Network News

X My Profile
View More Activity





Posted at 12:12 PM ET, 02/11/2011

Mubarak resignation lifts U.S. stocks

By Sarah Halzack

The news Egyptian President Hosni Mubarak stepped down and relinquished power to the nation's military was met with a favorable reaction from Wall Street. The Dow, NASDAQ and S&P 500 all saw modest gains.

Just 10 days ago, the unrest is Egypt was having a negative effect on global markets: Oil prices spiked, food prices rose and stocks declined.

Egypt's own stock market has suffered as a result of the turmoil. On Jan. 27, its benchmark stock index took a 10 percent dive, its second-largest one-day drop on record.

By Sarah Halzack  | February 11, 2011; 12:12 PM ET
 
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: What do you think of Obama's housing policy proposals?
Next: Reactions to Obama's plan to restructure the housing market

No comments have been posted to this entry.

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company