Dow Jones ends week with a 4.8% decline

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Source: Marketwatch
© Scanpix/AFP

On Friday Dow Jones experienced a slight decline of 0.2% or 25.77 points, closing at 11.231.78. The total weekly loss for index was 4.8%. The major winner was Travelers Cos. Inc. as its shares added 1.2%, while Alcoa Inc. stocks surged 0.79%. Decline in the index was led by Chevron Corp dropping 1.56%, as oil prices fell sharply. Hewlett-Packard Company also provided substantial negative contribution to index giving up 1.51%.

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Mon, 28 Nov 2011 14:35:14 GMT

Gold futures climb above USD 1,700

Gold futures increased essentially above psychologically significant level of USD 1,700 an ounce after the USD declined against Euro on the signs of improving situation in the Euro Zone. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery cost USD 1,717.25 a troy ounce during the European morning trading, gaining 1.7%. EUR/USD reached 1.3398 within the European afternoon

Mon, 28 Nov 2011 14:39:03 GMT

Nasdaq Composite closes 0.8% down on Friday

On Black Friday Nadaq Composite extended its 7-session loss and closed at 2,441.51 giving up 0.8% or 18.57 points. The total weekly loss for index was 5.1%. Decrease in the index was led by Micron Technology and Amazon.com losing 3.68% and 3.49% accordingly. Biggest gainers were Yahoo! Inc. which gained 1.07% and Expedia which advanced 1.01%. 

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