Wall St opens lower on Egypt unrest (Reuters)
NEW YORK (Reuters) – U.S. stocks lapse at the unstoppered on Friday as mart uncertainty over Egypt grew amid risks of broad unrest in the Middle East.
Protesters insisted Egyptian President Hosni solon travel down. The progressively suspenseful status upraised fears of violence in the most inhabited Arab nation, a key U.S. ally in an oil-producing region.
The Dow Jones industrial average (.DJI) was downbound 34.51 points, or 0.28 percent, at 12,194.78. The Standard & Poor's 500 Index (.SPX) was downbound 4.49 points, or 0.34 percent, at 1,317.38. The Nasdaq Composite Index (.IXIC) was downbound 7.04 points, or 0.25 percent, at 2,783.41.
Domestically, the Obama administration declared the public-private structure direction model in locate for the time quaternary decades was dead but committed to continue championship existing obligations of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB).
(Reporting by Angela Moon, Editing by Kenneth Barry)
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