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MENAFN - ecPulse - 05/11/2012

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The worlds leading economy saw its shares plunging throughout the opening session as fears are spread within the stock market since that on one hand American voters prepared to vote in presidential elections and that final results remain unclear of course while that on the other hand there is a strong speculation that Greece will struggle to win a bailout.

Accordingly at 10:14 a.m. in New York the Dow Jones shed by 0.04 percent and 5.23 points to 1409.96, the S&P 500 fell by 0.30 percent or 4.24 points to 1,3052.43, the Nasdaq composite for instance plunged by 1.16 points and 0.04 percent to 2980.97 .

Now Apple Inc. rose 1.4 percent as it sold 3 million units of its iPad mini and fourth-generation iPad during the debut weekend.

Plus  KBW Inc. added 7.1 percent as Stifel Financial Corp. agreed to buy the boutique investment bank while that Time Warner Cable Inc. declined 4.3 percent amid disappointing earnings.

As for the dollar index, which measures the performance of the green Benjamin in front of a basket of currencies, it rose to 80.76 recording a high of 80.84 and a low of 80.49 while that the black gold rose faintly to 85.19 a barrel.


 






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