Find the three differences: Dow Jones Industrial Average, S & P 500 and Nasdaq

Dow Jones Industrial, S & P 500 and Nasdaq were unable to grow

In brief: Three index remained without consumer confidence. The U.S. stock market closed under the sign of weekly losses for the Dow Jones Industrial Average, S & P 500 and Nasdaq.

Dow Jones Industrial Average noted a week of mixed dynamics closer to the negative zone. On Friday, June 25, the key to the dynamics of U.S. stock exchanges were to be the macroeconomic heavyweights – the growth of U.S. GDP in the 1 st quarter and the index of consumer confidence in the University of Michigan. Macroeconomic indicators look quite contradictory.

Thus, the revised in the latest edition of U.S. GDP growth in the 1 st quarter, compared to previous quarter, up by 2.7% in annual extrapolation (interpreted it this way – if made in the 1-quarter GDP growth will remain unchanged during the 3 subsequent quarters, then in year’s GDP will grow up to 2.7%). This result is essentially lost to the previous 5.6% and is projected at 3.0% and was the result of a sharp slowdown in consumer spending. Published the same after the final index of consumer confidence in the University of Michigan in June rose to the highest since January 2008 level of 76.0 points, well above the prior value of 75.5 points and 73.6 index points in May, to maintain hope for a subsequent increase to consumers of material goods.

Nevertheless, the central theme of the day was the approval by Congress of the bill the most ambitious reform of the financial sector with the 1930′s, around which in recent months much has been made. Initiated by President Obama tougher rules for banks and capital markets, should prevent a repetition of the devastating disaster, during the hearing and as a result of fairly hard fight between the Congress and the White House still has found a softer shape. Despite certain restrictions on transactions with derivative instruments and hedging and intensified management of financial institutions by the state, this should not cause significant changes in their rates of return and profit, which reassured investors and became a trigger of growth stocks of the financial sector.

Under the influence of all these factors, trading in the stock markets on Friday proceeded fairly volatile, and the end result is the Dow Jones index fell slightly below the waterline, while the indices S & P 500 and Nasdaq Composite managed to stay afloat. Moreover, all three major stock indexes have suffered significant losses on the week, confirming the previous negative outlook based on multi-year downward trend in the indices of unfavorable follow-on after the June quarterly expiration of futures and options trading week.

Index Dow Jones industrial average fell 8.99 points or 0.09% to 10143.81 points, falling for the week was 2.9%. Index Standard & Poor’s 500 rose by 3.07 points or 0.29%, closing at 1076.76 points, a loss for the week amounted to 3.7%. The Nasdaq Composite Index rose by 6.06 points or 0.27% to the value of 2223.48 points, within a week older than 3.7%.

In the American economic elite club Top-30 winners and losers are divided almost evenly. The financial pillars of the lead group leaders after the debate in Congress and approval of the bill on financial reform in the country. Shares American Express, JPMorgan Chase and Bank of America grew by 3.9%, 3.7% and 2.7%. The main trades as outsiders in the light of the revised for the worse of U.S. GDP in the 1 st quarter were the company Coca Cola (-3.0%), Wal-Mart Stores (-2.5%) and Procter & Gamble (-1.8%).

Large retail chain of fashionable clothes and accessories from Urban Outfitters, along other retailers benefited from a positive indicator of consumer confidence and increased on the day at 4%.

Developed infrastructure software Tibco Software has won 10.8% due surpassed expert assessment of quarterly earnings and acquisitions selling software products Proginet.

Educational commercial companies suffered losses in connection with the revealed William Blair & Co forecast for the coming months, the negative impact on their listing in the ongoing Senate investigation of this scope. Shares DeVry, Career Education, Apollo Group and Corinthian Colleges decreased by 2.2%, 3.9%, 4.8% and 5.4%.

Major housing company KB Home, which specializes in selling homes for first time home buyers acquiring, fell as a result of trades at 9.0%, reporting quarterly losses, significantly exceeded the average expectations of analysts.

BP ADRs have been taken down 6% due to losses incurred already a conglomerate with the elimination of oil spill in the Gulf of Mexico in the amount of 2.35 billion dollars and the likely sale of shares to raise additional funds.

The price of gold futures for delivery in June on the basis of trading on the COMEX rose to 10.30 dollars, or 0.8% to the value of 1255.80 dollars per troy ounce.

Gold has reached during the day is historically a peak at 1259.50 dollars per troy ounce, could check out and a new record closing level. However, in the final stage of bidding somewhat weakened their position, which resulted in a slight, and the first for the last 5 weeks to lose the end of the week, up 0.1%. The price of futures for petroleum of mark Light for August delivery on the basis of trading on the NYMEX rose by 2.35 dollars or 3.1% to 78.86 dollars per barrel. The growth of oil prices was the highest since June 9 and was due to the weak outlook on the situation in the Gulf of Mexico in connection with the upcoming season of tropical storms, the first of which is expected in the near future. Compared with the final level of last Friday the cost of the August oil futures rose by 2.2%, which resulted in winning the third consecutive week.

Ukrainian Globalist
2010-06-26 17:54, Economics.

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