Sunday, November 28, 2010

Black Friday Ends Red for Stocks as Portugal Looms

The Dow dropped almost 100 points black Friday and fell into the red.

The NYSE had their own Black Friday where many stocks were available for purchase but there weren't interested buyers.

Nearly every Dow stock went down but the Nasdaq Composite did better with stocks such as Apple and Adobe.

The Euro also fell another .87% when a German newspaper announced that the EU wants Portugal to accept a bailout. However, the cost to insure Portugal's bonds are on the rise.

Also falling were crude oil and gold. This is said to be a result of risk aversion of the possible war between the Koreas.

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