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mardi 25 mai 2010

The Dow Jones below 10,000 points.



Keywords: New York, JP-Morgan, WELLS FARGO & CO, MORGAN STANLEY, BANK OF AMERICA.

U.S. markets move sharply down on Tuesday. The consequences of plans rigor European concern about global growth. Consumer confidence improves.

While all European stock markets move in sharp declineAbout 4% on Tuesday, U.S. stock indices also open in sharp decline, from 2.1% to 9855 points for the Dow Jones, passing back under 10,000 points.
The S & P 500 2.2% 1,050 loose points and the Nasdaq 2.7% at 2154 points.
The Dow Jones had already closed in the red on Monday night, the lowest since Feb. 10. Capturing more frankly in the last hour of trading, it yielded 1.3%, Nasdaq limiting its decline to -0.7%. What wiped out the gains of last Friday. Wall Street has not taken advantage of the rebound in existing home resales (+7.6%) in the United States in April.
Investors were left decidedly win by anxiety. After the recent rescue of a Spanish savings bank by the Bank of Spain and plans drastic savings Detailed yesterday and Tuesday in Europe, Of Fears of war on the Korean Peninsula were added yesterday to the reasons for nervousness room.
Investors still keep an eye on key indicators: Index Case Shiller house price for March, broadly in line with expectations and that of consumer confidence at its highest in two years.

Property for:
On Tuesday, the S & P / Case-Shiller index, which measures home prices in 20 metropolitan areas, remained unchanged in March, the U.S., but they show a decline throughout the first quarter, 0.5% cons -0.4% expected. Over a year, the indicator shows an increase of 2.3%, close to expectations of economists who expected an increase of 2.4%.
According to Aurel Bgc, real estate indicators are difficult to interpret because very affected by the end of the federal tax credit. But aside from these indicators, "indicators on confidence and household consumption will be very oriented property. Orders for durable goods, which will be announced Wednesday, is expected to grow significantly over the month of April. "
Side consumer confidence index has been increasing more sharply than expected: the index of the Institute Conference Board stood at 63.3 in May, its third consecutive month of increase.

Values follow:
As for companies, banking stocks remain highly supervised, they have sealed on Monday evening the two historical indications, a relapse of -3.7% Bank of America and 3.6% of JP-Morgan, - Wells Fargo 4.75%, -5% of Morgan Stanley.
Thus, BoA still falling 2.4% to $ 15, JP Morgan 2.15% to 37.8 dollars, Wells Fargo 3.55% to 27.6 dollars and Morgan Stanley by 3% to $ 25.
Amazon.com (U.S. $ 119.8 -2.5%) also held its general meeting on Tuesday. The company, which ranks among the world's leading online distribution of consumer products, announced some time ago of strong quarterly results.

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