Master Your Mind and Change Your Life: Worldwide Success Stories, University Studies & Proven Results.
Wednesday, December 1, 2010
Market Close Wrap-up -- December 1, 2010
" The major U.S. equity indices closed higher Wednesday, following a positive U.S. economic growth survey from the Federal Reserve.
The survey found that 10 out of 12 of the Fed's regions have experienced some form of economic growth.
Boston, Dallas, Atlanta, Cleveland and San Francisco reported a ""slight to modest"" pace of growth; Chicago, New York, Minneapolis, Kansas City and Richmond reported a ""somewhat stonger"" pace of growth; and Philadelphia and St. Louis reported mixed growth conditions.
The Fed reported a boost in sales for most retailers in the nation, as well.
In corporate news, most automakers reported sales gains during November, with Toyota Motor Corp. (NYSE:TM) as the exception.
Toyota reported a 3.3% year-over-year sales dip during the prior month, with 129,317 cars and trucks sold in the U.S.
However, General Motors Corp. (NYSE:GM), Honda Motor Co. (NYSE:HMC), Ford, Nissan, Chrysler and Hyandai all reported double-digit sales gains in November.
The Dow Jones Industrial Average (DJI) closed 2.27% higher at 11,255.78, the S&P500 (INX) closed 1.64% higher at 1,206.07, and the Nasdaq Composite (IXIC) closed 2.05% higher at 2,549.43."
Pink Diamond Breaks Record at Christie's Hong Kong Auction
Pink Diamond Breaks Record at Christie's Hong Kong Auction
Christie's Hong Kong sells its highest priced jewel at the autumn sale on Monday. A rare 14-carat diamond called the "The Perfect Pink" sold for more than 23 million U.S. dollars after an intense bidding session.
[Francois Curiel, President, Christie's Asia]:
"The star lot of the auction, the last lot of the auction, was a fabulous 14 carat pink diamond which was sold for 23 million U.S. Dollars. Now that's a very high price. It's the highest price for a diamond ever achieved at auction in Asia."
Curiel says the clarity and purity of the pink was the reason for the high price.
So far only 18 pink diamonds bigger than 10 carats have ever gone on the block in 244 years of auction history.
The auction is the largest jewelry sale held in Asia and the biggest worldwide.
[Francois Curiel, President, Christie's Asia]:
"We had a fabulous jewelry auction on Monday night in Hong Kong at the convention center, where more than $80 million U.S. dollars changed hands in less than four hours. And Hong Kong has now proven that it is the center for jewelry auction in the world."
The company's week-long sale of wine, art, antiques, watches and gems is expected to total more than 200 million dollars.
Christie's Hong Kong sells its highest priced jewel at the autumn sale on Monday. A rare 14-carat diamond called the "The Perfect Pink" sold for more than 23 million U.S. dollars after an intense bidding session.
[Francois Curiel, President, Christie's Asia]:
"The star lot of the auction, the last lot of the auction, was a fabulous 14 carat pink diamond which was sold for 23 million U.S. Dollars. Now that's a very high price. It's the highest price for a diamond ever achieved at auction in Asia."
Curiel says the clarity and purity of the pink was the reason for the high price.
So far only 18 pink diamonds bigger than 10 carats have ever gone on the block in 244 years of auction history.
The auction is the largest jewelry sale held in Asia and the biggest worldwide.
[Francois Curiel, President, Christie's Asia]:
"We had a fabulous jewelry auction on Monday night in Hong Kong at the convention center, where more than $80 million U.S. dollars changed hands in less than four hours. And Hong Kong has now proven that it is the center for jewelry auction in the world."
The company's week-long sale of wine, art, antiques, watches and gems is expected to total more than 200 million dollars.
Subscribe to:
Posts (Atom)
