U.S. stocks fell Wednesday after the Federal Reserve extended its stimulus program known as “Operation Twist”, but refrained from announcing more aggressive bond buying policy. The extension of the program is to keep the U.S. economic recovery from stalling, as economic conditions in the United States have deteriorated, with slower than expected job creation weighing on consumer sentiment.
The DJ30 closed at 12,824.39, dropping -12.94 points (-0.10%), the SPX500 closed at 1,355.69, falling -2.29 points (-0.17%) and the Nasdaq closed at 2,930.45, gaining 2.50 points (+0.02%) in today’s trading.
On the other hand E.U. stocks gained as a coalition government in Greece has been formed and Europe’s leaders are making progress on a long-term plan to resolve the continent’s debt crisis. The aim is to launch a concrete plan to integrate the region’s banking sectors at a summit next week with a goal of finalizing a broad agreement by December.
The CAC40 closed at 3,126.52 gaining 8.6 points (+0.28%), FTSE100 closed at 5,622.29, gaining 36 points (+0.64 %) and DAX40 closed at 6,392.13, gaining 28.77 points (+0.45%).
Microsoft Corp. (MSFT), the world’s largest software maker, will release a new version of the Windows Phone program in handsets this fall, part of a broad effort to gain ground against Apple Inc. (AAPL) and Google Inc. (GOOG) in mobile devices.
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