Home
Stocks fall backward on Wall Street
South East Asia News.Net
Thursday 24th July, 2008
US stocks fell sharply Thursday, with the Dow Jones Industrial Average losing nearly 300 points after two days of gains.
Jobless claims and housing sector worries created fear early in the trading day and pushed the market back.
The major U.S. stock indexes deepened their decline after the National Association of Realtors reported sales of existing homes in June fell to their lowest level in a decade.
The Dow Jones Industrial Average dropped 283 points to end at 11,349.
The S&P 500 fell 29 points to 1,252, with the financial sector fronting the losses.
The Nasdaq Composite lost 45 points to 2,280.
On the New York Mercantile Exchange, crude-oil futures gained $1.05 to end at $125.49 a barrel, on the heels of a dramatic pullback that had crude declining $20 during the past seven sessions.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Melbourne prepares to fend off Sydney in tennis battle
Sydney, Oct 11 (DPA) Sydney is plotting a marketing coup in hopes of stealing the Australian Open away from its longtime Melbourne home by making a more attractive offer to international tennis authorities. [read story]
- Ponting will surpass Tendulkar: Chappell
Melbourne, Oct 11 (IANS) Ricky Ponting's flamboyant maiden hundred on Indian soil led Greg Chappell to foretell that the Aussie skipper will eventually pass Sachin Tendulkar's record of maximum Test centuries. [read story]
- Infiltration bid along LoC in J-K foiled
Srinagar, Oct 11 : Army troops on Saturday shot dead a Pakistani militant in a gun battle in Poonch District of Jammu and Kashmir, foiling another infiltration bid by militants along the Line of Control (LoC). [read story]
- Pak NSA arrives in India with an agenda of promoting friendship
New Delhi, Oct.11 : Pakistan National Security Advisor Mahmud Ali Durrani arrived here on Saturday on a five-day visit to India with an agenda focused on promoting friendship between the two countries. [read story]
- Zardari, Gilani meet, discuss counter-terrorism initiatives
Islamabad, Oct.11 : pakistan President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani met on Saturday and reportedly discussed matters relating to law and order, the military operation against insurgents in tribal areas, the President [read story]
|
|
 |
 |
|
|
