Wednesday

GMT 21:01 2016 Thursday ,01 December

Chinese Yuan Weakens to 6.8958 against USD Thursday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today For Yazidi women left behind

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Austria's race against time

GMT 11:44 2016 Thursday ,01 December

Austria's race against time
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
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

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday