Wall Street Vs European Stock Exchange
Posted on March 9, 2010 by Shay Greenberg for Luckyroom.com
Wall Street opened its day slightly depressed as the strengthening of the dollar has put pressure on shares related to the goods sector. A few minutes after the start of trading, the Dow Jones [. DJI] industrial average declined by 0.2% to 10,536.19 points, Standard & Poor’s 500 by 0.3% to 1135.24 points and the Nasdaq [. IXIC] by 0.3% to 2326.11 points. Investors interest is expected to be attracted by the technology industry today, as Texas Instruments increased the minimum forecasts for earnings and revenues for the first quarter.
Across the Atlantic; the European stock exchanges have secured losses under the weight of the financial industry and mining. In contrast to the losses positive territory has been driven by the shares of food companies. At 11:05 GMT+2 , the pan-European FTSEurofirst 300 index fell by 0.6% to 1047.40 points. Yesterday it ended its day with a loss of 0.1% after rising for six consecutive meetings. Shares of Standard Chartered, HSBC, Barclays Lloyds, Royal Bank of Scotland, BNP Paribas Societe Generale and Bank of Ireland recorded losses from 0.9% to 1.8%.
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