Go Finance Reporting in New York - The Standard Poor's (S & P) and Nasdaq in the final minutes of trading thin profit on Thursday after Egyptian President Hosni Mubarak gave a statement to delegate authority powers to the vice president.
But decreases with the Dow Jones ended down thin after an eight-day rally. Weakening after the network equipment maker stocks, Cisco Systems Inc. (CSCO.O), weaken.
Shares of Cisco fell 14 percent to $ 18, 92, see Cisco's competitors have lost market share. Meanwhile, shares of Juniper Networks (JNPR.N) rising 7.6 percent to USD43, 40.
Reported by Reuters on Friday (02/11/2011), the average Dow Jones industrial fell 10.60 points, or 0.09 percent to 12229.29. The broader Standard & Poor's 500 edged up 0.99 points, or 0.07 percent, to 1321.87. Medium-heavy Nasdaq Composite Index rose 1.38 points, or 0.05 percent to 2790.45.
Trade the S & P and Nasdaq initially was hesitant to move in a volatile action as Mubarak's speech began to protests from civil society. Earlier in the day, the media reported that Mubarak would resign, thus making the stock rebounded from the lows triggered by Cisco.
"When Mubarak said he would give the duties to his vice president, market says it is a good thing to rise," said the chairman of Holland & Co., Michael Holland.
For your information, more than two weeks there has been civil unrest in Egypt which created some anxiety among global investors amid fears of political instability. (GoFinance)
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