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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Oct 26, 2011

Page

5

Stocks Fall As Europe Debt Deal Hopes Falter

New York stocks closed sharply lower as disappointing earnings and a canceled meeting of European ministers dampened risk appetite. The Dow fell 207 points to 11,706.62, the S&P 500 slipped 25.14 to 1,229.05, and the Nasdaq dropped 61.02 to 2,638.42 amid weak consumer confidence data and warnings from 3M and U.S. Steel. Netflix skidded 35 percent after lowering its profit forecast and subscriber losses following a July price hike. Amazon tumbled 17 percent after earnings missed forecasts. Gold and U.S. government debt gained as safe havens.]]

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Bad economic mood hits before holidays

Americans report their worst mood about the economy since the Great Recession as October consumer confidence falls to 39.8 and households brace for tighter budgets ahead of Christmas. The Conference Board notes spending may lag despite fear of income cuts and a fragile recovery.

New York Conference Board U.S Jacob Oubina RBC Capital Markets

Stock Market Snapshot Stocks From New York Market

NYSE listed stocks and prices show mixed moves with AT&T, Caterpillar, ExxonMobil, General Electric and Coca-Cola among notable results. Major indices and various ETFs reflected small gains and losses as traders scanned corporate reports and sector signals.

Also Mentioned on This Page

Europe Anne D'Innocenzio Christopher S. Rugaber THE Culver City Calif Yokohama Tires Yokohama Valvoline Anna E. Vienna St Carbondale E. Main Forever Michelin Bfgoodrich Cae S Gy Dick Cepek Wright the Marion Enterprise Way Murphysboro Plaza Tire Service
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