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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 13 January 2012 [View all]
xchrom
(108,903 posts)79. U.S. Stocks Drop
http://online.wsj.com/article/SB10001424052970204542404577158320667664132.html?ru=MKTW&mod=MKTW
U.S. stocks fell as fears of a credit downgrade of several euro-zone countries added to disappointing results from J.P. Morgan Chase.
The Dow Jones Industrial Average fell 82 points, or 0.7%, to 12389 in midday trading Friday, after tumbling as many as 159 points. The Standard & Poor's 500-stock index dropped nine points, or 0.7%, to 1287 while the Nasdaq Composite declined 16 points, or 0.6%, to 2709.
The declines came after reports that credit-rating firm Standard & Poor's could downgrade several euro-zone governments, including France, as soon as today. According to a report in The Wall Street Journal, a S&P notice is being circulated among euro-zone governments and an announcement "could be imminent." S&P declined to comment.
In a separate blow to confidence, talks to restructure privately held Greek debt didn't reach a conclusion Friday and are suspended. The negotiations had been expected to reach a conclusion next week.
U.S. stocks fell as fears of a credit downgrade of several euro-zone countries added to disappointing results from J.P. Morgan Chase.
The Dow Jones Industrial Average fell 82 points, or 0.7%, to 12389 in midday trading Friday, after tumbling as many as 159 points. The Standard & Poor's 500-stock index dropped nine points, or 0.7%, to 1287 while the Nasdaq Composite declined 16 points, or 0.6%, to 2709.
The declines came after reports that credit-rating firm Standard & Poor's could downgrade several euro-zone governments, including France, as soon as today. According to a report in The Wall Street Journal, a S&P notice is being circulated among euro-zone governments and an announcement "could be imminent." S&P declined to comment.
In a separate blow to confidence, talks to restructure privately held Greek debt didn't reach a conclusion Friday and are suspended. The negotiations had been expected to reach a conclusion next week.
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Okay, but last year an article said it seems like nobody cares about dividends anymore.
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