Korean conflict, European worries weigh on stocks
Legal World
Stocks fell Tuesday morning after North Korea and South Korea exchanged artillery fire near their disputed sea border, killing at least two South Korean marines. Treasury prices and the dollar rose as investors sought safe places to park money.
A weak reading on existing home sales for October also dragged stocks lower. Shares were also falling in Europe on concerns that a bailout of Ireland may not be enough to contain Europe's debt crisis. Borrowing costs for Portugal and Spain rose, leading Spain to trim the size of a debt sale.
The Dow Jones industrial average fell 135, or 1.2 percent, to 11,042 in morning trading.
The Standard & Poor's 500 lost 11, or 0.9 percent, to 1,186. The Nasdaq composite index fell 33, or 1.3 percent, to 2,499.
Hewlett-Packard Co. was the only one of the 30 stocks that make up the Dow Jones industrial average to rise. Shares gained 1.4 percent after the technology company beat Wall Street's expectations for revenue and income thanks to strong corporate spending.
Energy shares led the decline as the price of crude oil fell. Exxon Mobil Corp. was the biggest loser in the Dow, falling 2.6 percent. Chevron Corp. was not far behind with a loss of 2.5 percent. Crude oil fell 88 cents to $80.85.
Shares of Netflix Inc. rose 1 percent after the movie rental company announced a new pricing structure aimed at weaning customers off of DVDs. The company announced a cheap plan that offers movies and TV shows only through online streaming.
In economic news, sales of previously owned houses dipped 2.2 percent in October, according to the National Association of Realtors. That puts sales at a seasonally adjusted rate of 4.43 million units. Economists had expected a rate of 4.5 million.
Related listings
-
Indian Court Orders Vodafone To Deposit $554M
Legal World 11/15/2010India's Supreme Court ordered Vodafone to deposit 25 billion rupees ($554 million) within three weeks on its contested $2.5 billion tax bill, a company spokesman said Monday.The British telecoms company said it also would arrange a guarantee with an ...
-
Pessimism pervades as G20 leaders show sharp split
Legal World 11/11/2010A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies.The Group of 20 summ...
-
With Obama's visit, India displays new power
Legal World 11/09/2010For much of the last decade, New Delhi sold itself as "India Rising." Barack Obama's trip here delivered a new message: India has risen.During his three day visit that ended Tuesday, the U.S. president delivered nearly everything on India's wish list...
Is Now the Time to Really Call a Special Education Lawyer?
IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.
Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.
Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.