2010年11月22日星期一

Late: FBI investigating three financial stocks Pudie hedge funds

U.S. stocks rebounded late on Monday, the Dow and S & P 500 index fell narrowed, the Nasdaq turned higher again. FBI raid investigation for insider trading case, the number of hedge funds, led to the financial sector are declining. Euro area financial stability remains worried investors.
EDT at 15:04 on November 22 (Beijing time at 4:04 on November 23), the Dow Jones Industrial Average fell 49.45 points to 11,154.10 points, down 0.44%; the Nasdaq composite index rose 6.88 points to 2,525.00 points, or 0.27%; Standard & Poor's 500 index fell 4.76 points to 1,194.97 points, down 0.40%.
The Dow was down more than 149 points up. Dow 30 industrial stocks all fell, led by financial sector, including Bank of America (BAC) fell 3.2%, JP Morgan Chase (JPM) fell 2.5%.
Drop in the financial sector dragged down the S & P 500 Index lower. According to reports, FBI raids on Monday investigated the Diamondback Capital, Level Global Investors and the Loch Capital Management hedge fund and other three organizations, launched a large-scale insider trading investigation. Diamondback Capital and Level Global Investors are by Steve - Cohen (Steve Cohen) under the command of SAC Capital Advisors agencies in charge of the first fund of hedge fund managers.
Some investors said the FBI investigation as more details made public, they think the financial sector would suffer further blow.
Per Stirling Capital Management investment agency director Robert - Phillips (Robert Phipps), said, "dealing in securities brokers and investment bankers are most likely to become a FBI investigation of insider trading cases of the review of the target."
At the same time, with the crude oil futures prices barrel below $ 81 in intraday trading, the energy sector also generally declined.Halliburton (HAL) down 2.3%, El Paso (EP) fell 2%, National Oilwell Varco (NOV) fell 1.8%.
While providing financial assistance to the Irish international agreement has been reached, but investors are still worried that the whole euro zone government debt levels. Currently the provision of financial loans to the size of Ireland is still unknown.
Irish debt to the EU official on Sunday night the International Monetary Fund (IMF), billions of euros of aid applications. EU and IMF officials said the release of relief funds will depend on the progress of the Irish Government to take measures to restructure debt, reduce the budget deficit outcome of the negotiations.Official for help in Ireland after the announcement, the euro exchange rate was rising.
But the euro exchange rate fell, the Irish had the minority party in the coalition government, the Green Party in January 2011 called for early general elections in late. Green Party on the recommendations of an early election, so that investors will be suspicious of the move on what impact the rescue plan.
U.S. dollar index rose 0.4%. Treasury prices mixed, market demand for lower 2-year bonds flat; demand a higher price of 10-year Treasury yield fell to 2.82%.


More:



How Dublin has enabled Google to reduce its taxes in Europe


没有评论:

发表评论