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ZLBT's Financial World Tour
U.S. stocks tumbled on Friday, April 30 to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.
The Dow Jones industrial average .DJI fell 158.71 points, or 1.42 percent, to 11,008.61. The Standard & Poor's 500 Index .SPX lost 20.09 points, or 1.66 percent, to 1,186.69. The Nasdaq Composite Index .IXIC dropped 50.73 points, or 2.02 percent, to 2,461.19.
This week's losses, which took place against a backdrop of growing concerns over the potential for sovereign debt defaults in Greece, Spain and Portugal, cut short eight weeks of gains for the Dow industrials and the Nasdaq.
For the week, the Dow fell 1.2 percent, the S&P 500 lost 2.5 percent, and the Nasdaq dropped 2.7 percent.
This week's losses, which took place against a backdrop of growing concerns over the potential for sovereign debt defaults in Greece, Spain and Portugal, cut short eight weeks of gains for the Dow industrials and the Nasdaq.
For the week, the Dow fell 1.2 percent, the S&P 500 lost 2.5 percent, and the Nasdaq dropped 2.7 percent.
The week was the worst since the week ending Jan. 24.
Goldman shares hit 9-month low ahead of criminal probe
Federal prosecutors in New York have begun investigating Goldman Sachs Group Inc, raising the possibility of criminal charges against the company or its employees, a source familiar with the situation said on Thursday.
Goldman, the world's most powerful investment bank, said it was not surprised at the news.
Goldman, the world's most powerful investment bank, said it was not surprised at the news.
Shares of Goldman Sachs Group Inc slumped 9.4 percent on Friday
Bursa Malaysia Rallies; FBM KLCI Broke Resistance With Low Volume Surge
Blue chips topped the winners list on foreign buying, propelling the key index up 10.52 points to 1,346.38 yesterday.
On a Friday-to-Friday basis, the FBM KLCI advanced 9.6 points, or 0.7% to 1,346.38 yesterday, against 1,336.78 on Apr 23.
Total turnover for the regular week stood at 4.394 billion shares worth RM5.712bil, compared with 4.137 billion units valued at RM5.854bil traded previously.
Total turnover for the regular week stood at 4.394 billion shares worth RM5.712bil, compared with 4.137 billion units valued at RM5.854bil traded previously.
SPOILSPORT GS ...... Just when everything seems to be falling into place ..... FBMKLCI took out some resistances, FKLI crawled it's way into premium albeit "sikit sikit" & CPO looked to have found some much needed support while the Ringgit is still strengthening >>>> that Goldman bastard must come and "kacau" $%#!&*^+@ :(
It;s gonna be a manic Monday opening but 1Bursa Boleh!!!
Happy Weekend & Goodluck2all
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