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U.S. MARKETS
Articles  Tuesday October 27 , 2009 17:55 GMT
The U.S stocks plunged within the mid-day session…

The U.S stocks plunged after fluctuating within the mid-day session as the International Business Machines Corp.'s board took $5 billion in additional funds for buybacks and due to the gloomy plunge of the world's largest economy consumer confidence, despite the fact that energy shares where supported by the rebound of crude prices.   

Indices performance came as follows: 

The Dow Jones Industrial Average index lost 1.21 points or 0.01% to reach 9866.75 levels. 

The index added and slashed points based on the performance of the upcoming stocks; the index shed points due to 3M Co share as it declined $0.87 or 1.13% to cut 6.58 points from the index as it reached $75.95, then came Hewlett-Packard as it dropped $0.61 or 1.27% costing the index 4.61 points and reaching $47.25, finally the United Tech Co share declined $0.59 or 0.91% subtracting 4.46 points from the index and reaching $64.24. 

On the contrary, the stocks adding the most points to the index were Exxon Mobil Corp stock as it inclined $1.53 or 2.09% to add 11.49 points and reach $74.76, then came Chevron Corp share as it inclined $1.21 or 1.60% adding to the index 9.45 points and reach $76.66, finally the IBM share inclined $1.06 or 0.88% providing the index with 7.94 points as it reached $121.17. 

The Standard & Poor’s 500 Index shed 5.00 points or 0.47% to reach 1061.95 levels. 

The index added and slashed points based on the performance of the upcoming stocks; the index shed points due to Wynn Resorts Ltd share as it declined $6.28 or 9.96 as it reached $56.79, then came AK Steel HLDG as it dropped $1.64 or 8.73% and reaching $17.15, finally the US Steel Corp share declined $3.41 or 8.40% and reaching $37.17. 

On the contrary, the stocks adding the most points to the index were Cabot Oil & Gas stock as it inclined $3.87 or 10.10% and reach $42.18, then came Textron Inc share as it inclined $1.47 or 8.01% and reach $19.83, finally the Coventry Health share inclined $1.10 or 5.98% as it reaching $19.49.

Data as of 13:32

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