U.S. stocks drop amid weaker holiday season

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Source: Reuters
Wall Street stocks closed lower on Tuesday with the benchmark indexes Dow Jones and S&P 500 falling for the third straight session from record highs reached in recent sessions amid concerns that shopping season during Thanksgiving holiday was weaker than expected. The Dow Jones industrial average lost 0.59% to 15,914.62 and the Standard & Poor's 500 Index slipped 0.32% to 1,795.15.

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Wed, 04 Dec 2013 08:56:07 GMT

Greenback drops before labour market data

The U.S. currency declined on Wednesday weakening against the Japanese Yen and other Asian currencies before a government report released U.S. labour market data later this week. The so-called Greenback fell to 102.24 Yen after reaching the highest level in six months at 103.38 yen yesterday, while the U.S. Dollar Index decreased 0.4% to 80.627.

Wed, 04 Dec 2013 08:25:03 GMT

Asian stocks drop on speculation Fed scales back soon

The majority of Asian shares declined on Wednesday led by the Japanese benchmark index Nikkei 225 amid speculation that the Federal Reserve may trim its aggressive monetary bond purchases as the economy improves prompting investors to cash recent gains. The MSCI broadest Asia-Pacific Index outside Japan dropped 0.4% following a fall to a 2-week low.

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