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moncler oslo fell the most in Monday's slide
NEW YORK (Reuters) - U.S. stocks fell for a fourth session on Monday,moncler oslo, as the lack of progress in dealing with heavy debt both in the United States and Europe further sapped investor confidence in equities. Risky assets like commodities also fell, sparking a sell-off in shares of industrials and energy companies. Volume was lower than average, with investors more inclined to sit on the sidelines amid the uncertainty. Late on Monday,kjøpe parajumpers, the co-chairs of a U.S. congressional "super committee" said they have failed to reach a deal on reducing federal government deficits. "The news was pretty much out yesterday. No one was expecting anything,Parajumpers long bear," said Kevin Kruszenski, director of equity trading at KeyBanc Capital Markets in Cleveland. "Will this continue to have an impact tomorrow? Well, it does add to the overall malaise, but I don't see this being something of unexpected." The Dow Jones industrial average .DJI slid 248.85 points, or 2.11 percent, to end at 11,547.31. The Standard & Poor's 500 Index .SPX lost 22.67 points,moncler jakke oslo, or 1.86 percent, to finish at 1,192.98. The Nasdaq Composite Index .IXIC dropped 49.36 points, or 1.92 percent, to close at 2,523.14. There are concerns that the stalemate will make it more difficult to pass extensions of stimulative measures like payroll tax cuts, which could hurt the U.S. economy. In addition, investors are worried that the committee's inability to come to an agreement could result in another downgrade of the U.S. credit rating, though so far the major rating agencies have not commented. Moody's Investors Service said a recent rise in interest rates on French government debt and weaker economic growth prospects could be negative for France's credit rating. S&P 500 OFF 5 PCT FOR YEAR Blue chips, which have been outperforming smaller-cap stocks, fell the most in Monday's slide, with the Dow tumbling more than 300 points to its session low. The Dow was off 0.3 percent for the year. The S&P 500 and the Nasdaq are off about 5 percent each for the year to date. The S&P quickly fell through the 1,200 level seen as the next level of support. After that, support was seen at 1,187, representing the 61.8 percent retracement of the 2011 high to low slide. Rick Bensignor, chief market strategist at Merlin Securities in New York, said the negative headlines from across the globe made it less likely the market would see a sustained rally despite stocks having what many traders say are attractive valuations. "Cheap valuations only do so much. They don't make bull markets. They make bidders to curtail down markets, but in and of themselves, the fact that stocks are cheap is not a good enough reason to think that they are going to go higher." Among blue-chip stocks, Bank of America (BAC.N) fell 5 percent to $5.49. On the Nasdaq, Amazon.com Inc (AMZN.O) shares lost 4 percent to $189.25. HP BUCKS TIDE, RALLIES LATE After the closing bell, Hewlett-Packard (HPQ.N) reported quarterly results that beat Wall Street's expectations. The stock rose 2.4 percent to $27.50 in extended trade. In Europe, the FTSEurofirst 300 .FTEU3 index fell 3.3 percent to its lowest close in nearly seven weeks. Along with the new concerns about France, Spain's bond yields rose despite a clear-cut victory for austerity-committed conservatives in Sunday's election. There were few details on Prime Minister-elect Mariano Rajoy's plans. About 7.78 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, below the current daily average of 8 billion shares. On the New York Stock Exchange, about six stocks fell for every one that rose. On the Nasdaq,Moncler Dunjakke, decliners beat advancers by 5 to 1. Merger activity provided a bright spot as Pharmasset Inc VRUS.O surged 84.6 percent to $134.14 after Gilead Sciences Inc (GILD.O) agreed to buy the company for $11 billion in cash. Gilead slumped 9.1 percent to $36.26. Economic data showed U.S. existing-home sales unexpectedly rose in October as low interest rates for mortgages and rising rents encouraged more people to buy homes,parajumpers stavanger, a trade group said, but equities were little helped by the data. (Reporting by Angela Moon; Editing by Kenneth Barry and Jan Paschal)

parajumpers salg Editing by Joyjeet Das
The slowdown in the U.S. GDP has been further exacerbated by ongoing issues in the ailing mortgage industry and the regulatory overhang, Wells Fargo analyst Matthew Burnell wrote in a note to clients. In June,parajumpers salg, a slew of brokerages, including Citigroup, KBW, Sanford Bernstein,parajumpers jackets, BofA Merrill Lynch and JMP Securities, cut their outlook and ratings on large U.S. banks citing the low interest rate and challenging trading environment. Wells Fargo also cut the largest U.S. bank by assets -- Bank of America (BAC.N) on expectations of lower economic growth. Mortgage-related costs have been high at Bank of America because of the overhang from the legacy Countrywide mortgage losses, the brokerage said. Bank of America's purchase of mortgage company Countrywide for $4 billion in 2008 has been criticized as one of the worst deals in corporate America, as it left BofA saddled with Countrywide's mortgage liabilities. In June, Bank of America reached an $8.5 million settlement with investors over losses in mortgage-backed securities. The brokerage said it expects lower interest rates to persist into 2012 and cut its rating on U,Parajumpers Jakke Salg.S. regional bank Comerica (CMA,parajumpers oslo.N) to "underperform,parajumpers outlet." It added that Comerica's loan portfolio was the most sensitive to interest rates among its peers,parajumpers stavanger. (Reporting by Rachel Chitra in Bangalore; Editing by Joyjeet Das)