Stocks trim losses on dollar, commodities (Reuters)

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Oldest stars of cosmos detected

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BTRC shuts down RanksTel

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Stocks trim losses on dollar, commodities (Reuters)

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Admin on November 27, 2009 in Article - Comments: No Comments »

NEW YORK (Reuters) –
U.S. stocks pared losses on Friday as the U.S. dollar (.DXY) gave up earlier gains and global commodity prices regained ground, tempering concerns about a possible debt default at a Dubai state-owned conglomerate.

The Dow Jones industrial average (.DJI) dropped 113.59 points, or 1.09 percent, to 10,350.81. The Standard & Poor's 500 Index (.SPX) dropped 13.71 points, or 1.23 percent, to 1,096.92. The Nasdaq Composite Index (.IXIC) dropped 24.34 points, or 1.12 percent, to 2,151.71.

Earlier, major U.S. indexes dropped more than 2 percent.

U.S. front-month crude was down 3.2 percent, easing from a slide of more than 5 percent. The U.S. stock markets are on a shortened session following the U.S. Thanksgiving Day holiday. They will close at 1 p.m. EST. (1800 GMT)

(Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)

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