Web Design Directory

  w   w   w   .   d   e   s   i   g   n   d   i   r   .   n   e   t
An industry leading web design, hosting and development directory. We bring together the best web designers and their customers. Find the lates website business news and updates.
Search DesingnDIR
Advertising | Submit Site »
   » Home Page / Industry News  
  Find Services Provider       Technology Stories        WebSite Services   
Indexes sell off on economic growth concerns

2006-12-22 13:21:00

U.S. stocks dropped on Friday as concerns about slowing economic growth persisted, causing investors to sell shares of bellwether companies such as plane maker Boeing Co. and putting all three major indexes on course to end the week lower.

Recent weakness in prices of commodities such as copper, which are seen as indicators of economic growth, added to negative sentiment on the economic outlook, traders said.

The Standard & Poor's 500 index was headed for its biggest weekly drop since July. The Dow Jones industrials and the Nasdaq, meanwhile, were set to snap a two-week winning streak.

"My sense is that people are concerned about a slowing economy and that's why you're seeing this decline in the market," said Stephen Massocca, co-chief executive at San Francisco-based investment bank Pacific Growth Equities.

The Dow Jones industrial average was down 70.42 points, or 0.57 percent, at 12,350.83. The Standard & Poor's 500 Index was down 6.88 points, or 0.49 percent, at 1,411.42. The Nasdaq Composite Index was down 12.96 points, or 0.54 percent, at 2,402.89.

Boeing shares were among those leading declines in thin trading, with many traders heading out for the Christmas long weekend. Boeing dropped 1.6 percent to $88.50.

The stock was the biggest drag on the Dow. Shares of chemical maker DuPont dropped 1.3 percent to $48.36.

Before the bell, the Commerce Department reported that core prices, excluding volatile food and energy costs, were flat in November after rising 0.2 percent in October, bolstering expectations that the Federal Reserve could have room to cut interest rates next year.

The report followed a Thursday report that showed the U.S. economy in the third quarter grew at a slower rate than earlier estimated, sparking concern that economic growth may be slowing faster than expected.

Sedo Selects Nomer.com as Brazilian Strategic Partner
Provides users access to over 6 million registered domain names that are for sale.
Carpathia to Provide Dedicated Hosting for NVTC
Includes virtual dedicated servers, continuous customer support, 100 percent application uptime and availability and the control panel.
InfoStreet Collaborates with Register.com
Partners with the registrar to offer domain registration in addtion to other services in its software suite.
SourceSentry Selects Rackspace for SaaS Solution
Obtains the Software as a Service (SaaS) management and infrastructure services for its OneComply software solution delivered as an On Demand model.
Cleversafe Announces Dispersed Storage Provider Program
Members of the program will contribute storage servers and bandwidth for a test grid of dispersed storage providers around the world.
Easily.co.uk Adopts Talisma's Services
Enhances online service for its 170,000 customers, by offering a self-service channel and improved email and chat support.
EstDomains Launches Reseller Program
Offers .com domains for $5.99 or even $5.75 when orders exceed $500; announces discounted price of $0.99 on .info and .org till June 2007.
Red Hat looks to entice developers
Red Hat and Exadel are joining forces to try to make the open source Red Hat platform more of a destination for software developers.
SugarCRM expands into Europe
SugarCRM Inc., an open-source customer relationship management (CRM) vendor, has opened a new office in Dublin to help extend its European presence.
BEA flies Eclipse flag
Casting the open-source Eclipse platform as a linchpin of product uniformity efforts, BEA Systems plans to reconfigure several middleware clients so they can be plugged into the Eclipse IDE, a company official said on Monday.


   
» Web Hosting Interviews
Web Hosting interviews, news and reviews. Compare the Best web hosting providers.
» Daw - Web Hosting Blog
Views and Comments about Hosting Industry. News, Trends, Products and Sevices.
» Your WebSite Here
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371


» Submit your site to Web Design Directory

About Us | Advertising | Privacy | Terms Of Use | Contact Us

© DesignDIR.net 2003 - 2017, part of of Business Address Network. All Rights Reserved!