DJIA dive deeper: The Home Depot, Inc. (NYSE: HD) and Pfizer Inc. (NYSE: PFE) roll

The Dow Jones Industrial facing a disservice

In brief: The Dow Jones Industrial Average unable to find a foothold during general negativity. The Home Depot, Inc. (NYSE: HD) and Pfizer Inc. (NYSE: PFE) are falling due to mixed dynamics.

The Home Depot, Inc. (NYSE: HD) shares continue falling to 27.98 points, a loss of -0.24 (-0.85%). Pfizer Inc. (NYSE: PFE) catches a bearish trend with 15.94 points, retreating by -0.10 (-0.59%).

The Dow Jones Industrial Average fell close to 10,172.33 points, down -98.88 (-0.96%) in the second half of the trading session. In the first half of the trading session the U.S. stock market demonstrates moderately negative dynamics. Today’s news were scant in terms of macroeconomic statistics, but the shadow of disappointing macro data throughout previous days continues to loom over the market. In particular, bidders still remember yesterday’s negative data on labor and industry markets (last week the number of initial jobless claims has reached half-million level for the first time since November 2009 , while and the index of business activity in the industry went down by 7,7 points, as opposed to Philadelphia Fed’s projected growth of 7 points.

Dmitriy Srebnev
2010-08-20 17:15, Economics.

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