Dow Jones Industrial Average has shown itself weak and helpless

Dow Jones Industrial Average: the lack of reasons for optimism

In brief: Dow Jones was unable to overcome the barrier of the living bears. Dow Jones Industrial Average could not hold a positive trend and left the market.

Dow Jones Industrial Average lose weight. Bad luck was the most suitable word for Dau Jones index in the last few days. Hopes disappear, and today’s auction will be held in the negative zone. On Tuesday, May 18, the main American stock market indexes finished trading lower, despite exceeded the expectations of analysts reporting retailers and news for Greece 14.5 billion euros to repay sovereign obligations.

Fighting spirit of bears was supported by news that the Federal Financial Supervisory Authority of Germany (BaFin) announced its intention to impose a temporary ban on uncovered short selling (naked short selling) and unsecured swaps to refuse credit obligations. Published yesterday, macroeconomic statistics has been very controversial. Thus, the number began construction of homes in April rose from 0,626,000 units to 0,672,000 with an average forecast of analysts in the 0,650 million, however, worth noting that the major growth rate in the first place due to the expiration of the term government program to provide tax relief to families the first time to acquire 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%. Excluding prices for food and fuel value index increased by 0,2%, beating the average forecast of growth of 0,1%. As a result of trades barometer of blue chips, the Dow shortened 1.081% to the value of 10 510.95 points more “wide” index of S & P 500 fell by 1,420% and reached 1 120,8 points. The index is fairly high-tech stocks on Nasdaq fell 1,570 to 2% to 317.26 points. Shares in the financial industry completed the session in the red zone after German regulators reported plans to impose restrictions on short selling. Thus, the paper Wells Fargo and Bank of America retreated to 4.3% and 2.5% respectively, and quotes Goldman Sachs fell by 3,7%.

Paper operators of payment systems have also suffered significant losses against the expected decline in revenues. Democrat Sheldon Whitehouse (Sheldon Whitehouse) said that the U.S. government should impose restrictions on the maximum possible interest on credit cards. Visa shares have fallen by 6,2%, and quotes MasterCard and Discover decreased by 3,8% and 5,3% respectively. Market capitalization of the insurer of bonds Ambac Financial declined by 23%. The company reported a quarterly increase of net loss to $ 690.1 million. Shares Agilent Technologies have become “easier” to 6,2%. According to analysts Credit Suisse Group, instrument company is spending too risky policy for the promotion of sales managers. Paper Wal-Mart moved to 1,9%. 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. Crude oil futures Light brands with delivery in June have fallen in price by 67 cents at $ 69.41 per barrel. As a result of trading on the COMEX Gold futures for delivery in June fell in price by $ 13,50 to $ 1 216.8 per troy ounce. The dollar got stronger against the euro and fell against the Japanese yen. Yield of a decade of Treasury bonds fell from 3.47% to 3.39%.

Ukrainian Globalist
2010-05-19 05:33, Economics.

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