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Wall Street slides as Oracle drops, Cyprus worries escalate

Stocks fell on Thursday, Oracle's income is still far below the Cyprus problem, the influence of the expectations of the euro zone and worries. Oracle corp (O) shares fell 9.7%, to $32.30, and listed on nasdaq, a day later, their income was disappointing, it is due to the biggest drag on sales executive. This is the stock's biggest percentage drop since December 2011. Stock losses accelerate in late trading, fiscal worries increase. Will close in the us market, standard & poor's sovereign credit rating further into junk territory to Cyprus. European Union gave Cyprus, until Monday to raise billions of euros, it needs to be international aid - or face the collapse of its financial system, and may exit from the euro group. "I want to achieve, is going to be a rapid remedial measures, nor is it easy to predict what will happen. Uncertainty breeds of sales, especially in a market, is because we have in the previous two weeks, said:" Michael James Wedbush securities in Los Angeles, managing director of equity trading. The latest euro zone issues hitting the market, after weeks of gains, the dow Jones industrial average rose to record highs, and lifted the S&P 500 index in the attack distance of its record closing price of 1565.15. Investors worry that the banking system collapse in Cyprus to tighten credit, across Europe, the region of uneven road another obstacle out of the crisis. In addition to these concerns, according to data from the region's economy shrank more than expected in March. The dow Jones industrial average (DJI) fell 90.24 points, or 0.62%, to 14421.49. The standard & poor's 500 index (SPX fell 12.91 points, or 0.83%, to 1545.80. The Nasdaq composite index. Ixic. IXIC fell 31.59 points, or 0.97%, to 3222.60. In its intraday low of 14383.02, the dow Jones index fell more than 120 points. The nasdaq composite index fell 1.2%, to 3215.69 intraday lows on Thursday of the slides. The Chicago board options exchange (CBOE) volatility index (VIX) or VIX, Wall Street's favorite barometer of fear, rose 10.4%, to 13.99. After-hours, Nike (adddy.pk. N) shares rose 8.3% to $58.05 after the company reported profits exceeded analysts' expectations. In today's regular trading, shares closed at $53.60,. In regular trading, cisco (csco.o), is the dow's biggest losers. Cisco fell 3.8%, to $20.84 after the network equipment maker's stock brokers FBR downgrade rating, and reduce its price target. In other technology shares, international business machines corporation (IBM) N), fell 1.3%, to $212.26. Basic materials stocks the S&P index (. SPLRCM) fell by 1.6%, making it the heaviest component of the S&P 500 index. Copper prices also fell. The benchmark S&P 500 index of release percentage decline only its second week, so far this year, to prove its impressive 2013 running track. Other shares in the day, a clothing retailer guess (GES) N), our certified public accountants (TLYS. N) and the California Pacific Sunwear (PSUN. O) after the fall, they expect first-quarter results significantly below analyst expectations. Guess fell 7.2% to $25.01, tilly, down 8.4% to $12.60, and the Pacific Sunwear dropped by 9.8%, to $2.20. The euro zone's attention over a number of reports showing the U.S. economic recovery is on the right track and solid in the first quarter in China's development. During the first quarter of this year, jobless claims, factory activity increases and existing home sales rose, according to U.S. economic growth. "For the first time please dole was slightly higher in the United States, in the latest week, but the average for the first time in four weeks to apply for unemployment benefits - a measure of the Labour market trends -- fell to the lowest level in five years. Trading volume was about 590 billion shares on the New York stock exchange, nasdaq and nyse MKT deal, from 2012, the average daily volume of $4.5 billion when he was about 6. The New York stock exchange and nasdaq falling behind nearly 2 to 1 ratio.


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