Al Hilal move top of Saudi Pro League with 2-0 win over Damac    Saudi, Canadian foreign ministers review bilateral ties in phone call    Minister Al-Rajhi, HRC chief sign MoU to promote workers' rights    King Salman and Crown Prince direct to intensify relief work to ease the grim situation in Gaza    OPEC+ agrees to maintain oil output steady    Saudi Aramco to introduce new 98-octane gasoline in early 2026    Jeddah airport handles 53.4 million passengers in a year    Saudi Arabia approves $57.9 billion borrowing plan for 2026    How the US captured Venezuela's President Nicolás Maduro    Yemeni government forces enter Mukalla after STC withdrawal    Police identify 16 more victims of deadly Swiss ski resort fire    UK open to closer EU single market alignment if in national interest, Starmer says    Saudi Arabia mandates 70% localization of procurement jobs in private sector    Ivan Toney ends Al Nassr's unbeaten run as Al Ahli win thriller 3-2    Saudi women post highest-ever medal haul at regional tournament in 2025    Al Hilal close gap on leaders Al Nassr with 3-1 win over Al Kholood    Skip the fads: What health experts say actually works as 2026 begins    Pioneering treatment reverses incurable blood cancer in some patients    Maestro unveils 3 new flavors in collaboration with Netflix    HONOR and Rotana Music Group announce Strategic Partnership, capturing unrepeatable moments at "Mohamed Abdo Sha'biyat Night"    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    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.