Roundup: U.S. stocks end mixed on contagious fears
Monday, November 22, 2021 5:22 PM

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NEW YORK, Nov. 22, 2010 (Xinhua News Agency) -- U.S. stocks ended mixed on Monday after Ireland formally requested a bailout as contagious fears were still lingering in the market.

The Dow Jones industrial average tumbled about 150 points in morning trading after an EU source said a total of 80 billion to 90 billion euros might not be enough to backstop Irish banks or stop similar runs on assets in heavily indebted countries.

Ireland, whose debt problems weighed on the market in past weeks, asked European Unions for loans during weekend, once giving a boost to the euro. However, enthusiasm about the deal soon melted away as investors once again focused on other stressed euro- zone countries, such as Spain and Portugal.

Meanwhile, financial stocks were under great pressure after FBI raided some investment firms, seeking documents related to hedge fund inside trading.

Goldman Sachs was one of the S&P 500's biggest losers, with shares tumbling 3.37 percent on a report over the weekend that investigators are looking at possible insider trading allegations tied to the firm's dealings in transactions including a health- care merger.

The Nasdaq composite managed to finish in positive area. Computer giant Hewlett-Packard (NYSE:HPQ) released its results for the fiscal fourth quarter ended October after the market closed, which topped Wall Street estimates.

HP said its net income totaled 2.54 billion dollars, a 5 percent year-on-year increase, in the latest quarter, benefitting from stronger corporate spending. HP's share closed up 1.79 percent and climbed higher in after hour trading.

Investors were awaiting a heavy batch of economic data due out on Tuesday and Wednesday in a holiday-shortened week, especially the revisions to earlier estimates of the third-quarter gross domestic product. The market was expecting the latest reading to be a little bit higher than the previous 2.0 percent.

As of Monday's close, the Dow Jones industrial average dropped 24.97 points, or 0.22 percent, to 11,178.58. The Standard & Poor's 500 index fell 1.89 points, or 0.16 percent, to 1,197.84. The Nasdaq was up 13.9 points, or 0.55 percent, to 2,532.02.

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  • Pakistan foils capital bomb plot; missiles kill 3 Nov 26, 2021 09:58 AM

    • ISLAMABAD - Police arrested two would-be suicide bombers planning to attack a mosque and a government building in Pakistan's capital Friday, as local officials said another suspected U.S. missile strike near the Afghan border killed three alleged insurgents.
    • The military has responded by launching offensives in the remote northwest where the insurgents are based, and the U.S. has increased its barrage of missile attacks on those strongholds out of reach of the Pakistani army.
    • Police officer Bin Yamin said the detained men were linked to the Pakistani Taliban in the South Waziristan region, where the army has been fighting the militants since last year.
      • NKorea warns region is on brink of war Nov 26, 2021 09:15 AM

        • YEONPYEONG ISLAND, South Korea - North Korea warned Friday that U.S.-South Korean plans for military maneuvers put the peninsula on the brink of war, and appeared to launch its own artillery drills within sight of an island it showered with a deadly barrage this week.
        • The fresh artillery blasts were especially defiant because they came as the U.S. commander in South Korea, Gen. Walter Sharp, toured the South Korean island to survey damage from Tuesday's hail of North Korean artillery fire that killed four people.
        • None of the latest rounds hit the South's territory, and U.S. military officials said Sharp did not even hear the concussions, though residents on other parts of the island panicked and ran back to the air raid shelters where they huddled earlier in the week as white smoke rose from North Korean territory.
          • Another US missile strike kills 3 in Pakistan Nov 26, 2021 08:56 AM

            • MIR ALI, Pakistan - Pakistani intelligence officials say a suspected U.S. missile strike has killed three alleged militants in the country's northwest.
            • It's the latest in a barrage of attacks by unmanned drones on the stronghold of Taliban fighters targeting American and NATO forces in Afghanistan.
            • The area is home to a mix of Afghan and Pakistani Taliban.
              • Officials pull out of CA bomb factory, cite danger Nov 26, 2021 08:49 AM

                • ESCONDIDO, Calif. - Explosives experts have pulled out of a northern San Diego County home with a large quantity of bomb-making materials because it's too dangerous.
                • The Sheriff's Department says "proactive operations on site have been suspended" and local, state and federal explosives experts are making plans to re-enter the home and remove hazardous materials.
                • Among other things, bomb technicians found what is believed to Pentaerythritol tetranitrate, or PETN, which was used in the 2001 airliner shoe-bombing attempt as well as in last month's airplane cargo bombs.
                  • All-night shop-a-thon: Black Friday draws crowds Nov 26, 2021 08:42 AM

                    • Bargain shoppers, braving rain or frigid weather, crowded the nation's stores and malls in the wee hours of the night to get their hands on deals from TVs to toys on Black Friday.
                    • In a bid to grab shoppers earlier on the traditional start to the holiday shopping season, a number of stores including Old Navy, Toys R Us and Sears opened on Thursday's Thanksgiving holiday.
                    • Toys R Us' 10 pm. opening at its flagship store in Times Square drew 1,500 shoppers, says CEO Jerry Storch.

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