Thursday, May 23rd, 2013
Follow us on:

Dow fell 2.7% this week

The U.S. November CPI data released before the opening bell was better-than -expected, driving us stocks rise once. It was said that the rating agency Fitch maight downgrade the six countries’ rating, including Italy, Spain, weighing on the market optimistic sentiment. U.S. stocks diveraged on Friday, the Dow Jones industrial average fell 2.42 points, or 0.02 percent, to 11,866.39 points, the Nasdaq composite index gained 14.32 points, or 0.56 percent, to 2555.33 points, Standard & Poor’s 500 index rose 3.91 points, or 0.32%, to 1219.66 points. Technology and raw materials shares led the leading.

U.S. Labor Department announced that the U.S. November consumer price (CPI) remained the same as the last mongth on Friday, mainly because the cost of crude oil declined. The CPI rose 0.1% higher than the average forecast of November CPI of the economists polled by Thomson Reuters.

Find Penny Stock Trading Secret
Learn how to retire a multi-millionaire starting with $1,000. How does one trade per week turn chump change into a massive $5.7 million cash avalanche? You don't risk a single cent!
blog comments powered by Disqus