Us Stocks Fall Amid Banking Concerns

Stocks struggled to a mixed finish on Monday, just days after the Dow rose above 11,000 for the first time since early May. That got a lot of media attention but while it is really just another number, and the one that has been crossed before, it gets attention. Many traders to be able to even whole numbers like that as 'century' numbers. Often breakouts are more potent when they occur over whole even numbers like 10.00 or 25.00 on the stock as well.



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But making use of U.S. economy mired in deep recession, Westfield, whose local malls include Old Orchard in Skokie and Westfield Fox Valley in Aurora, will focus on retaining its A-minus credit rating, that key to accessing debt markets through these credit-constrained weeks.

"It's a really number, nevertheless is a revision and there is even a sense that merely shows a factor that happened their past," Peter Cardillo, chief market economist at Avalon Partners, told MarketWatch.

Rising oil prices put weigh on consumer discretionary stocks which led the decliners during the day. The dollar fell 7.4% to 83.61 Japanese yen. The dollar index also hit its lowest level in eight months. According to T & K Futures president Michael K. Smith, the dollar is lower and has been much money out there chasing the safe-havens of silver and gold.

There are numerous questions they need to resolve, including, will our home town even allow us to have wind turbines on the property? What will the neighbors say?

"If we continue to obtain really strong economic numbers and bearish inflationary numbers along having a hawkish Fed, and as we see a tremendous correction overseas, then we could see a correction here," Ryan, Beck & Co's Suskind told MarketWatch.

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