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Published: Tuesday 06 August, 2013

shoes online store shoes online store ?European turmoil leaves US stocks shoes online store down

US stocks mostly fell on Wednesday amid renewed anxiety over the eurozone as Cyprus moves to implement the EUIMF rescue plan.

The Dow Jones Industrial Average dropped 33.49 points 0.23 per cent to 14,526.16.

The broadbased S 500 declined 0.92 0.06 per cent to 1,562.85, while the techrich Nasdaq Composite Index eked out a gain of 4.04 0.12 per cent to 3,256.52.

Markets remained preoccupied by Europe, not only because of the Cyprus situation, but because of political instability in Italy, said Art Hogan of Lazard Capital Markets.

The Italian turmoil is the new concern that we have, and the comments out of Italy dont make people feel were going to have a solution any time soon, Hogan said.

It was a mixed day for leading technology equities. Apple gave up 2 per cent and Google dropped 1.2 per cent. But Oracle gained 1.3 per cent and Amazon added 1.9 per cent.

Biogen jumped 3.2 per cent after gaining Food and Drug Administration approval for a new drug to treat multiple sclerosis.

Walmart ended the day essentially flat after reporting that it anticipates unspecified losses related to the ongoing probe of corruption involving foreign subsidiaries.

Coal and iron ore producer Cliffs Natural Resources sank 13.9 per cent after shoes online store Credit Suisse reduced its price target, citing structural changes in a key iron ore market that will harm its pricing power and erode the earnings potential.

SAIC, a big contractor to the Pentagon and other government agencies, rose 3.9 per cent after announcing a special cash dividend.

Bond prices rose. The yield on the 10year Treasury dropped to 1.85 per cent from 1.91 per cent late on Tuesday, while the 30year dropped to 3.09 per cent from 3.13 per cent. Bond prices move inversely to yields. shoes online store