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mardi 4 mai 2010

Wall Street plunges in the red .



Keywords: market, Scholarship, conjuncture, WALL Street.

The NYSE loose more than 2%. As in Europe, investors fear a spillover of sovereign debt problems.

U.S. markets plunge. While Dow Jones was awarded 1.30% yesterday the leading index tumbles New York on Tuesday. Around 5:00 p.m., the Dow Jones loose 2.18% to 10,910 points, the Nasdaq was down 2.99% to 2424 points while the S & P 500 lost 2.42% to 1173 points.
Like their EuropeanU.S. investors fear a risk of contagion from problems of sovereign debt in Europe. The reason: Spain. Some traders suggest markets rumors that some rating agencies - Moody's and Fitch - are about to degrade the debt rating of the country Or that it is about to seek financial assistance from the IMF. Information immediately contradicted by the rating agency Fitch Ratings which reaffirmed the rating of "triple A" she attributes to the sovereign debt of Spain, with a stable outlook.
These are European fears overshadow the good indicators released after opening. The industrial orders rose 1.3% in March against an expected decline of 0.1%. Moreover, the promises of sales climbed 5.3% while the market waited 4%.

Apple guarded:
European problems also overshadow the series of results published on Tuesday.
The technology sector could still benefit from the announcement of sales of iPad ofApple (-1.99% To 261.03 dollars) and statistics of the Semiconductor Association (SIA). The firm's Apple announced it had crossed the threshold of Friday one million copies of its new tablet computer iPad sold. The group emphasizes that the sales launch were more than double those of the iPhone in 2007.
Pfizer (2.48% to 17.33 U.S. dollars) has issued an adjusted earnings per share of $ 0.60 in the first quarter and a turnover up 54% to 16.8 billion dollars.C is better than expected given the consensus earnings per share of $ 0.53 and a turnover of 16.58 billion.
Merck & Co (2.57% to 36.18 dollars) is a condition better than expected quarterly profit to 299 million dollars o. Excluding items, earnings per share (EPS) totaled 83 cents against 75 cents expected by analysts.
Xerox (-2.81% To 10.74 dollars) announced Tuesday that it expected an annual profit in the high margin goal in 2010 thanks to cost cuts and expansion of its business services, and that an increase of 1 to 3% of its annual turnover.
Teva (-1.57% To 59.09 dollars) a giant global generics, reported earnings per share excluding items of 91 cents against 71 cents a year earlier, while turnover increased by 16 % to 3.7 billion dollars.
MasterCard (1.06% to 253.09 dollars) has issued a 24% increase in earnings in the first quarter to 455 million dollars against 376 million a year earlier.

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