Wall Street closed in red; technology sector weighted

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
Wall Street closed lower on Tuesday amid mounting worries over fiscal cliff in the US. Moreover, Greek financial woes weighted down on the risk appetite. The IMF disagreed on Greek budget terms, while the eurozone's finance ministers postponed a bailout decision to November 20. The S&P 500 Index shed 0.4% to end the session at 1,374.53. Only three sectors rose. The top-performers were defensive stocks, with utilities adding 0.33%. Agl Resources and American Electric Power Company climbed 0.16% and 0.07%. Dragging the US stocks lower, technology and banking sectors tumbled. Microsoft slid 4% after reporting that Windows President Steven Sinofsky was leaving the company. Meanwhile, Cisco Systems was unchanged ahead of the earnings report. The company announced upbeat quarterly results after hours. Meanwhile, Apollo slashed 1.25% on news that the firm is going to raise USD12 billion for the latest fund that is less than the previous fund's size.

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