10:00PM Frankfurt, 4:00PM New York, 8:00AM Sydney – U.S. stocks fell as much as 1% after the wholesale inventories in December rose 1% signifying a recessionary trend. Broader indexes recovered but techs fell.

European Markets

In London FTSE 100 Index closed higher 59.90 or 1.05% to 5,724.10, in Paris CAC 40 Index decreased 14.15 or 0.30% to close at 4,709.65 and in Frankfurt DAX index higher 33.56 or 0.50% to close at 6,767.28. In Zurich trading SMI increased 26.94 or 0.36% to close at 7,446.95.

North American Markets indexes

Dow Jones Industrial Average lost 64.87 or 0.53% to a close of 12,182.13, S&P 500 closed down 5.61 or 0.42% to 1,331.30, and Nasdaq Composite Index traded up 11.82 or 0.52% to a close of 2,304.85.

In Toronto TSX Composite closed up 68.51 or 0.53% to close at 12,993.88.

Of the 30 stocks in Dow Jones Industrial Average, 9 closed higher, 21 closed lower, and none were unchanged.

American Express led the decliners in the index with a fall of 2.9% followed by losses in JP Morgan of 2.7%, in Citigroup of 2.58%, and in Merck of 2.4%. Hewlett Packard led the gainers in the index with a rise of 3.5% followed by increases in Alcoa of 2.4%, in McDonald’s of 2.3%, and in Disney of 1.4%.

Of the stocks in S&P 500, 176 closed higher, 322 fell, and 2 were unchanged. Of the index stocks, 71 rose more than 3% and 13 stocks fell more than 3%.

General growth Properties led the decliners in the index with a fall of 7.9% followed by losses in DR Horton of 6.2%, in Micron Technology of 6.1%, in Allergan of 6%, and in Kimco Realty of 5.7%. Cognizant led the gainers in the index with a rise of 17% followed by gains in Marathon of 6.5%, in E*Trade of 6.4%, in Monsanto of 5.96%, and in Embarq of 5.9%.


South American Markets Indexes

In Latin Markets Colombia led the gainers in the region with a rise of 2.69% followed by increases in Peru of 2.55%, in Brazil of 0.19%, in Mexico of 0.18%, and in Chile of 0.14%.

Argentina declined 0.92%.

Asian Markets

In Tokyo Nikkei 225 Index closed lower 189.91 or 1.44% to 13,017.24, in Australia ASX 200 index increased 61.30 or 1.10% to close 5,658.00. Markets in Hong Kong were closed today.

Thailand SET index closed higher 13.27 or 1.67% to 806.44. Sensex index in India decreased 62.00 or 0.35% to 17,464.89. Markets of South Korea and Indonesia were closed today.


Bond Yields decreased on 10-year U.S. bonds to 3.65% and on 30-year bonds fell to 4.43%.