Nasdaq down 0.5%

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Source: Dukascopy
© Scanpix/AP

Nasdaq Composite Index consisting mainly of technology stocks experienced  a slight decline in contrast to its major peers and traded down 0.50% or 11.83 points down, closing at 2,515.51. Netflix provided substantial negative contribution to index giving up 3.4% after reporting expectations for upcoming losses. Stocks of Green Mountain Coffee Roasters declined 4.06% while Wynn Resorts Limited lost 3.89%. Among biggest gainers were Research In Motion Limited and Seagate Technology adding 5.40% and 3.69% respectively. 


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Wed, 30 Nov 2011 12:52:23 GMT

Copper prices may boost on the possible supply shortage

Ongoing strikes in the mines producing copper coupled with rising concerns over political clashes in Congo, the second largest copper producer, add to the probability of copper deficit in the next year. Currently copper prices are weak due to pessimistic economic outlook; however, decreasing supply of the raw metal may lead to a highly bullish sentiment on the market. At the moment copper is trading

Wed, 30 Nov 2011 13:09:46 GMT

Gold futures fluctuate above USD 1,700 an ounce

Gold futures experienced slight fluctuations on Tuesday remaining above psychologically significant level of USD 1,700-an-ounce as investors were affected by the developments in the EU like meeting of euro-zone finance ministers and successful Italian auction. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery achieved USD 1,718.75 a troy ounce at the U.S. early trade, adding 0.25% since opening.

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