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U.S. Stocks Drop a Second Week on Japan Radiation Concern, Libya Conflict
Anonymous Kritter Show this Post
03-19-2011, 05:51 PM #1
Anonymous Kritter Incognito Anonymous
Quote:U.S. stocks fell this week, sending the Standard & Poor’s 500 Index to the biggest drop since August, amid concern that Japan’s nuclear crisis and violence in Libya and Bahrain may curb the global economy.

The S&P 500 rose 1.8 percent in the past two days after the Federal Reserve said some banks are strong enough to boost dividends and buybacks, Libya called a cease-fire and FedEx Corp.’s forecast beat estimates. General Electric Co. (GE) lost 5.5 percent, leading declines in the Dow Jones Industrial Average. Utilities fell the most in the S&P 500, slumping 4.3 percent, amid speculation Tokyo Electric Power Co.’s struggle to regain control at a nuclear plant will prompt more U.S. oversight.
Anonymous Kritter Show this Post
03-19-2011, 05:58 PM #2
Anonymous Kritter Incognito Anonymous
The economy is going to hell. Futures markets are sliding face first in the dirt, going to be some bloody noses.
03-19-2011, 06:12 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,202 Threads:1,487 Joined:Feb 2011
(03-19-2011, 05:58 PM)Anonymous Kritter Wrote:  The economy is going to hell. Futures markets are sliding face first in the dirt, going to be some bloody noses.

coffeetime.gif I fear the economy may not get back up for a while after this latest "bloody nose" plays out, but good analogy.


03-19-2011, 06:16 PM #4
Octo Mother Superior
Posts:41,346 Threads:1,581 Joined:Feb 2011
Maybe SIR Bob Geldof can get together with his mighty friends and arrange a Bank Aid spectacle 13.gif



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