Us Stocks Fall Amid Banking Concerns

NEW YORK (TheStreet) -- Takeaway food chain McDonald's (MCD_) reported comparable-sales growth of 3.1% in Can. U.S. and Europe comparable sales were up a.4% and 2.3%, respectively. Same-store sales rose 4.3% on the Asia/Pacific, Middle East and Africa.





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10 years ago this month Long-Term Capital Management hedge fund lost billions in a really short period of time. Shock Waves roiled relating to the worlds sector. Asian was imploding and Russia was defaulting. Then as these days there was a government-initiated Wall Street-funded bailout for LTCM.

The key difference concerned with the OTC and futures companies are the quantity of money you must put down. In the faster OTC spot market, investors can retreat with much less than as 1% of overall currency reward. In the futures forex market, the amounts are higher, more in the 5% to 10% multitude.

Recent comments from Street. Louis Fed President Bullard, however, have created some doubt about the Fed's option to quantitative easing ("QE2"). There isn't any that some Fed Governors are not completley obsessed about the quantitative easing in which was pushing the markets. So there is a few growing concern that today's Fed minutes release might convey more dissent among Fed members than current market has been accounting during. If so, there could regarded pickup in selling as afternoon.

Rising oil prices put weigh on consumer discretionary stocks which led the decliners of your day. The dollar fell 2.4% to 83.61 Japanese yen. The dollar index also hit its lowest level in eight months. Within the T & K Futures president Michael K. Smith, the dollar is lower and had been much money out there chasing the safe-havens of silver and gold.

Red Bank, N.J.-based home builder Hovnanian Enterprises(HOV_) reported a much wider loss for its fiscal second quarter v. last year as gross margins deteriorated and contract backlog waived.

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