Back to: Other
November 18, 2011 05:55 AM

Friday Morning Business Brief


Stocks got hit with a wave of selling in the latest session, keeping Wall Street on track for a weekly decline. The Dow fell 135 points, or 1.1 percent, to 11,771. The S&P fell 21 points, while the Nasdaq shed 52 points. Futures trading suggests a flat opening this morning.
  • International stock markets slumped today as investors signaled they held little optimism of any breakthrough in Europe's debt crisis and a report showed new house prices in China cooled last month. Crude oil rose above $99 a barrel.
  • While investors' focus remains on Europe's problems, a key data point in the U.S. will be released today. The Conference Board's leading indicators are expected to show a strong gain.
  • The 12-member deficit reduction supercommittee is still limping toward a Thanksgiving deadline with no tangible evidence of a potential breakthrough -- but they have resumed meeting face-to-face. A handful of panel members met yesterday evening in hopes of salvaging the talks as times runs out.
  • Italy's new leader faces the second of two confidence votes today for his new government's efforts to guide the country out of its financial crisis. Greece's new prime minister is chairing a cabinet meeting on an austerity budget for next year. And the German and British leaders are to meet about the larger Eurozone debt crisis.
431 Views
Sponsored

Keloland Live Doppler

Sioux Falls, SD - Change
Sponsored
Sponsored