Indices in the U.S. fell on Tuesday on the rallies of technology and oil companies
Sep 30th, 2009 | By admin | Category: Scenario and forecastsU.S. stock indexes fell on Tuesday after quotations of the shares of technology and oil companies, reports Bloomberg. Futures on the U.S. indices vary in different direction on Wednesday, 8:30 to lift Dow Jones and SP is 0,01-0,04%, lower Nasdaq - 0,02%.
Podyndeks SP, in the calculation which includes the shares of technology companies, dropped on the basis of trading on 0,7%. The value of this indicator on the market close on Monday was the highest since September 2008. In 2009, the index is the leader in growth among other sectoral indicators SP, its rise was 45%.
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Cisco Systems shares fell on Tuesday on 1,3%, Intel - by 1,3%.
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securities of energy companies have fallen amid falling oil prices. Exxon Mobil shares fell 0.8%.
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securities MBIA fell 4.7% after lowering analysts SP rankings of the world's largest insurer of bonds to BB to BB-, which is three levels below investment grade.
We have a good rally - said the chief investment officer at Huntington Asset Advisors Randy Beytmen. - There is a view that the rise in stock price was sufficient, given the continuing uncertainty, so someone can withdraw money from the market.
Positive data on U.S. housing market could not hold the fall of the market. According to the index SP /Case-Shiller, falling housing values in the 20 largest U.S. cities in July amounted to 13,3% in annual terms, which is the minimum reduction of 17 months. The result was better than expectations, as analysts predicted an average decrease of 14,2%.
Index SP /Case-Shiller rose by 1,2% in July compared to the previous month, which was the maximum jump since October 2005.
Against the background of these data increase in prices of construction stocks of U.S. companies. Papers of KB Home increased in price by 1,6%.
We see the bottom of the downturn in the housing market - said president of Cabot Money Management, Robert Lutts. - What now evaluates market shares, so this situation in the consumer sector. The rise in house prices, according to the expert, speaks about positive changes in the economy.
Index Dow Jones Industrial Average fell to the closure of the market on Tuesday at 47.16 points (0.48%) - up to 9742.2.
Standard Poor s 500 dropped to 2.37 points (0.22%), amounting to 1,060.61.
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Nasdaq Composite Index decreased by 6.7 points (0.31%) - to 2124,04.
Index of the Frankfurt Stock Exchange Xetra DAX rose 7.36 points, the index of the London Stock Exchange FTSE 100 rose 6.75 points
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