US stocks close lower on S&P downgrade talks

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Source: Marketwatch
US stocks experienced slight losses and traded lower on Friday on speculations S&P ratings agency may downgrade several Euro Zone nations. Investor fears were also fuelled by J.P. Morgan Chase's report of drop in profits. S&P 500 Index lost 0.5% or 6.41 points and closed at 1,289.09, while Dow Jones Industrial Average Index slipped 0.39% or 48.96 points to 12,422.06. Nasdaq Composite index closed 0.5% or 14.03 points down at 2,710.67. 
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Mon, 16 Jan 2012 10:43:23 GMT

Dow Jones Index drops led by J.P. Morgan Chase

Dow Jones Industrial Average Index slipped 0.39% or 48.96 points to 12,422.06  on Friday amid fears of possible France's AAA downgrade and Greek struggle to agree on debt reductions. Financials were the main losers within the index JP Morgan Chase fell 2.52% after reporting loss in profits and Bank of America tumbled 2.65%. After the closing of US trade, S&P

Mon, 16 Jan 2012 08:01:41 GMT

India inflation slows down in December

The growth in India's consumer price level slowed down, reaching the two-year record low and pressing nation's central bank to maintain interest rate unchanged for a second meeting in a row due next week. Wholesale price index added 7.47% in December compared with an increase of 9.11% a month earlier. Economists predicted December inflation to be at 7.40%. Central bank

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