FinancialContent is the trusted provider of stock market information to the media industry.
November 16, 2011 at 17:57 PM EST
Fitch Warns Euro Debt Crisis May Impact US Banks
Fitch warned that the European debt crisis may negatively impact the domestic banking industry sending the markets tumbling to a sharply lower close with the Dow plummeting 190 points to 11,905 as crude oil prices spiked. Nasdaq plunged 46 points to 2639.
On the upside
Shandong Gold offered $1 billion to acquire Jaguar Mining (NYSE: JAG).
Eastman Kodak (NYSE: EK) shareholder Investment Partners Asset Management requested that the company a shareholder rights plan that was adopted on August 1, 2011.
On the downside
Morgan Stanley (NYSE: MS) will pay $3.3 million to settle allegations that its Morgan Stanley Investment Management unit improperly charged investors for advisory services that were never delivered.
Jefferies Group (NYSE: JEF) named Thomas O. Seitz to the position of Managing Director and Equity Research Analyst covering U. S. Telecommunications companies.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 13 to 729.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here