Market news
12.12.2011, 17:49

U.S. stocks fell

U.S. stocks fell, following a two- week rally in the Standard & Poor’s 500 Index, as Moody’s Investors Service will review the ratings of all European Union countries  will miss its forecast. American stocks joined a global slump today as Moody’s said that last week’s EU summit failed to produce “decisive policy measures” to end the region’s crisis.

Dow 11,958 -226.48 -1.86%

Nasdaq 2,597 -49.68 -1.88%

S&P 1,230 -25.49 -2.03%

No major U.S. economic date are due Monday, so investors will be looking ahead to reports on retail sales and the Federal Reserve's monetary-policy meeting on Tuesday, producer prices, regional manufacturing activity and industrial production on Thursday and consumer prices on Friday.

In corporate news, Ingersoll-Rand increased its annual dividend for the second time this year, raising the payout 33% to 64 cents a share from 48 cents a share, but shares still lost 2.4%. Diamond Foods tumbled 23% after the company said it would delay its quarterly filing due to an investigation into crop payments to walnut growers, adding that it expects to get a deficiency notice from Nasdaq. The company faces challenges from walnut growers over what are known as momentum payments that could delay the snack maker's planned $2.35 billion acquisition of Pringles from Procter & Gamble, The Wall Street Journal reported.

Goodyear Tire lost 2.6%. Shortages as a result of Thailand's catastrophic flooding earlier this year could spread to the market for aircraft tires as soon as February or March, the company said Friday.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location