Dow Jones Slid Down For the Day But Advances 5.5% For the Year

Dec 31st, 2011

djiaThe Dow Jones Industrial Average Index accelerated lower -69.48% points or 0.57% to settle at the level of 12,217.56 while the index advanced 5.5% for the year. Only seven stocks beat out in the last session of 2011 while remaining all twenty three stocks dip in red sea with International business machine leading the pack by shedding -1.24%. On the other side Bank of America (BAC) led the queue of gainers with a 1.83% surge.

Official of Disney (DIS) reported that out of four Orlando parks, three parks including the Magic Kingdom, Animal Kingdom and Hollywood Studios had to delay entry for about ninety minutes for day ticket holders to make certain guests had an unforgettable experience. Shares of DIS recently floated in the stock markets with $37.51, down -0.56%.

On Friday, energy shares gave mix outcomes whereas delivery of crude oil glides just under the mark of $100 a barrel. Shares of Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) both tumbled down traded below -1.00% and -0.60% respectively.

The financial players on Dow Jones mostly slash down and ended the year on down notes. Shares of Bank of America (BAC) advanced on Friday adding +1.83%. The stock remained as the worst performer on Dow whereas shares of diversified bank saw a steep loss of 58% over the course of 2011.

AT&T Inc. (NYSE:T) updated that the President and Chief Executive Officer AT&T Business Solutions, John Stankey will present at Citi’s 22nd Annual Global Entertainment, Media and Telecommunications Conference in San Francisco which is scheduled on Thursday, January 5 at 8:15 a.m. PT. Moreover, the company will webcast a keynote by John Stankey and its live webcast will be available at Investor Relations section of AT&T.

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