Today’s trading at U.S. markets opened with a slight decrease of share indices. In the early trading DJIA fell by 0.17%, S&P 500 – by 0.25%, Nasdaq – by 0.48%. Investors’ concerns were attributed to today’s macro statistics, which fell short of forecasts both in Europe and the U.S. due to worsening business climate and slow income growth respectively.
The previous week has finished with growth for the U.S. stock market, owing to B. Bernanke’s speech. The FED chairman has assured the markets of continued financial support of the U.S. economy.
The professor of economics at New York University’s Stern School of Business Nouriel Roubini believes that in the third quarter U.S. GDP growth won’t exceed 1%. The economist evaluates the chances of a repeated recession at 40%. One can hardly question Roubini’s estimates, but how could they help to make money with such forecasts?
Burger King, operator of fast food restaurant chain, reported a decrease in net profit for the fourth fiscal quarter to end June 30 from $ 58.9 million, or 44 cents per share, previous year to $ 49 million, or 36 cents per share. Coompany’s revenue for the period decreased by 1% to $ 623 million.
The Dow Jones Industrial Average is having hard times. The American stock market hasn’t witnessed a bullish trend for a long time. Clouds are gradually gathering over the stock markets. Today’s trading is expected to be volatile once again.
The U.S. stock market opened in the green zone. The Dow Jones Industrial Average gained nearly 0.5% in early trading due to the banking sector and industrial companies. Now the second half of the trading session presented some nasty surprises.
Bank of America Corporation (NYSE: BAC) shares continue to trade in the green zone, despite the absence of positive statistics. Bank shares rose by 1.2% in the last hour of the trading session. Gaining about 1%, Citigroup Inc. (NYSE: C) shares aren’t falling below 3.79 points.
The week’s beginning has been rather rather positive for world stock markets. In particular, companies of automotive and high technology sectors are feeling well. Bulls hope for better trading today.
Monday brought a fresh supply of positive news to the markets. European stock indexes are rising. The Dow Jones Industrial, American Express (NYSE: AXP) and Berkshire Hathaway Inc. (NYSE: BRK.A) may grow by 1-1,5% today, the Open Knowledge analysts reported.
3M Company (NYSE: MMM) shares fell to 80.37 points, losing -1.76%. Alcoa Inc. (NYSE: AA) is reduced to 10.49 points, losing -0.17 (-1.59%). The Coca-Cola Company (NYSE: KO) falls below 55.15 points, losing to Bears -0.13 (-0.24%).