The primary indices in the U.S., as well as those in the eurozone, were
pressured lower to end the last trading session of the week. The DJIA , as well
as the Nasdaq and the S&P 500 finished the final session below break-even across
the board. The CAC 40, FTSE 100, and the DAX in Germany all closed the last
session red. Officially, the Dow Jones Industrial Average closed the last
session negative by 48.96 points and closed out at 12,422.06. The Nasdaq closed
negative by 14.03 points and final close mark posted at 2,710.67. The S&P 500
fell negative on the day by .49 percent to close out at 1,289.09. Investors were
on edge as they waited for the potential credit downgrades via Standard and
Poors rating scale. The downgrades eventually materialized for nine eurozone
nations and the indices dropped as a result. The negativity was observed earlier
in the last session as indicators found final day marks in negative territory in
the eurozone. Officially, the FTSE 100 in England finished the last session red
by .46 percent closing at 5,636.64. The CAC 40 in France closed out lower by .11
percent at 3,196.49. The DAX in Germany closed out lower by .58 percent to close
at 6,143.08. The credit downgrades across the eurozone nation came after a week
when leaders were attempting to promote progress regarding the debt crisis
resolution plan. The downgrades rattled the global marketplace and ultimately
spilled over into the U.S. At one point in the last session, the DJIA was down
over 100 points. It partially recovered as close approached, but individual
components still struggled. Primary losers on the day for the Dow 30 were Bank
of America Corp BAC, JPMorgan Chase and Co. JPM, and Intel Corp. INTC. BAC, JPM,
INTC: Bank of America BAC finished the last session lower by 2.65 percent at
6.61. Previous close for BAC was 6.79. JPMorgan Chase and Co JPM finished the
last session lower by 2.52 percent to close last trade at 35.92. Previous close
for JPM was 36.85. Intel Corp finished the last session lower by 2.37 percent at
25.14. Previous close for Intel Corp. was 25.75. Frank Matto
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