The DJIA went into the red zone at the start of trading today, the index began to climb above the middle of trading. Dow Jones Industrial declined very rapidly, but the bulls have managed to change the course of the match. Dow index is close to the green zone, losing -55.74 (-0.55%).
DJIA avoids collapse, but the weak last data make a pressure. Weak housing data weighed on the stock market as investors awaited word from the Federal Reserve on its latest interest-rate decision and the outlook for the U.S. economy. The Dow Jones Industrial Average, which entered Wednesday’s trading on a two-day losing streak, held steady just after the open but recently turned lower, trading down 22 points, or 0.2%, to 10271, hurt by declines of more than 1% each in Caterpillar, Cisco, DuPont, Intel, General Electric, Chevron and Microsoft.
Bad statistics forced Dow Jones Industrial decline. Bulls do not try to save the Dow Jones out of the captivity of the red zone. Consumers are beginning to play on short-term transactions. Stock trades in the U.S. opened on June 23 collapse of leading indicators. Dow Jones fell by 28.56 points (-0.28%) – up to 10,264.96 points, the index S & P – on 5.92 points (-0.54%) to 1,089.39 points , index Nasdaq – on 15,36 points (-0.68%) to 2,246.44 points.
The number of new buildings in the private sector, the U.S. in May this year fell in the month terms by 10% to 593 thousand homes, the Commerce Department said the country. The last time the index declined so badly in March 2009.
Dow Jones Industrial Average may continue trading on the U.S. stock market in a negative mood on the background of macroeconomic problems the United States. U.S. stock futures slid Wednesday after home construction plunged in May, adding to the concerns about global growth amid new worries over Spain’s fiscal stability. Following the housing data, Dow Jones Industrial Average futures fell 61 points to 10271, while Standard & Poor’s 500-share futures dropped 8 points to 1101 and Nasdaq 100 futures slid 12 points to 1881.
Dow Jones Industrial Average may not repeat yesterday’s exploits against the problems of the Japanese economy and a host of negative factors of the local level. Dow Jones Industrial fell by -22.37 points (-0.22%). At the moment, Dow index was 10,150.16 points.