| Source: CNBC staff and wire reports
Asian stock markets staged a comeback on Monday after Friday' steep losses, as worries about the potential negative impact of a Dubai debt default began to fade.
Friday, 27 Nov 2009 | Source: CNBC.com
Dubai debt default concerns rippled through world markets Friday but the exodus from equities and rush to the dollar slowed as investors discounted any broad crisis.
Friday, 27 Nov 2009 | Source: Reuters
Shares of U.S. casino companies fell on Friday amid concerns that a possible debt default at Dubai state-owned conglomerate Dubai World could derail a budding economic recovery that has seen investments by casinos in Las Vegas and emerging markets.
Stocks rallied at the beginning of the week, then sold off on Dubai worries Friday, leaving the Dow within 10 points of where it started the week.
"I would tell investors to sit tight and watch this play out," David Kotok of Cumberland Advisors told CNBC. "We raised a little cash before the holidays. Hopefully we'll get to employ it in the dip."
Friday, 27 Nov 2009 | Source: CNBC.com
Stocks pared their losses Friday, after a sharp drop at the open amid worries about Dubai defaulting on its debt.
The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.
Dubai's debt woes may serve as a catalyst for a correction in stock markets but it does not signal a new crisis, investment manager Mohammed El-Erian told CNBC.
Friday, 27 Nov 2009 | Source: CNBC.com
U.S. stock index futures pointed to a sharply lower open for a holiday-shortened session Friday, mirroring losses in European and Asian markets after Dubai announced the first step of restructuring some of its debt.
Friday, 27 Nov 2009 | Source: CNBC.com
Global stocks sold off sharply on Friday, with Asia's Kospi and Hang Seng indexes down over 4 percent, as concerns about contagion from Dubai's debt crisis curb investors' appetite for riskier assets.
Friday, 27 Nov 2009 | Source: The Associated Press
When Lori Fowlkes first saw robotic Zhu Zhu Pets toy hamsters in September, she remembers her kids started jumping up and down and saying "Please! Please! Can we buy them?" Seeing a fully stocked shelf, she decided to hold off until Christmas.
Friday, 27 Nov 2009 | Source: Reuters
Americans headed to stores in droves to kick off the holiday shopping season Friday, though many said they were being more selective about what they buy and paring back what they spend.
Friday, 27 Nov 2009 | Source: Reuters
Rising bank stocks led a broad rebound in European shares on Friday from the steep fall in the previous session triggered by concerns over Dubai's debt.
Friday, 27 Nov 2009 | Source: Reuters
ING priced a rights issue intended to raise 7.5 billion euros ($11.2 billion) at 4.24 euros per share, luring shareholders with a hefty discount of close to 40 percent as it looks to pay back state aid.
Friday, 27 Nov 2009 | Source: Reuters
Oil prices dropped more than 2 percent on Friday as fears of possible defaults in Dubai convulsed financial markets and boosted safe-haven demand for the U.S. dollar.
Posts |
TOPIC : Stock Market
27 Nov 2009
The challenge for stock investors is whether to pocket more of the year's gains or ride it out in hopes of a Santa Claus rally... Read More
27 Nov 2009
On a short holiday week where the Dow started off at a new 2009 high before losing ground Friday on concerns over Dubai's debt standing, the markets managed a mixed to flat performance for the week.... Read More
27 Nov 2009
Considering market declines could have been much worse on Friday, is Dubai only a blip on the radar? Or, is it the first ripple of a larger crisis?... Read More
27 Nov 2009
Posted By:CNBC Stock Blog
As global markets digest Dubai's debt announcement, investors are wondering: Is it time to dump equities? Don Bertrand, vice president of WealthTrust-Arizona, and Kelly Campbell, founder and principal of Campbell Wealth Management, offered their takes on the shifting market environment.... Read More
VIDEO | TOPIC : Stock Market
Insight on the developing story on Dubai's debt concerns, with Paul Homsy, Crescent Partners CEO; David Rosenberg, Glusk...
More insight on Dubai and the markets, with CNBC's John Harwood, David Faber & Michelle Caruso-Cabrera; Ken Grant, Water...
Preparing your portfolio for next week, with Alan Valdes, Kabrik Trading vice president and Doug Kreps, Fort Pitt Capita...
The best ways to play the space, with Evan Smith, U.S. Global Investors portfolio manager.
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