S&P 500 extends losses

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Source: Dukascopy
© Scanpix/Reuters
Standard & Poor's 500 Index lost 2.2% or 26.25 and closed at 1,161.79. All 10 industries in index experienced decline, led by banks, material makers and energy companies. Index declined for sixth consecutive day in a row which is the longest decline since August. Bank of America declined 4.28%, Janus Capital Group Inc. gave up 4.41%. Cabot Oil & Gas Corp. and Tesoro Petroleum Corp. each dropped 6.01% and 4.15% respectively. Among few gainers was Walgreen Company which added 4.39% on Brighton Markets report.

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Thu, 24 Nov 2011 14:38:53 GMT

Nasdaq Composite slumps in line with its peers

Nasdaq Composite index followed other leading US market indexes and declined 2.4% or 61.20 points ending at 2,460.08 amid fears that poor German bond auction could signal deepening crisis. Gilead Sciences was one of few gainers that added 2.27% on announcement of acquisition of biotechnology company Pharmasset. Major negative contribution from the index came from Sirius Xm Radio Inc. and Micron Technology that each gave

Thu, 24 Nov 2011 13:51:44 GMT

Japan's Nikkei 225 ends lower after holiday

Although most Asian market indexes recovered on Thursday, Nikkei 225 closed lower at 8,165.18 giving up 149.56 points or 1.8%. Analysts explain Nikkei's loss as investors attempt to catch up to yesterday's developments in Europe. German poor auction amid poor manufacturing report from China had a negative impact on the index. Nikkei 225 was mainly hit by blue chip companies. Fujitsu Ltd. lost 2.6%,

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