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Indices in the U.S. fell on Friday on weak data on orders for durable goods

Sep 28th, 2009 | By admin | Category: Scenario and forecasts

U.S. stock indexes fell on Friday on the data of an unexpected reduction of orders for durable goods in the U.S. in August, reports Bloomberg.

This figure dropped last month on 2,4%, which was the maximum decrease in January, data showed U.S. Department of Commerce. Analysts expected rate increase by 0,4%. Orders excluding transportation equipment have not changed, whereas the experts expected to increase by 1%.

Quotations of futures on Monday morning, showing a decrease: the December contract on the SP 500 in 8:31 lost 0,27%, for Dow Jones to 8:30 - 0,3%.

Against the background of negative statistics General Electric stock is down more than 0,8%, Caterpillar - by 4,2%.

Over the past week

SP 500 lost 2.2%. This, in particular, have contributed to the data of the first 4 months of falling sales of homes on the secondary housing market, the U.S., and the decision of the Federal Reserve to reduce the number of programs supporting the credit markets.

drop recorded in the shares in the financial sector.

Upali quotes Securities Bank of America and AIG on 5,8% and 12% respectively.

Losers became Moody s Corp. Its market value has declined by 20%.

drop the cost of non-ferrous metals caused a decrease in market value of Alcoa - the largest producer of aluminum in the U.S. - 7%.

Mixed data on the state of the economy appear not only today but for the whole week - said on Friday, an analyst at New York-based Federated Investors Inc. Philip Orlando. - All this suggests that economic growth will not be fast-fast. That same is true for the stock market.

Papers

Home Depot, the largest U.S. chain stores for home goods, dropped on the results of the auctions on 4,9%.

Cost

ExxonMobil securities decreased by 1,8% against the background of cheapening oil.

Index Dow Jones Industrial Average up trades on Friday sank to 42.25 points (0.44%) - to 9665.19 points.

Standard Poor s 500 has decreased by 6.4 points (0.61%), amounting to 1,044.38 points.

value

Nasdaq Composite Index declined by 16.69 points (0.79%) - up to 2,090.92 points.

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