Nasdaq and the DJIA continues to fall, analysts see the threat of collapse in late trading

Dow Jones Industrial Average began to recover, but fell again

In brief: Nasdaq Composite, Standard & Poor's 500 and Dow Jones Industrial Average remained in the red zone.

The level of support from the bulls for Dow Jones Industrial Average began to grow. Losses Dow index were played back, the overall losses are -60.99 points (-0.62%). DJIA is 9,713.03 points. Among the leaders of falling U.S. stock market is worth noting: the securities representative of the biotechnology industry Dendreon fallen by 10,8%, after it became clear that the government agency The Centers for Medicare and Medicaid Services require the Company to disclose data on the effect of its drug to treat cancer Provenge prostate on the patients.

Quotations Yahoo! Increased by 1,1% in connection with the communication company plans to repurchase shares worth $ 3 billion over the next three years. Moods analysts have different impact on the market position of U.S. companies. So, Constellation Energy Group abated from its asset 2,1% as a result of a downgrade of its stock analyst at Barclays Capital in a “better market” to “at the market.” The market capitalization of the world’s largest delivery service United Parcel Service, by contrast, rose by 0.9% under the influence of analysts’ estimates UBS, to raise the rating of its securities from “neutral” to “buy”. Shares immediately the four giants of the banking sector lost weight due to a decrease in earnings forecast for the second quarter, analysts Bank of America. So, quotes, bank Goldman Sachs fell by 0,1%. Morgan Stanley, JPMorgan Chase and Citigroup have been taken down from its asset 1,4%, 2,8% and 1,3% respectively. It should be noted that the latter began trading in significant plus after it became clear that the U.S. Treasury since May 26, sold 1.1 billion shares of Citigroup, reducing its stake in its capital to 18%.

Olga Bespalova
2010-07-01 19:20, Economics.

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