NASDAQ Composite fell because of Cisco Systems, Inc., Caterpillar Inc. (NYSE: CAT) is seeking for salvation

Nasdaq Composite goes down rapidly

In brief: High technology can not be interesting for the bankrupts and unemployed. Cisco Systems, Inc has fallen off the bottom.

Caterpillar Inc. (NYSE: CAT) was weaker than analysts expected. Caterpillar Inc. (NYSE: CAT) shares came close to the minimum 67.92 points, losing -0.79 (-1.15%). But, Cisco Systems lost about 10%(!)

NASDAQ Composite and the S & P 500 reacted strongly to the obvious signs of folding fleeting success of “economic growth”. During the first half of 2010, all signs of economic recovery bulged as very significant, whereas the fundamental problems of American and world financial system remained unresolved. According to the assumptions of many experts that situation was resolved in early autumn. However, apparently correction (or crash) started a little earlier. CISCO terrible record was associated with a fall in corporate investment in network infrastructure. Report on the state budget deficit showed that the decline rate of fouling the U.S. debt is not a reasonable consequence of a centralized policy, but rather simply a result of lower costs. Social statements are not pleased investors and apparent looming recession retail. The first borne the brunt of S & P 500 companies’ shares a broad index and Nasdaq. NASDAQ lost about 2% at the beginning of the session .

Ukrainian Globalist
2010-08-12 15:03, Economics.

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