The three major U.S. stock indexes fell on Jan. 20. At the close, the Dow Jones Industrial Average index closed at 11,822.80 points, down 2.49 points, or 0.02%; the Nasdaq composite index closed at 2704.29 points, down 21.07 points, or 0.77%; Standard & Poor's 500 index closed at 1280.26 points, down 1.66 points, or 0.13%.
Read from the disk, technology stocks, eBay rose 5.76%, Oracle rose 2.23%, Nokia was up 1.95%, AMD rose 1.13%, among the biggest gainers such as Hewlett-Packard rose 0.99%, down 6.40% Polycom, Amazon fell 2.63%, Dow down 2.50%, Akamai or 2.27%, 1.82% or so decline in Apple's top. Financial stocks, rose 4.58% Morgan Stanley, JP Morgan Chase rose 2.38%, up 2.35% Allstate, Visa, etc. up 2.27% among the biggest gainers; AIG fell 15.37%, Goldman Sachs fell 0.48%, down Hartford 0.36% 0.18% Metropolitan Life or other decline in the top.
News of the U.S. Labor Department data show that initial claims for unemployment benefits last week dropped significantly the number of 3.7 million, a decline far more than market expectations; U.S. existing home sales in December at 528 million units, exceeding analyst expectations; by significant increase in the promotion of asset management business, Morgan Stanley earnings in the fourth quarter rose 60%.
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