U.S. stock market fell because of excessive growth of quotations, futures decline on Tuesday
Aug 11th, 2009 | By admin | Category: Scenario and forecastsStock Indexes United States dropped on the basis of bidding on Monday, as a result of a four-week rally relevant quotations stock profit rose to a maximum of five years, reported Bloomberg.
futures on U.S. stock indices falling slightly on Tuesday: the September contract on the Dow Jones Industrial Average to 8:20 PM EDT lost 0.05%, and Standard Poor s 500 - 0.09%.
it was reasonable to assume that the market will make a break after weeks of growth, - said the representative of Federated Investors Inc. Lawrence henchman. - This long-term movement in one direction unnatural for the market. Parcialmente pause to normal, and possibly healthy.
SP 500 Index last week rose by 2.3% and for the first time since November, has exceeded 1000 points on the background of positive statdannyh on the state of the U.S. economy, which allowed investors to hope for a rapid end to the recession. At the opening of trading Monday, the value of the shares from the list of SP 500 in 18.6 times the profits of companies, the last time this value was recorded in December 2004.
Quotations
Securities State Street Corp. decreased by 2.4%. The company announced that the volume of reserves $ 625 million, created in 2007 to settle claims for losses of low quality mortgages, could be depleted in the near future.
3M stock price declined by 2.7%.
rate securities leading manufacturer of network equipment Cisco dropped 2.5%.
subindex resource companies SP 500 fell by 1.6%. The leading U.S. aluminum company Alcoa lost its bid on Monday to 2.4% of market value because of lower prices for metals. Stock Quotes second largest steel producer in the United States Nucor Corp. fell by 4.1%.
subindex retailers, housing and construction companies, restaurants dropped 1.2%.
The value of the shares
Eli Lilly Co. fell by 3%, Best Buy Co. - At 5.3%, after Goldman Sachs impair the ratings of securities of both companies.
market capitalization of Ford Motor Co. decreased by 3.6%.
number of consumer bankruptcies in the United States has grown since the beginning of the year more than a third, to December 31, it could reach 1.4 million, according to the industry group American Bankruptcy Institute. In July, a declaration of bankruptcy filed more than 126 thousand Americans, or 34% more than during the same month last year.
stocks mortgage company Freddie Mac soared to 128% because it had a quarterly profit for 2 years and made it clear that could do without additional gospomoschi. During the April-June, the company earned $ 768 million
Index Dow Jones Industrial Average, on the basis of trades fell by 32.12 points (0.34%), amounting to 9,337.95 points.
Standard Poor s 500 per day dropped 3.38 points (0.33%) - up to 1007.10 points.
Nasdaq Composite index rose by 8.01 points (0.40%) - up to 1,992.24 point.
The forecasts of analysts: To continue the growth of the Russian market requires a simultaneous rise in the commodity and the stock of external sites
Today is expected to publish data on labor productivity in the United States, which is estimated to increase by 5.5%
The fall of the Russian market may continue without significant deterioration in global sites, due to the fall of the ruble
Today quotes the popular papers and the main Russian indices should find a way out of the five lateral corridor
In the 1 half of 2009, RAO ES the East to reduce power by 6%
European stock markets on Monday retreated slightly from its previous position
Seasons accounting came to nothing, reports continue to appear, but a significant impact on the market can no longer provide
Overview of the foreign exchange market 11.08.2009
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