Saudi Arabia finances 800-bed King Salman Hospital costing $135 million in Zambia    Maximum fine of SR100000 for intentionally blocking or obstructing public road    Saudi Arabia arrests 23,194 illegal residents in a week    Lulu opens its first store in Makkah    Kremlin denies plans for Ukrainian peace talks    UN official warns of freezing deaths among Gaza children    Germany to open first anti-Muslim racism reporting center    Al-Hamddan's heroics send Saudi Arabia into Gulf Cup semi-finals    Saudi Arabia strongly condemns burning of Gaza hospital by Israeli forces    Saudi-Turkish Military Committee discusses ways to enhance defense cooperation    Kuwait advances to semi-finals after thrilling draw with Qatar    Two die in Sydney to Hobart yacht race    Lulu Retail expands in Saudi Arabia with two new stores    Saudi Arabia to host Gulf Cup 27 in Riyadh in 2026    Celebrated Indian author MT Vasudevan Nair dies at 91    RCU launches women's football development project    Financial gain: Saudi Arabia's banking transformation is delivering a wealth of benefits, to the Kingdom and beyond    Blake Lively's claims put spotlight on 'hostile' Hollywood tactics    Five things everyone should know about smoking    Do cigarettes belong in a museum    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Wall street closing
Published in Saudi Press Agency on 09 - 02 - 2008

Stocks finished mixed on Friday, ending a difficult week, as continuing credit-market problems affected the financial sector and Amazon.com's stock-buyback plan boosted the technology sector.
Amazon.com on Friday said its board approved a plan to buy back $1 billion of the company's stock over the next two years. The online retailer also said it was establishing a program to buy back debt.
But the financial sector continued its recent weakness amid uncertainty about the impact of the credit-market crisis. Citigroup, J.P. Morgan, Lehman Brothers, Merrill Lynch, and Morgan Stanley all fell.
Light sweet crude oil for marc delivery jumped $3.66 to settle at $91.77 a barrel on the New York Mercantile Exchange.
The Dow Jones industrial average fell 64.87, or 0.5 percent, to 12,182.13. The decline was led by financial stocks. The broader Standard & Poor's 500 index fell 5.62, or 0.4 percent, to 1,331.29.
The technology-heavy Nasdaq composite index rose 11.82, or 0.5 percent, to 2,304.85. In addition to Amazon.com, whose shares rose 3 percent, other big gainers included Microsoft and Apple.
The New York Stock Exchange composite index fell 35.92 to 8,823.12. The American Stock Exchange composite index rose 22.62 to 2,229.96. And the Russell 2000 index fell 3.85 to 698.93.


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