The Dow Jones Industrial remains at the mercy of Bears that cleared shoulder support in the middle of the trading session. The Dow index moved closer to 10,195.60 points, losing -75.61 (-0.74%).
General Electric Company (NYSE: GE) shares are reduced to the downtick of 15.15 points, losing -0.55 (-3.54%). United Technologies Corporation (NYSE: UTX) dropped to 68.32 points, falling to -1.61 (-2.30%).
Unilever plc (LON: ULVR) shares are falling because of the scandalous purchase of a Sara Lee branch. Unilever plc is about 1,707.00 points, down -34.00 (-1.95%). Sara Lee Corp. (NYSE: SLE) rose to 14.94 points, gaining +0.07%.
Microsoft Corporation (NASDAQ: MSFT) shares lost in value because of the bearish trend of the U.S. stock market. Microsoft Corporation shares to close 24.47 points, losing -0.39 (-1.57%). BP plc (NYSE: BP) was 38.28 points, decreasing by -0.51 (-1.31%).
The Dow Jones Industrial Average continues to fall against the background of the global stock market meltdown and the U.S. bad statistics. The DJIA fell to 10,388.45 points, down -255.80 (-2.40%). Meanwhile, BP plc (NYSE: BP) lost more than 3% in the bidding. BP plc shares stopped by 38.81 points, losing -3.24%.
Bank of America Corporation (NYSE: BAC) completed the bidding at around 13.63 points, losing -2.01%. At the same time, the bullish trend may come back very quickly. CEO of BofA Brian Moynihan said the bank intends to reduce the cost of a unit serving credit cards, during the third quarter, as the restrictions imposed by the new rules regulating financial markets at the commission income may negatively affect the company’s annual revenues.
Apple Inc. (NASDAQ: AAPL) has completed yesterday’s trading near a mark of 261.70. Pre-market is an unhappy one: Apple Inc. decreased to 259.64, losing -2.06 (-0.79%) today.
Pfizer Inc. (NYSE: PFE) is the leader among the Dow Jones Industrial Average of blue chips. Pfizer Inc. of 16.05 points, gaining +0.57 (3.65%) at the time. Another representative of the DJIA index, The Procter & Gamble Company (NYSE: PG) is losing ground. The Procter & Gamble Company (NYSE: PG) is trading at 59.70 points, giving the bears -2.36 points or -3.80% today.
The collapse of the euro exchange rate has become an unpleasant surprise for UBS. Foreign exchange reserves of the Swiss National Bank fell by more than 14 billion Swiss francs (13.3 billion dollars) in the first half of this year, after the weakening of the euro triggered a reduction in reserves of the Bank. In the second quarter, the central bank lost 5.5 billion Swiss francs, while revenue in the first quarter amounted to 1.5 billion francs.
U.S. reports have helped to stimulate demand for the dollar only, because data on the housing market were not as bad as expected. In the United States was started 549 thousand construction jobs, which was 5% below the May figures, having descended to 8-month low. However, it became known that the number of building permits (an indicator pointing to further activity in the sector) in the last month showed an increase of 2,1% to 586,000. This pattern suggests that builders are still hoping that the recovery in the sector will continue.