Fighting Sports

Fighting Sports

Indexes still negative in the world

23 January 2007 11:27 (UTC +04:00)

A sharp jump in oil prices and ongoing concerns about technology stocks led jittery investors to pull money out of the market.
Markets across Europe are expected to reveal stable trading Tuesday morning, taking cues from a negative close on Wall Street overnight as well as mixed sentiment in Asia-Pacific. Corporate results are in abundance to kindle trading action for the day, the APA reports.
European markets fell on Monday as sentiment was hurt by a surge in oil prices. The U.K.â€™s FTSE 100 index dropped 0.30% to 6,218.40, while Franceâ€™s CAC 40 index slipped 0.62% to 5,579.78 and Germanyâ€™s DAX index dropped 0.89% to 6,687.31.
On Wall Street, markets saw significant weakness on Monday, with the major averages all closing firmly in negative territory. While early strength in the price of oil generated some negative sentiment, stocks saw continued weakness despite a downturn by the price of oil.
After showing notable declines in morning trading, the major averages moved roughly sideways over the course of the afternoon. The Dow Jones Industrial Average closed down 88.37 at 12,477.16, the NASDAQ closed down 20.24 at 2,431.07 and the S&P 500 closed down 7.55 at 1,422.95.
Shares of Chicago-based Boeing dropped $3.13, or 3.5 percent of $85.50, Dell dropped 53 cents, or 2.1 percent, to $24.49, Apple fell 1.93%. /APA/