The bad news drove a Dow Jones Industrial Average into the collapse
Dow Jones Industrial Average began trading with the deepest minus
In brief: A new day brings a lot of trouble bulls on the U.S. stock market. Dow Jones Industrial Average fell to a record low.Dow Jones fell by 120 points (-1.19%), the index of Nasdaq – by 22.75 points (-1.24%), the index S & P – by 12,4 points (-1.16%). At the opening of stock trading in the U.S. occurred lowering the leading indexes. Dow Jones Industrial Average continues to lose about 0.1% every 5 minutes. On today’s crash showed the dynamics of futures on the leading stock market indicators are showing a decrease of more than 1%. Negative impact on investor sentiment affects the latest statistical news on the Chinese economy. According to specified data research organization Conference Board, the index of leading economic indicators rose in China in April at 0.3% rather than 1.7% reported earlier this month, causing uncertainty about the stock market players in the pace of recovery largest economy Asia.
One of the first in the published statistics respond banking sector, including Bank of America, Citigroup, JPMorgan Chase, American Express and Wells Fargo. Lower oil prices may cause negative dynamics of quotations in the energy sector from companies such as oil ExxonMobil, Chevron and ConocoPhillips, as well as oil service Schlumberger and Halliburton. At the opening of the trading session may also cheaper stocks British BP, traded on the NYSE, the fact that Tropical Storm Alex threatens to grow into a hurricane that does not build the operation to stop the leakage of oil in the Gulf of Mexico. Similar dynamics of quotations, is likely to be observed in the mining sector (from companies such as Alcoa, Freeport McMoRan Copper & Gold, Barrick Gold and Newmont Mining) amid falling prices for metals, which were reported today on the London Metal Exchange for the first time in four trading session. An impact on the trades may have information that a large manufacturer of industrial automation Emerson Electric raised the offer to buy UK-based Chloride Group Plc. up to 1.5 billion dollars.
Ukrainian Globalist2010-06-29 15:18, Economics.
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