Asian Markets are set to open flat after US stocks ended mixed. The Dow Jones Industrial Average, which measures the US 30 biggest stocks closed slightly higher, while the broader S&P500 index and Nasdaq both Closed slightly lower.
The Dow Jones Industrial Average gained 25.43 points, or 0.22%, to 11796.16, after dropping nearly 400 points over the previous two sessions combined. The blue-chip measure finished the week down 2.9%, its worst weekly decline since Sept. 23. It is down 4.1% this month.
The Standard & Poor's 500-stock index was down 0.48 point, or 0.04%, to 1215.65, and fell 3.8% for the week. Utility and financial stocks rose, while technology and energy stocks fell. The technology-oriented Nasdaq Composite fell 15.49 points, or 0.60%, to 2572.50. It dropped 4% for the week.
The EURUSD rose as a scarcity of negative news helped stabilize the currency. The Euro traded as high as 1.3522 well from its earlier day lows of 1.3456 and was driven by speculation that the European Central Bank and International Monetary Fund might find a way to collaborate in order to backstop Italy.
WTI Oil fell kept below the $100/barrel mark; Prices remained weak despite the mixed returns on the Stockmarket. Nymex crude last traded at $97.67.
Gold stabilized after Thursdays drop, prices last traded at $1723/ounce.
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