News from across the continent
28/12/2012 10:57:46 PM
28/12/2012 05:38:45 PM
28/12/2012 03:23:58 PM
28/12/2012 12:19:49 PM
27/12/2012 05:38:03 PM
27/12/2012 04:15:30 PM
27/12/2012 03:56:48 PM
27/12/2012 12:42:14 PM
Publish Date28/12/2012 10:57:46 PM
Last Update28/12/2012 11:02:25 PM
Wall Street ended the session in red after President Barack Obama dismissed Congressional leaders and ended the meeting with no progress, which moved the World`s largest economy a step closer to the fiscal cliff, which will drag the economy back into recession.
All hopes that Obama and Congressional Leaders will reach an agreement over the budget vanished today, after they ended the highly anticipated meeting with no agreement. However Obama will make a statement at the White House at 5:45 pm ET, as investors will seek clues over a deal for the fiscal cliff.
The Dow Jones Industrial Average declined 1.21% to end the session at 12938.11 points, after reaching a low of 12926.86, where it recorded a high of 13095.46 points.
The S&P 500 dropped 1.10% or 15.67 points, ending the session at 1402.34, achieving a low of 1401.58 and a high of 1418.10.
The Nasdaq Composite declined 25.59 points or 0.86% to close the session at 2960.31, where it recorded a low of 2959.67, and a high of 2985.47, where 1408 shares declined, and 803 shares rallied, while 235 shares remained neutral.
The Dollar Index, which tracks the performance of the U.S dollar against other majors, rose to trade at 79.68, reaching a high of 79.93, and a low of 79.59, after opening at 79.65.
On the other hand, Gold prices dropped to trade at $1657.20 per ounce, compared to the opening of $1662.15, while Crude Oil declined to trade at $90.75, after opening at $91.64 per barrel.
Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.
©2012 ICN.COM. ALL RIGHTS RESERVED