India launches missile strikes in Pakistan-administered territory, killing at least 8    Carney rebuffs Trump's statehood remark: 'Canada is not for sale — ever'    Crown Prince receives message from head of Bangladesh government    First group of Hajj pilgrims from China lands in Madinah    2 arrested in Riyadh for attempting to facilitate visit visa to perform Hajj illegally    MHRSD plans to introduce mandatory occupational fitness testing for employees under certain occasions    Bruno Wehbe: Westfield partnership will transform Cenomi malls into world-class lifestyle destinations    MrBeast to bring exclusive experiences and challenges to Riyadh Season    Farabi and Richful to build first full-scale lubricant additive complex in Saudi Arabia    Arcapita expands US private equity portfolio with the acquisition of Trustpoint    Israel vows to escalate war with new plan to 'conquer' Gaza    Nissan Formula E Team's stellar performance at Monaco E-Prix, securing a win, a second place and a pole position    Rihanna reveals third pregnancy at the Met Gala    'Saudi Film Nights' launched in Mexico to spotlight national cinema    Saudi opera talents complete 18-month elite training in Milan and Rome    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Ukraine drone attack shuts Moscow airports, says Russia    Abu Omar secures spot at Team Falcons x Fatal Fury: Road to Pro tournament    Firmino named AFC Champions League Elite MVP after inspiring Al Ahli's title run    Al Hilal's Salem Al Dawsari clinches AFC Champions League Elite top scorer award    Prince Harry calls for reconciliation after losing UK security appeal    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Wall street closing
Published in Saudi Press Agency on 03 - 09 - 2008

U.S. stocks finished mixed on Wednesday, with investors taking little comfort from figures showing a rise in manufactured product orders and instead waiting to see what Friday's employment report will stay about the still-struggling U.S. economy.
The U.S. Commerce Department reported that orders for manufactured products rose by 1.3 percent in July, much more than the 0.8 percent predicted by economists. But the news got a lukewarm reception from Wall Street, where it was regarded as old news, particularly compared with more recent slow August auto sales and a Federal Reserve report describing weak economic activity throughout the nation.
On inflation, the markets are feeling slightly more confident as commodity prices continue to drop. Oil briefly fell below $108 a barrel as the dollar strengthened and Hurricane Gustav appeared to leave oil installations in the Gulf of Mexico mostly undamaged.
According to preliminary calculations, the Dow Jones industrial average rose 15.96, or 0.14 percent, to 11,532.88, after a session that saw it rise as must as 37 points and fall by 100.
Broader stock indicators slipped. The Standard & Poor's 500 index fell 2.60, or 0.20 percent, to 1,274.98, and the Nasdaq composite index fell 15.51, or 0.66 percent, to 2,333.73.
The Russell 2000 index of smaller companies rose 3.40, or 0.46 percent, to 741.91.
The New York Stock Exchange composite fell by 27.72 to close at 8,269.25, while the American Stock Exchange composite fell 37.82 to 1,988.42.
The price of a barrel of light, sweet crude oil for October delivery fell 36 cents to $109.35.


Clic here to read the story from its source.