U.S. Indexes Plunge 4% on Growing Economic Worries


This post is by Darlington Musarurwa from 123Jump.com: Market News


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The S&P 500 and the Nasdaq dropped 4% in volatile trading after market pessimism grew and investors reacted to the loss of highest rating for the U.S. debt. European markets fell after G7 statement failed to provide more clarity and Germany resisted calls to increase the size of rescue fund.

U.S. Indexes in 8% Correction, Weak Labor Report; Kraft to Split


This post is by Darlington Musarurwa from 123Jump.com: Market News


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U.S. markets resumed their slide after weaker than expected jobs market report. The Dow, S&P 500 and the Nasdaq are now in correction with at least 8% decline in the last two weeks. Kraft Foods decided to split the company into two and General Motors reported its sixth quarterly profit in a row.

Merger Monday; RockTenn Acquires Smurfit-Stone for $3.5 B, Sara Lee in Play


This post is by Darlington Musarurwa from 123Jump.com: Market News


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U.S. indexes traded sideways as merger news dominate trading. RockTenn agreed to acquire Smurfit-Stone for $3.5 billion and Surgery Partners purchased NovaMed for $214 million. Halliburton net surges. Sara Lee Corp becomes the target of deals from private equity buyers.

U.S. Stocks Decline; Pfizer Acquires King Pharma for $3.6 Billion


This post is by Darlington Musarurwa from 123Jump.com: Market News


Click here to view on the original site: Original Post




U.S. stocks traded lower ahead of the minutes of FOMC meeting. Pfizer agreed to buy King Pharma for $3.6 billion. Chevron sold 23.44% Colonial Pipeline stake to the private equity group KKR. Dollar Tree agreed to buy Canada based Dollar Giant Store for more than $50 million.