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PostWysłany: Śro 18:04, 09 Lut 2011    Temat postu: U.S. stocks drop sharply on Egyptian concerns, Nas

U.S. stocks drop sharply on Egyptian concerns,nike air penny 1/2 cent, Nasdaq down over 2 pct
U.S. stocks dropped sharply Friday with the Nasdaq declining over 2 percent amid investors' concern about situations in Egypt.The situation in the Middle East and Africa increased investors ' demand for safer havens and prompting them to sell riskier assets.
The Dow Jones industrial average dropped 166.13 points,dunk women boots, or 1. 39 percent, to 11,air max 24/7,823.70. The Standard & Poor's 500 index was down 23.18 points,nike air half cent, or 1.78 percent,ghd blue serenity, to 1,ghd iv styler,276.36 and the Nasdaq declined with 68.24 points,cheap air jordan 2011, or 2.48 percent,nike air max 24/7 sale, to 2,Jordan CMFT Max AIR 12 for sale,687.04.Investors were now keeping a close watch on growing street protests in Egypt. The military was deployed in an effort to restore order and the headquarters of the ruling party was on fire. Moreover,dunk heels sale, the Egyptian government's response to escalating street protests unnerved investors.
The market was also influenced by disappointing economic data. The Commerce Department said that the U.S. economy grew at a 3.2 percent in the fourth quarter as consumer spending accelerated. The rise was a touch below economists' expectations for a 3.5 percent rate.As to corporate news,air penny shoes, Ford earned its largest profit in more than a decade in 2010,discount ken griffey shoes, as demand for its cars and trucks rose and it benefited from years of restructuring. It earned 6.6 billion dollars, or 1.66 dollars per share. That's more than double its 2009 profit of 2.7 billion dollars, or 86 cents per share.
Microsoft Corp. reported late Thursday that the profitability of its Windows division was falling.Meanwhile,ghd hair, the U.S. dollar traded higher against major currencies in late New York trading on Friday. The Euro was lower against the U.S. Dollar to 1.3615 from 1.3729 and the British pound dropped to 1.5869 dollars from 1.5935.
Quotable quotes at Davos forum
World elites entered their third-day discussion in the Swiss ski resort of Davos on Friday,cheap ghd straightener, turning to a variety of issues,air jordan heels sale, including economic situation and the Doha round of global trade talks.
The following are noticeable quotes from the whole day:"Our first priority is to kill off the specter of massive sovereign debt. In many ways,cheap ken griffey shoes, we in Europe have been our own worst enemy." -- British Prime Minister David Cameron"So I want to be the first leader to support your call for urgent action now to agree the key elements of the Doha deal this year. And I call on every world leader to join me. We've got one last chance to get this right. 2011 is the make or break year." -- Cameron"We need a revolution. Climate change is also showing us that the old model is more than obsolete." -- UN Secretary General Ban Ki-moon
"Let me say this very clearly again. The euro is our currency. And it is much more than just a currency. It is the embodiment of Europe today. Should the euro fail,cheap nike air max 24/7, Europe will fail. We are going to defend the euro." -- Germany Chancellor Angela Merkel"The conclusion of the Doha Round is of utmost importance. We are literally meters away from the finishing line. But if we do not reach it,air jordan high heels, then decades will go by without this opportunity offering itself again." -- Merkel
"There's more confidence now that the most acute part of the crisis is over,ghd purple indulgence, absolutely in the U.S. but that is even true globally." -- U.S. Treasury Secretary Tim Geithner"Do I think America is in decline? I do not,cheap air max 24/7, but its relative position is changing." -- former U.S. President and UN Special Envoy to Haiti Bill Clinton.
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