S&P 500 experiences a modest decline

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Source: Marketwatch

On Thursday S&P 500 Index was slightly down 0.2% or 2.37 points and closed at 1,244.59. On the upside were technology and resource stocks which were the best performers among 10 industries. Netflix added 4.09% while Cf Industries Holdings gained 5.14%. Yahoo! Inc joined successful performers within the index trading by 3.31% higher after Alibaba Group Holding announced it is planning make a bid. On the downside were financials with Citigroup Inc. losing 1.78% and Morgan Stanley giving up 1.89%.

 

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Fri, 02 Dec 2011 12:32:46 GMT

Retail sales in Suisse increased less than projected

Switzerland's retail sales decreased more than projected in November falling for the third consecutive month, according to official data. The sales dropped by 0.2% on a seasonally adjusted basis as compared to 0.9% in the previous month, reported Federal Statistics Bureau. Economists expected an increase of 1.2% in November.

Fri, 02 Dec 2011 12:47:01 GMT

Nikkei 225 slightly higher

On Friday trade Japan's Nikkei Stock Average added 0.54% or 46.37 points and closed at 8,643. Increase was mainly led by export dependent car producers as European economic outlook improved after Merkel's and Sarkozy's announcements. Both Toyota Motor Corp. and Nissan Motor Co. added 1.1% after reporting surge in US sales. On the upside many Japan's retailers also gained. J. Front Retailing Co. edged up

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