US stocks mixed on Friday

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Source: Marketwatch

US major stocks indexes traded mixed on Friday as Italy approved austerity measures while Fitch threatened to downgrade six national debt ratings. Dow Jones Industrial Average was almost flat trading 0.02% or 2.42 points down, finishing at 11,866.39, S&P 500 added 0.32% or 3.89 points reaching 1,219.65 and Nasdaq Composite gained 0.6% or 14.32 points closing at 2,555.33.

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Mon, 19 Dec 2011 08:40:21 GMT

Moody's cuts Belgium's credit rating

Moody's Investors Service lowered Belgium's credit rating two steps down on growing concerns that increasing borrowing costs, slackening growth and obligations from Dexia SA's breakup can expand the euro region's fifth largest debt burden. Moody's cut Belgium's sovereign debt rating from Aa1 to Aa3 indicating negative outlook.

Mon, 19 Dec 2011 08:39:13 GMT

Kim Jong-il dies from a heart attack

On Saturday Kim Jong-il the leader of North Korea passed away after a heart-attack, confirmed state-managed media Kim Jong-il was 69. The Asian stocks markets reacted sharply and extended loss on Monday while US Dollar boosted gains against South Korean domestic currency. Kim Jong-un, the leader's son is predicted to substitute his father into power.

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