Stock indices in the U.S. grasped at higher ground for a brief moment during
the last trading session of the week but when close officially came, investors
observed little for which to be thankful. The primary indices in the U.S. once
again finished in the red. The Dow Jones, Nasdaq, and S&P 500 closed on the
negative side of break-even Friday. Noteworthy global headlines last session
pertained to the borrowing costs in Italy which were skyrocketing. Rates
surpassed 7 percent again and induced bailout fears. Italys debt is over twice
its GDP and this facts leads most to believe that one of the largest economies
in the eurozone is heading for major turmoil. The negative weight stemming from
these fears helped to push the U.S. indices lower. The week overall in the U.S.
was a complete loser. Officially, the Dow Jones Industrial Average closed out
the last session red by .23 percent at 11,231.78. The Nasdaq finished off the
day lower by .75 percent at 2,441.51 and the S&P 500 closed out lower by .27
percent at 1,158.67. The dollar gained versus the euro, British pound, and
Japanese yen. Oil price per barrel closed higher by 40 cents at 96.57 and gold
futures for December delivery closed higher by 10.10 at 1685.70 per ounce. Frank
Matto
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