U.S. Market:
AIG - 55.13 +0.15 0.273% Apple - 115.67 +1.04 0.907% Bank of America - 17.20 +0.10 0.585% Cisco - 27.69 -0.13 -0.467% Citigroup - 54.65 +0.29 0.533% Coca-Cola - 43.90 -0.64 -1.437% Facebook - 75.1401 -0.3199 -0.424% Ford - 16.11 +0.21 1.321% GE - 26.375 +0.325 1.248% Hewlett-Packard - 38.885 -0.065 -0.167% Intel - 37.69 +0.09 0.239% JPMorgan - 61.14 +0.06 0.098% McDonald's - 95.2144 +0.1044 0.11% Microsoft - 48.155 -0.305 -0.629% Pfizer - 31.385 -0.185 -0.586% Starbucks - 80.30 -0.07 -0.087%

Tech sell-off sends world stock markets lower

People are reflected on the electronic board of a securities firm in Tokyo, Friday, April 11, 2014. Tokyo's Nikkei 225 stock average fell more than 400 points at one point in morning trading. (AP Photo/Koji Sasahara)SEOUL, South Korea (AP) ‒ Global stock markets were lower Friday as investors marked down technology stocks and a drop in U.S. jobless claims failed to boost investor confidence.

World equities hit two-week low as tech stocks retreat

A man smokes a cigarette outside The London Stock ExchangeBy Atul Prakash LONDON (Reuters) – Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by concerns that valuations are over stretched spread to Asia and Europe. The MSCI All-Country World index fell 0.4 percent by 0759 GMT to a two-week low, while the MSCI Europe index dropped 0.8 percent. "The sell-off is the result of increasing concerns about the future earnings growth," said Christian Stocker, equity strategist at UniCredit in Munich. "Valuations are high compared to previous years and the trend of earnings estimates is very muted in the U.S. and almost flat in Europe." Technology stocks led the retreat in Europe, with the sector index , following its U.S. counterpart, down 1.9 percent on growing fears the shares have risen too far, too fast and are now relatively expensive compared with the broader market.

US threatening tougher sanctions on Russia

From left, UN Secretary General Ban Ki-moon, CNN International anchor Isha Sesay, and World Bank President Jim Yong Kim attend the forum Endpoverty 2030 during the IMF/World Bank Spring Meetings at IMF headquarters in Washington, Thursday, April 10, 2014. ( AP Photo/Jose Luis Magana)WASHINGTON (AP) ‒ Treasury Secretary Jacob Lew is warning Russia that it could face tougher economic sanctions because of its actions in Ukraine but so far other economic powers are showing a reluctance to go as far as the United States.

Spain’s deflation not as great as first thought

A man looks over a fence in front of office towers in the business district of Madrid, Spain, Friday, April 11, 2014. Spain's statistics office said prices were 0.1 percent lower in March than the year before, slightly less than the previous estimate of 0.2 percent. The figures released Friday by the National Statistics Institute may ease concerns that the country will suffer a prolonged bout of deflation, or falling prices. Deflation can weigh on growth by prompting consumers to delay purchases and businesses to refrain from investing. (AP Photo/Paul White)MADRID (AP) ‒ Spain's statistics office says prices were 0.1 percent lower in March than the year before, slightly less than the previous estimate of 0.2 percent.

Merkel visits Greece after bond success

German Chancellor Angela Merkel gestures during her speech as part of a federal budget 2014 debate at the German federal parliament, Bundestag, in Berlin, Germany, Wednesday, April 9, 2014. (AP Photo/Michael Sohn)ATHENS, Greece (AP) ‒ Police banned protests across most of central Athens on Friday as German Chancellor Angela Merkel is due to pay a brief visit, a day after the crisis-hit country returned to international bond markets.

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