Collapse: DJIA, Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS) and Google Inc. (NASDAQ: GOOG)
Morgan Stanley, Bank of America Corporation and Google go down
In brief: U.S. stock market catches a bearish trend. Bank of America Corporation (NYSE: BAC), Wells Fargo & Company (NYSE: WFC), Morgan Stanley (NYSE: MS) and The Dow Jones Industrial Average lost in price today.U.S. stock trading opened with a sharp decline in the leading index on the background of macroeconomic news. Banks suffered first. Bank of America Corporation (NYSE: BAC) shares fell to 13.30 points lost -2.42%. Wells Fargo & Company (NYSE: WFC) fell to 26.69 points, a decrease of -3.89%. Morgan Stanley (NYSE: MS) stood at 26.70, losing -2.31%.
Google Inc. (NASDAQ: GOOG) shares fell to 493.33 points, losing -10.38 (-2.06%). The mood of market participants spoiled U.S. Department of Commerce report on the significant growth the U.S. trade deficit. In June of 2010. trade deficit rose in May compared with a value up to 49.90 billion dollars (forecast – 42.5 billion dollars). Also, do not cease to disturb the players and held on the eve of the meeting of the Federal Reserve System (FRS) the USA, following which it was decided to resume promotion of the national economy. According to experts, this is due to the slowing U.S. economic growth as, in particular, shows a slowdown of U.S. GDP. According to the Ministry of Trade of the country on 30 July this year, the figure in the II quarter of this year compared with the I quarter of this year, increased by 2,4% in recalculation on annual rates. For comparison, in the I quarter of 2010. U.S. GDP grew by 3,7%. Start the U.S. Trade: the largest in the U.S. Bank of America shares have fallen in price on 1,54% and banks JPMorgan Chase & Co. and Morgan Stanley – to 1,38% and 1,32% respectively. They fell in the early hours of the trading session the quotations Citigroup (-1,13%), as well as the bank Wells Fargo (-1,98%).
Ukrainian Globalist2010-08-11 15:02, Economics.
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