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US markets slip after eurozone turmoil NEW YORK: US stocks were lower in early trade Wednesday after markets in Asia and Europe sank amid a rise in turmoil in the eurozone. Thirty minutes into trade, the Dow Jones Industrial Average was down 3.42 points (0.03 percent) at 13,454.13. The S&P 500 lost 3.64 (0.25 percent) at 1,437.95, while the Nasdaq Composite shed 12.73 points (0.41 percent) at 3,105.00. "Some malevolent forces are rearing their ugly head again," said Patrick O'Hare at "In particular, worries about the eurozone are front and center as protests over austerity measures flare up in Spain and Greece. Meanwhile, the US equity market seems to be recoiling at the thought that central bank support might not be the saving grace many had hoped it would be." BlackBerry maker Research in Motion surged 4.9 percent after saying it had added two million new subscribers since June, holding on in its fight against rival smartphone makers. Yahoo! was little changed, ...

US stocks tumble after comments by Fed official NEW YORK: Federal Reserve official's doubts about the impact of the QE3 stimulus pulled the rug from under US stock markets on Tuesday, sending them lower after strong early gains. The Nasdaq tumbled as major tech stocks sank, with Apple falling 2.5 percent, Oracle 2.8 percent, Facebook 2.4 percent and eBay 2.6 percent. At the closing bell the Dow Jones Industrial Average was down 64.87 points (0.48 percent) at 13,494.05. The S&P 500 lost 15.12 (1.04 percent) at ...
S&P lowers eurozone growth forecasts  PARIS: The international ratings agency Standard and Poor's slashed its 2012-2013 eurozone growth forecasts on Tuesday, and now expects a slightly stronger economic contraction this year. S&P said that business activity would likely decline by 0.8 percent across the 17-nation bloc rather than by 0.7 percent, its previous forecast issued in July. For 2013, the ratings agency expects the eurozone economy to record no growth, revising the earlier outlook for a slight expansion of 0.3 percent. "Recent economic ...
Futures flat as Fed hopes offset Caterpillar  NEW YORK: US stock index futures were little changed on Tuesday as a pessimistic outlook from multinational manufacturer Caterpillar was offset by hopes the boost from central banks' stimulus will sustain economic growth and markets. Data on US home prices and consumer confidence scheduled for later on Tuesday could help give the market direction. Just minutes before markets closed on Monday, Caterpillar Inc cut its 2015 profit outlook, warning that weaker commodity prices would result in a ...
TSX falls as commodity prices hit resource shares  TORONTO: Canada's main equity index fell sharply on Monday, hurt by a drop in mining and energy companies as investor worries about signs of weak global growth pushed down commodity prices. Oil, gold and copper prices all fell after German economic data disappointed markets and Spanish and Greek debt worries flared anew in the euro zone. The Toronto index - almost half of which is focused on the extraction of natural resources - is now back at ...
Facebook tumble pulls markets down  NEW YORK: A sharp fall by Facebook and weakness in Apple's shares despite the strong iPhone 5 launch helped pull US markets lower Monday. But Google's push higher to a new record just above $750 a share limited the damage. The Nasdaq Composite closed down 19.18 points (0.60 percent) for the day to 3,160.78. The S&P 500-stock index closed 3.26 points lower (0.22 percent) at 1,456.89. The Dow Jones Industrial Average, which does not include any of the three ...
Facebook tumbles on negative comments  NEW YORK: Facebook shares plunged nearly 11 percent Monday after an influential markets publication said the stock is only worth $15. The shares dropped as low $20.36, sharply down from Friday's close of $22.86, before paring losses in afternoon trade. The fall came after Barron's, the markets-focused newspaper and website, published a story saying the world's largest online social networking company was still sharply overvalued despite trading at just over half of its initial price. "Facebook's 40 percent ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln