Indices in the United States have adjusted downwards on fears unjustified rally, futures on Friday, falling
Sep 18th, 2009 | By admin | Category: Scenario and forecastsU.S. stock indices on Thursday slightly adjusted downwards, the decline was from 0.08% to 0.31%, reported Bloomberg.
Quotations decrease is due to investor concern that the recent rally in the market is not supported by the prospects of good returns.
bad accounting
Oracle and FedEx leveled a good statistic data.
Quotations of futures on Friday morning, showing a decrease: the December contract on the SP 500 in 8:49 lost 0,27%, for Dow Jones to 8:47 - 0,26%.
We went into the region of rarefied air, - says managing director of Knight Equity Markets, Peter Kenny. We have seen a myriad of good economic news, and shares of many companies have risen sharply. It's time to catch his breath, - he added.
second largest producer in the world of Oracle software in the first fiscal quarter (June-August), earned 4% more than a year ago, which coincided with forecasts of Wall Street, but revenue was below expectations. Quotes of the company fell by 2,8%.
Price Securities FedEx fell by 2,2%. Express-delivery company cut its net profit in the June-August at 53%, while revenue was also worse than analysts' forecasts.
addition, the decline demonstrated the quotation securities Chesapeake Energy Corp. - By 3,3%. Shares of the second-largest U.S. independent oil and gas producer declined because of fears that the rally of futures contracts on natural gas or unduly demand, or rising stocks.
fall in the telecommunications sector is headed by Verizon. Shares of the second-largest telecom operator in the U.S. fell by 3%. The reduction is due to the statement of chief executive officer Ivan Seydenberga, who reported that the unit mobile Verizon appreciate being able to pay dividends only after the repayment of its debt.
price securities Eastman Kodak fell 11%.
grew up investor interest in the refining sector.
market value of Valero Energy Corp., the largest refiners in the U.S. increased by 6,6%
The stock price of the largest oil refining company in the northeastern United States Sunoco Inc. increased by 2,6%.
Quotations securities refining Tesoro Corp. rose by 4,3%.
In addition, shares have risen in price Citigroup Inc. 5,2%.
price of securities of the second-largest U.S. staleproizvoditelya Nucor rose by 1,2%. Citigroup analyst recommendations to improve them to buy from hold because the expected return of the company on a profitable level in the fourth quarter.
Index Dow Jones Industrial Average up bidding on Thursday, fell 7.79 points (0.08%) - up to 9,783.92 points.
Standard Poor s 500 has decreased by 3.27 points (0.31%), amounting to 1,065.49 points.
value
Nasdaq Composite Index sank to 6.4 points (0,3%) - up to 2,126.75 points.
Increase
Dow Jones since the beginning of the year is 11,5%. SP 500 index added this year, 18%, Nasdaq - 34,9%.
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