Thousands march on streets of Brussels demanding permanent ceasefire in Gaza    Impeached South Korean president charged with insurrection    Three children drown every day in India's wetlands, but mothers are fighting back    Saudi Film Commission Joins Asian Film Commissions Network (AFCNet)    Bird feathers found in engines of crashed Jeju Air jet    105th batch of King Faisal Air Academy students graduated    HADAF supports employment of 437,000 Saudis in private sector in 2024    Probe ordered into power outage in southern regions as electricity service fully restored to all consumers    'National History Lab' launched in Riyadh to preserve and innovate Saudi history    Saudi Permanent Representative Dr. Al-Tokhais presents credentials to UNESCO Chief    Education sector commercial records grow by 22% in 2024    Hans Zimmer delivers a spectacular musical night at Riyadh Season    Saudi Arabia to host regular World Economic Forum global meeting starting 2026    Trump shrugs off Elon Musk's criticism of AI announcement    Injured Djokovic booed off after quitting semi-final    Why do athletes earn such high incomes?    Julian Quinones' brace secures Al Qadsiah's 2-0 win over Al Orobah    Al Ittihad defeats Al Shabab 2-1 to stay in title race with Al Hilal    Tina Turner's lost Private Dancer song rediscovered    Comeback queens, blockbusters and Succession stars: The Oscar nominations previewed    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    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    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Wall Street Closing
Published in Saudi Press Agency on 28 - 09 - 2010

Stocks fell on Monday, reversing strong gains from the previous week, as investors considered recent mergers and acquisitions.
Economic readings are convincing investors that the economic recovery is gaining ground, sending U.S. stocks soaring to their highest levels in four months Friday. Stocks are expected to end September with the biggest monthly gains in over a year.
But investors worry that the health of global financial institutions remains a concern, especially with the U.S. government's seizure of three credit unions on Friday. High unemployment, low home prices, and the government's large budget deficit are other issues of concern to investors.
In company news, Southwest Airlines announced a $1.4 billion offer for AirTran Holdings (AAI), the parent company of AirTran Airways. The bid amounts to a 69 percent premium above AirTran's Friday closing stock price. The announcement sent AirTran stock up 61 percent. Shares of Southwest rose 10 percent.
--MORE


Clic here to read the story from its source.