Dow Jones Industrial Average go out the stage with bowed head

Dow Jones Industrial Average is killing hopes for further positive

In brief: Dow Jones ceases to be a measure of stock markets in the world. Dow Jones Industrial Average lost another interest and has no chance of growth in the next few days.

Dow Jones Industrial Average losing ground against the background of uncertainty for investors and concerted action bears. Bulls did not chase the Dow Jones Industrial Average index and left to be devoured by bears. Tuesday, May 18, major indexes of U.S. stock market in the first half of the trades have shown negative dynamics, despite the fact that concerns about the spread of the Greek crisis on other European Union countries had eased somewhat.

Greece has pledged 14.5 billion euros for repayment of sovereign obligations, which will be held tomorrow, and the EU finance ministers agreed to discuss measures to tighten sanctions for violation of budgetary requirements of EU membership. Published today, macroeconomic indicators were more mixed. Thus, the number began construction of homes in April rose from 0,626,000 units to 0,672,000 units, with an average forecast of analysts in the 0,650 million, however, so a significant increase in primarily due to the expiration of the term government program to provide tax relief for families, first time purchasers housing. Thus, in the next month, we can observe this reduction in the indicator housing market, especially because the number of building permits unexpectedly fell in April to 0.680 million to 0.606 million, the producer price index in April fell by 0.1% m / m vs expected growth of 0,1%. However, excluding prices for food and fuel value of the index increased by 0,2%, beating the average forecast of growth by 0,1%. So, during the bidding barometer “blue-chip Dow index fell by 0,071% to value of 10 618.32 points, more than a” broad “index of S & P 500 decreased by 0.295% and reached 1 133.59 points. The index is fairly high-tech stocks Nasdaq shortened 0.684% up to 2 338.13 points.

Shares largest U.S. builder Lennar and DR Horton “recovered” to 1,41% 0,23%, respectively, and after it became known that the number of homes started construction in April rose to 0.672 million, well above the average forecast of analysts to 0,650 million. Paper Wal-Mart moved to 2,77%. The world’s largest retailer reported a profit in the first quarter to end on April 30 in the amount of 88 cents per share, while analysts expected the company will earn no more than 85 cents on the paper. Nevertheless, representatives of Wal-Mart reported that sales at U.S. stores open more than a year ago, in the reporting period decreased by 1.4%, and increase the profit of the company was due to higher revenue from foreign markets. Quotes worldwide leader in networking equipment Cisco Systems dropped to 1.63% after the Federal Court ruled that the company had violated the conditions of the patent and must pay a fine of $ 3.7 million. The market capitalization Instrument Company Agilent Technologies declined by 4.24% against the background of unfavorable reviews of analysts Credit Suisse Group on the internal politics of the company to promote sales managers. Evening, futures for Brent crude for delivery in July went up by 0.183% to $ 75.238 per barrel. Gold prices fell to 0.961% up to $ 1 216.3 per troy ounce. U.S. currency strengthened against the euro at 0.347% and fell against the Japanese yen to 0.097%.

Anrey Torbinski
2010-05-18 22:53, Economics.

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