2010年11月24日星期三

Morning: U.S. stocks continue to fall the Dow down 140 points

By the Korean conflict, U.S. stocks continued to fall Tuesday morning. U.S. third quarter GDP results of the second amendment and the October home sales figures slightly over expectations, but South Korea and the Korean conflict between small-scale investors nervous, leading the broader market lower.

At 10:21 on November 23 EST, the Dow Jones Industrial Average fell 140.81 points to 11,037.77 points, down 1.26%; the Nasdaq composite index fell 32.33 points to 2,499.69 points, down 1.28%; the S & P 500 Index fell 15.86 points to 1,181.98 points, down 1.32%.

The Dow was down nearly 162 points up. Dow component Exxon Mobil (XOM) fell 2.3%, Alcoa (AA) fell 2.1%, Travelers (TRV) fell 1.7%.

Hewlett-Packard (HPQ) rose 0.5%, rising to be the only one Dow component. The company said late Monday released a good fourth quarter results, and publish the results better than expected forecast.

Energy and raw materials sector led by the broader market.

About geopolitical risk is a major force in the market on Tuesday. Western military in the disputed border near North Korea's an island shelling, killing two South Korean navy fire deaths and a number of buildings. South Korean troops to fight back immediately.

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