Saudi Arabia elected chair of Asia region of World Meteorological Organization    Riyadh Pavilion opens at Buenos Aires Book Fair 2025    Saudi Crown Prince meets Jordan's King Abdullah in Jeddah    Riyadh Sports Boulevard attracted nearly 1 million visitors since opening of first phase    Peace remains the strategic choice for Middle East: Al-Khereiji    Saudi Arabia condemns terrorist attack in Jammu and Kashmir    Top US officials pull out of Russia-Ukraine ceasefire talks in London    Saudi Media Regulation Authority to take legal action against unregistered media practitioners    Musk to reduce Doge role after Tesla profits plunge    KAMC Makkah implements first remote cochlear implant adjustment technology in Middle East, Africa    Trump says he has 'no intention of firing' Fed boss    IMF lowers its growth forecast for Saudi economy to 3% in 2025    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Average life expectancy in Saudi Arabia rises to78.8 years    Super Max Verstappen scorches to pole with record lap in Jeddah    Film Commission launches 'Cinema' initiative to enhance content    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    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 08 - 06 - 2011

U.S. stocks finished lower on Tuesday, after comments from Federal Reserve (Fed) chairman Ben Bernanke left investors hoping that the central bank would provide additional economic stimulus.
In world markets, European stocks ended higher, led by the DAX in Germany rising 0.6 percent. Asian markets ended mixed, as the Nikkei in Japan rose 0.7 percent and the Hang Seng in Hong Kong fell 0.4 percent.
In U.S. economic news, Bernanke reiterated that the central bank's $600 billion stimulus will end later this month. He also said that interest rates are likely to remain "exceptionally low" for an extended period, and did not dismiss the idea of further easing.
Meanwhile, U.S. jobs openings fell in April as private-sector hiring slowed, the Labor Department reported. There were 3.97 million open positions in April, down from 4.07 million in March, according to the Labor Department's Job Openings and Labor Turnover Survey (JOLTS). The hiring rate fell to 3.0 percent from 3.1 percent.
In U.S. Company news, Ford Motors plans to increase worldwide production 50 percent by 2015, to 8 million vehicles a year. Ford plans to increase production on small vehicles and focus on emerging markets. Shares of the automaker rose about 1 percent.
The U.S. dollar fell versus the euro but rose versus the yen. Light sweet crude oil for July delivery fell 75 cents to $98.29 a barrel on the New York Mercantile Exchange. Gold futures fell $3.80 to $1,543.20 an ounce.
The Dow Jones industrial average fell 19.15, or 0.2 percent, to 12,070.81. The broader Standard & Poor's 500 index fell 1.23, or 0.1 percent, to 1,284.94. The technology-heavy Nasdaq composite index fell 1.0, or 0.04 percent, to 2,701.56.


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