cement
be unlikely to
sovereign
The cement has already set.
In the most general sense of the word, a cement is a binder, a substance that sets and hardens independently, and can bind other materials together.
The word "cement" traces to the Romans, who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed rock with burnt lime as binder. The volcanic ash and pulverized brick additives that were added to the burnt lime to obtain a hydraulic binder were later referred to as cementum, cimentum, cäment, and cement.
Aug. 30, 2012, 3:13 p.m. EDT
U.S. stocks drop sharply on talk from Spain
Fed Chairman Ben Bernanke due to speak on Friday
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks Thursday were hit by thinking that Federal Reserve Chairman Ben Bernanke is unlikely to cement another round of easing in Jackson Hole the next day and by reports Spain had postponed a decision on requesting a sovereign bailout.
“The market is beginning to realize Bernanke isn’t going to say anything definitive tomorrow, he’ll leave that for the FOMC meeting, and also to allow the ECB to meet,” Mark Luschini, chief investment strategist at Janney Montgomery Scott, said of the September Federal Open Market Committee gathering Sept. 13, and the European Central Bank rate decision Sept. 6.
“There are a lot of expectations built into his talk,” Jack Ablin, chief investment officer at Harris Private Bank in Chicago, said of Bernanke’s speech scheduled for Friday in Jackson Hole, Wyo. See three reasons why the Fed won’t move in September.
In Madrid, Spanish Prime Minister Mariano Rajoy held talks with French President Francois Hollande, with both men calling on the European Central Bank to act to lower borrowing costs for euro-area nations.
Rajoy told a news conference he would move on any rescue requests only after he knew the conditions being offered, Bloomberg News reported.
“Further delay could mean further deterioration, so the dual combination besides Bernanke was a one, two combination on light volume that can push the market around,” said Luschini.
After falling below 13,000 for the first time in nearly four weeks, the Dow Jones Industrial Average /quotes/zigman/627449 DJIA -0.57% was lately off 99.72 points, or 0.8%, to 13,007.76.
The S&P 500 index /quotes/zigman/3870025 SPX -0.53% declined 8.75 points, or 0.6%, to 1,401.74, with technology pacing the losses among its 10 sectors. The S&P 500 briefly fell under 1,400 for the first time in two weeks.
Sears Holdings Corp. /quotes/zigman/95136/quotes/nls/shld SHLD -7.54% shares declined 7.7% after S&P said it would oust the retailer from its benchmark index and add LyondellBasell Industries /quotes/zigman/621232/quotes/nls/lyb LYB +3.19% .
The Nasdaq Composite index /quotes/zigman/123127 COMP -0.80% fell 27.15 points, or 0.9%, to 3,054.04.
For every stock on the rise more than two fell on the New York Stock Exchange, where nearly 292 million shares traded as of 2:55 p.m. Eastern time. Composite volume topped 1.7 billion.
Click to Play China pledges support for EuropeThe euro-zone crisis was a major focus of talks between Wen Jiabao and Angela Merkel in Beijing. But, as WSJ s Mary Lane reports, there were few details about how China intends to support Europe.
The dollar /quotes/zigman/1652083 DXY +0.12% turned up against other global currencies, including the euro /quotes/zigman/4867933/sampled EURUSD -0.13% . Treasury prices rose, with the benchmark 10-year-note /quotes/zigman/4868283/delayed 10_YEAR -1.63% yield at 1.6313%.
Oil retreated, with crude futures /quotes/zigman/2203156 CLV2 -0.74% falling 0.9% to $94.62 a barrel on the New York Mercantile Exchange.
Retailers including discount-chain Target Corp. /quotes/zigman/253872/quotes/nls/tgt TGT -0.09% and club-operator Costco Wholesale Corp. /quotes/zigman/67728/quotes/nls/cost COST +1.85% reported August sales that surpassed estimates. Conversely, teen-clothing retailer Wet Seal Inc. /quotes/zigman/79987/quotes/nls/wtsla WTSLA +7.50% reported revenue at stores open at least a year declined more than projected in August.
A report Thursday had economic confidence in the euro area declining more than expected in August and retail sales in Japan retreating in July.
U.S. stock-index futures retained modest losses after economic reports that had U.S. consumer spending rising 0.4% in August and jobless claims holding steady last week at 374,000. Read more on consumer spending. |
住戶編號:2894013
檢舉原因
心情: 
