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2% fall for US stocks, but up for October

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Published on: Tuesday, November 01, 2011

The Dow and S&P 500 dropped more than two per cent on Monday in the US.

The Dow lost 276.1 points, or 2.26 per cent, to 11,955.01.

The Nasdaq fell 52.74 points, or 1.93 per cent, to 2684.41.

The S&P 500 was 31.79 points, or 2.47 per cent, lower to 1253.3.

For the month of October, the Dow rose 9.6 per cent and the S&P 500 gained 10.8 per cent. 

The Institute for Supply Management – Chicago Business Barometer fell to 58.4, seasonally adjusted, in October from 60.4 in September

In news, MF Global filed for chapter 11 bankruptcy protection.

In earnings, Humana reported net income of US$444.8 million, or US$2.67 per share, compared with US$393.2 million, or US$2.32 per share, in the same quarter a year earlier. Shares rose US$4.54, or 5.65 per cent, to US$84.89.

Yesterday in Australia, the S&P/ASX 200 fell 55.2 points, or 1.27 per cent, to 4298.1 and the All Ords dropped 50.9 points, or 1.15 per cent, to 4360.5.

Oil this morning was at US$92.47 per barrel and gold was at US$1716.30 per ounce. The Australian dollar was buying 105.42 US cents, pence Sterling, 76.07 euro cents and 82.41 Japanese yen.


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