Dow Jones Industrial Average fell victim to circumstances and bears

Dow Jones Industrial Average was unable to hold a positive trend

In brief: Dow Jones Industrial Average was unable to overcome the negative mood of investors, bear the pressure force and fell to the weekly minimum.

Dow Jones Industrial Average has become the main loser of trades in the U.S.. The Dow Jones Industrial Average, many experts predicted a rapid growth, the market has driven the Dow index in the opposite direction – down. U.S. stock indexes fell on Thursday due to lower shares of companies in the consumer sector. Forecasts and reports on the profits of retailers Kohl’s and Urban Outfitters have disappointed investors. Additionally, the prognosis Cisco Systems failed to improve investors’ attitude to the technology sector.

Index Dow Jones Industrial Average up trades fell 113.96, or 1.05 percent, to 10,782.95 points, demonstrating the reduction of the sixth time in eight sessions. Company Cisco / Nasdaq / showed the worst performance: its shares fell by 1.21 dollars, or 4.5 percent, to 25.53. Although Cisco reported a profit increase of 63 percent, forecast sales for the fiscal 4 th quarter only coincided with the expectations of analysts. Quotes American Express shares fell 1.29 dollars, or 2.9 percent, to 42.81 dollars. Stock Intel / Nasdaq / cheaper by 59 cents, or 2.6 percent, to 22.50 dollars. General Electric shares fell 39 cents, or 2.1 percent, to 18.05. Only one component of the Dow was able to complete the session in positive territory – Alcoa, whose securities rose in price by 34 cents or 2.7 percent, to 12.80 dollars. The Nasdaq Composite Index fell to 30.66 dollars, or 1.26 percent, to 2,394.36 dollars. Index Standard & Poor’s 500 fell 14.23 to the dollar, or 1.21 percent, to 1,157.44 dollars. The fall led the company’s consumer sector, primarily Kohl’s and Urban Outfitters. Stock Quotes Kohl’s fell to 3.34 dollars, or 5.8 percent, to 53.81 dollars, after the record company’s profit for the 2 nd quarter and projections for the whole year were below expectations on Wall Street. Stocks Urban Outfitters / Nasdaq / 2,63 to the dollar, or 6.7 percent, to 36.78 dollars as the cost of the company exceeded the forecasts of some analysts. Shares of other retailers also fell. Papers Abercrombie & Fitch fell by 2.20 dollars, or 5.1 per cent, to 41.14 dollars. Macy’s shares fell by 1.22 dollars, or 4.9 percent, to 23.48 dollars. Shares J.C. Penney dropped by 1.46 dollars, or 4.9 percent, to 28.17 dollars. Now, investors are nervous about leaving on Friday of data on retail sales in the U.S. for April, said Matthew Strauss, chief economist and market strategist at Commonfund.

Ukrainian Globalist
2010-05-14 00:03, Economics.

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