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Image via WikipediaMake Money Blog$; Wahyu. Daniel - detikFinanceJakarta - Share prices on Wall Street U.S. newspapers fall in linewith decline in profitability in the retail sector and decline inGreece's debt ratings.
In trading Friday (5/20/2011), the Dow Jones fell 93.28 points(0.74%) to the level 12512.04. While the S & P 500 index fell 10.33points (0.77%) to a level of 1333.27. Then the Nasdaq index alsofell 19.99 points (0.71%) to a level of 2803.32.
"The shares ended the week with a decline because poenurunandata from retail sales. And then also with the concerns about the debt crisis in Europe,"said analysts at Charles Schwab as quoted by AFP on Saturday (21/05/2011).
Negative sentiment towards the debt crisis in Europe increasedwhen the company re-rating agency Fitch downgraded Greece's debt as much as 3 levels.
In trading yesterday, shares of retailers like Gap downloaded17.5% to U.S. $ 19.22 per share following a decline in profit by23% in the first quarter of 2011. Similarly, for the shares of otherretail companies such as Aeropostale, and publisher of the bookBarnes & Noble.
(dnl / dnl)
source: detik.com
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