The European Debt Crisis Continues To Spread &Nbsp; &Nbsp; The Dow Closed 0.85% Lower On Friday.

As of 1:00 pm Eastern time, Dow Jones industrial average Down 95.28 points. Decline From 0.85% to 11092, the Nasdaq composite index fell 8.56 points, or 0.34%, to 2534.56 points; the standard & Poor's 500 index fell 8.95 points, or 0.75%, to 1189.40 points.

　　 European debt crisis The Dow continued to gain a low revenue of 0.85% on Friday.

Although the US "black Friday" sales situation has improved, Ireland's aid and EU commitments failed to dispel investors' concerns about the escalation of the European debt crisis. The tension on the Korean Peninsula also hit market confidence. Under the multiple bad margins, the US stock market went down on Friday, and the Dow ended down 95.28 points, or 0.85%.

On the disk side, the energy and raw materials sector led, and the financial and pharmaceutical sectors took the lead. In terms of stocks, American Express increased 1.37%, JP Morgan fell 0.57%, Chevron fell 0.99%, CISCO -T rose 0.41%, WAL-MART fell 0.5%, best buy fell 0.13%, Rio Tinto fell 1.41%, free port fell 2.63%, Ford rose 1.07%, CPI International rose 33.38%.

European debt worries dragged down the European stock market. On Friday, the pan European Dow Jones index closed down 266.60 points, or 0.42%. The index has fallen 1.1% this week.

On Friday, western Portugal and Portugal could go down in Ireland, causing oil prices to suffer. The main crude oil contract fell 10 cents to $83.76 a barrel, or 0.1%. The escalation of the European debt crisis has led investors to hedge against the risk of buying dollars. Gold prices fell $10.60, or 0.8%, at $1362.40 an ounce.

Friday's risk aversion pushed the US dollar higher. By the end of the foreign exchange market, the US dollar index of six major currencies was reported at 80.38 points, or 0.65%. The US dollar closed against Japanese yen at 84.10 yen, up 0.59%; the euro fell to 0.85% against the US dollar at 1.3242 US dollars; the US dollar rose to 1.077% against the won and 1153.95 in the Korean won; the pound fell to 0.95% against the US dollar at 1.5614 US dollars; the US dollar rose to 0.14% in the Swiss franc against 1.0017 Swiss francs.

　　 economic data

No important economic data are released today.

　　 Company news

Mining giant Rio Tinto announced Friday that it plans to increase capital expenditure by three times to 11 billion dollars next year, and hopes to increase iron ore production by more than 50% in the next five years. The company also announced an additional $2 billion investment in the next 3 years to expand the existing copper mining business.

Deutsche Bank announced on Friday that it has successfully acquired 21.48% stake in Deutsche Post Bank, which has become the controlling shareholder of Deutsche Post Bank. The total purchase of 47 million Deutsche shares is priced at 25 euros per share, after Deutsche Bank owns 29.95% of the latter.

Veritas Capital announced on Friday that it successfully purchased CPI International at a price of $19.5 per share, with a total transaction value of $525 million. According to the closing price of CPI common stock in November 24, 2010, the premium was 35%.

Affected by the large-scale recall, TOYOTA motor's global automotive output in October dropped by 12.5% to 687660 vehicles, while its output in China increased 4.4% to 62124 in October, setting a new record in October for automobile production in October.

Standard & Poor's announced on Friday that the European Union and IMF's aid program for Ireland is likely to require some senior bond holders to accept some losses, so it has decided to lower the ratings of several Irish banks. Among them, Anglo Irish Bank rating was downgraded six to B (junk level), after Anglo Irish Bank junior bondholders have been forced to accept bond investment loss of 80% to 95% reality.