Home
U.S. stocks close lower, Dow drops 121 points
Europe News.Net
Friday 9th May, 2008
All the major indices lost ground Friday in a dismal end to the week.
The U.S. dollar was also sharply lower, while the price of oil soared above $126 a barrel.
Blue chips fared poorly. The Dow Jones Industrials fell 120.90 points or 0.94% to 12,745.88.
The Standard and Poor's 500 slid 9.40 points or 0.67% to 1,388.28, while the Nasdaq Composite lost a more modest 5.72 points or 0.23% to 2,445.52.
On currency markets the dollar matched stocks with a dismal performance. By the New York Close the Japanese yen had strengthened to 102.96.
The Swiss franc rose to 1.0409, and the euro to 1.5479. The British pound fell a touch to 1.9522.
The Australian dollar traded little changed at .9428, while the Canadian dollar rose to 1.0054.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Religare, two other Indian companies vying for London stockbrokers
London, May 17 (IANS) Three Indian companies, including Religare, are bidding to acquire city stockbrokers Arden Partners, the Financial Times reported. [read story]
- Britain slammed for demanding repayment of climate aid
London, May 17 (IANS) Almost all of the 800 million pounds ($1.6 billion) offered by Britain to help developing countries cope with the effects of climate change will have to paid back with interest, a newspaper reported Saturday. The revelation drew criticism from developing country diplomats and NGOs. [read story]
- Kate Hudson dating Lance Armstrong?
Melbourne, May 17 : Kate Hudson reportedly has a new leading man in her life - Tour de France legend Lance Armstrong. [read story]
- EU-Latin America summit voices concern over food prices
Lima, May 17 (DPA) The European Union-Latin America-Caribbean (EU-LAC)summit stressed in its final declaration in Lima that participants were 'deeply concerned by the impact of increased food prices', specifically citing troubled Haiti as an example. [read story]
- Lynch to make horror film based on Greek tragedy
London, May 17 (IANS) Filmmaker David Lynch is all set to make a new horror movie based on a Greek tragedy. [read story]
|
|
 |
 |
|
|
