"Shares of BlackBerry Manufacturers Nasdaq Slump to Drag the Negative Zone"

Blackberry Playbook 7-Inch Tablet (16GB)

Nurul Qomariyah - detikFinance
York - The Dow Jones and S & P 500 went back to its gain, afterFrance and Germany reached an agreement for the provision ofaid to Greece. But analysts believe the weakening trend will notend.


France and Germany said they would ask the banks that hold debt securities Greece to voluntarily share the burden of easing the country's debt crisis.

Debt crisis in Greece was kept peaking this week, so the ratings agency Moody's Investor Services said they will likely cut its ratingson French banks that have exposure to the Greek debt.

"The question in many people's minds today is whether the credit problems in Europe, the ripples of its effect, would be strong enough to put the U.S. economy in recession. I honestly do not see it," said Natalie Trunow, chief investment officer of CalvertInvestment Management, was quoted as saying Reuters onSaturday (18/06/2011).

In trading Friday (06/17/2011), the Dow Jones industrial averageclosed up 42.84 points (0.36%) to a level of 12004.36. The broader Standard & Poor's 500 rose 3.86 points (0.30%) to a level of 1271.50, but the Nasdaq fell 7.22 points (0.28%) to a level of2626.48.

Research in Motion Ltd. shares fell by 21.5% to U.S. $ 27.75, in a very crowded trade transactions in the last 6 years. BlackBerrymanufacturer's shares slumped after reporting disappointingearnings, while cutting its forecast.

RIM shares slump is a big role in weakening the Nasdaq, anddragged the other large technology companies like Apple Inc., which also fell by 1.5% to U.S. $ 320.26.

Trade went very active, with transactions on the New York StockExchange reached 8.29 billion shares, above the daily average of7.58 billion shares.

Posted in: Blackberry Playbook,Research In Motion