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...The blue-chip S&P 500 index fell 1.1 per cent on Friday, pushing it down 3.3 per cent for the week. The S&P 500 and Nasdaq have declined for three weeks in a row....
...“We are underinvesting as an industry around the globe,” said Rick Muncrief, chief executive of Devon Energy, one of the largest US shale producers....
...It’s one reason why US oil and gas stocks have outperformed all other sectors in the S&P this year....
...The S&P financial sector gained 1.1 per cent....
...Vera Bradley, the US women’s designer company, dropped 11.7 per cent to $23.14 as it lowered its full-year sales outlook....
...The S&P 500 moved 0.6 per cent higher to 1,405.82....
...Currently, Mr Obama has 65 and Mr Romney trails with 40. 20.06: A big round of results have just landed....
...Oracle ended the week down 10.8 per cent to $26.06 after revenues rose just 2 per cent to $8.8bn in the three months to the end of November compared with the 7 per cent growth that had been forecast, as...
...“There is growing talk about deflation, which gained momentum after the Fed changed its policy statement last week,” says Rick Klingman, managing director at BNP Paribas....
...“A lot of investors were caught out,” says Rick Klingman, managing director at BNP Paribas....
...The sharp sell-off took the S&P financials index 19.8 per cent below a high hit last month....
...By the close, the S&P 500 was up 0.6 per cent to 1,129.28, the Nasdaq Composite rose 0.7 per cent to 1,921.06 and the Dow Jones Industrial Average gained 0.4 per cent to 10,245.01....
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