Stock Blackberry slipping, Wall Street Red

Wall Street stocks ended in the red on Tuesday (27/11/2012) local time, (Wednesday morning GMT), as concerns "fiscal gap" overshadow encouraging U.S. economic data. Investors also shrugged revised Greek bailout deal.
    The Dow Jones Industrial Average fell 89.24 points (0.69 percent) to 12878.13. The S & P 500 lost 7.35 points (0.52 percent) to 1398.94, while the Nasdaq composite index fell 8.99 points (0.30 percent) to 2967.79.
    Investors remain focused on Washington where Democratic Senator Harry Reid said, little progress has been made in the budget negotiations. "After the Senate majority leader's comments, the S & P 500 fell to a session low of flat lines, and dropped further in the final round of selling pressure," said analysts at Briefing.com.
European markets closed higher after Greece deal, allowing Athens to cut the burden of debt through bond buybacks and lower interest rates, as well as the promise of a new rescue loan installment of 43.7 billion euros (57 billion dollars) until March.
    
But critics say lenders Greece, the European Union and International Monetary Fund (IMF), has started a new setting. "We think Greece will eventually require the elimination of much greater debt, but the deal is unlikely to happen before the German election next fall," said Tullia Bucco of UniCredit Research.
Dow members who recorded the largest decline was Hewlett-Packard, fell 3.1 percent, American Express fell nearly two percent and United Health slipped 1.6 percent.
While the casino operator Las Vegas Sands jumped 5.2 percent after it announced a special dividend to be paid before the end of the year, aiming to avoid higher dividend taxes that may arise from the deficit-cutting negotiations that took place in Washington.
On the Nasdaq, Research in Motion, maker of BlackBerry, dived 10.4 percent although its ranking increased CIBC World Markets. Shares of Apple fell 0.8 percent after rising 3.2 percent on Monday.

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