The DJIA was at elevation 10,176.38 points, picking up +78.48 points, or 0.78% in the last hour of trading. US stocks and the DJIA especially gain from Halliburton and Boeing were erased after a homebuilder index fell to its lowest point in more than a year, sparking new fears about the pace of a recovery.
DJIA is at 10,143.99 points mark. Losses for the Dow Jones Industrial amounted -215.32 (-2.08%). The negative macroeconomic statistics and falling sales of large banks moved the market in the red zone. The Americans have no confidence in the future, as evidenced by a sharp decline the prior index of consumer confidence in the University of Michigan: the index fell to 66.5 points from 76 points in June. At the same time, purified the consumer price index rose by 0,2% in June, surpassing forecasts by 0,1%. With respect to bank reporting, then, despite the fact that she was better than expected, banks still fared poorly compared to last year.
Dow Jones Industrial Average carries the worst day of trading throughout the summer today. Losses Dow Jones Industrial may exceed 3%, – assured analysts the stock market. U.S. stocks dropped heavily throughout today’s midday session as pessimism dominated global markets, where the Dow Jones Industrial Average index dropped bellow 10,000 amid concerns over China’s growth, and after the U.S. Conference Board announced consumer confidence fell in June to 52.9 from 62.7.
Dow Jones Industrial Average is preparing for another marathon growth. Dow Jones index will leverage the support of the Warren Buffett. Dow Jones Industrial rose by – +225.52 points yesterday. Warren Buffett, billionaire, for whose investments Wall Street followed with a religious faith, had to hard, when on Wednesday he appeared before the U.S. Congress and testified about the role of rating agencies in fueling the financial crisis.
The US stock market has started trades this Friday from falling down right after the publication of the results of JP Morgan Chase & Co. Bank’s reports do not satisfy its investors.
All the markets was somehow shoked by the last data on producer prices. The problem is, that the prices are not high, the prices are various. As the experts say, various enough to surprise everyone. New data on producer prices in the United States in November came as a surprise, however, the basic producer price index remained at a fairly low level, and in the near future is unlikely to happen in prices against a background of overall economic picture.