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Showing posts with the label ADVFN III World Daily Markets Bulletin (December 21

ADVFN III World Daily Markets Bulletin (December 21, 2012).

ADVFN I I I World Daily Markets Bulletin   Daily world financial news Friday, 21 December 2012 US Market Stocks Sell Off At The Open Amid Fiscal Cliff Worries Stocks moved sharply lower at the start of trading on Friday amid renewed concerns about the looming fiscal cliff. The major averages showed notable moves to the downside, more than offsetting the modest gains posted in the previous session. The major averages have recently bounced off their lows for the young session but remain firmly negative. The Dow is down 123.44 points or 0.9 percent at 13,188.28, the Nasdaq is down 44.14 points or 1.5 percent at 3,006.25 and the S&P 500 is down 14.65 points or 1 percent at 1,429.04. The sell-off at the open came after House Speaker John Boehner, R-Ohio , scrapped plans to hold a House vote on his "Plan B" legislation due to a lack of support among members of his own party. The legislation would have extended the Bush-era tax cuts for peopl