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jeudi 6 mai 2010

Wall Street still in the red.



Keywords: markets, scholarship, conjuncture, Wall Street.

The NYSE began its third consecutive session in negative territory. The problems of sovereign debt still worried.
Wall Street can not restore confidence on Thursday. For the third consecutive week, the U.S. markets start sitting down. A few minutes after opening, Dow Jones let loose 0.20% to 10,843 points, the Nasdaq 0.14% to 2.397 points and the S & P 500 lost 0.19% to 1164 points.
On the foreign exchange market, The euro fell in the morning to a new low since March 12, 2009 at 1.2752 dollar, while Greek crisis never fails to stir the market. Investors were disappointed by Decision of the ECB to keep interest rates unchangedWhile some wanted the European monetary authority takes steps to stem a possible spillover of the crisis of Greek debt to other countries in the euro area.
As for its macroeconomic indicators, good news came on the employment front. Entries weekly unemployment declined in the United States during the first week in May, against 444,000 451,000 the previous week, according to the Department of Labor. Economists had expected jobless claims averaged 440,000.
In addition, productivity gains of U.S. companies have been higher than expected first quarter. Productivity increased 3.6% over the fourth quarter, while analysts expected an increase of 2.5%.

Freddie Mac and distributors in the viewfinder:
On the side of values, Freddie Mac has asked yesterday in federal funding additional 10.6 billion dollars in U.S. Treasury. At the end of 2008, the Treasury has pledged to cover an unlimited losses for Freddie and Fannie until 2012. This new application brings to more than $ 61.3 billion total spent on federal aid to rescue Freddie Mac. In trading, the shares drop 4.20% to $ 1.37.
Distributors Costco Wholesale Corp. and Gap reported sales difficult last month, up just 0.5% for the first and were down 3% for the second comparable basis. Consequence: their respective securities fell 3.02% to 58.54 dollars and 3.32% to 23.86 dollars.
The telecom equipment supplier, JDS Uniphase (-14.74% To 11.71 dollars) has announced a loss of 11.9 million (101.7 million against last year). The sales were above expectations at 332.3 million dollars. The company said stronger growth in its order book for 2 years in the first quarter
The publisher of software security Symantec (4.92% to 17.05 dollars) announced a profit of 184 million dollars and the video game publisher, THQ, significantly reduced its losses to 10.4 million against a deficit of nearly $ 100 million a year last.
Group CBS (-1.86% To 15.29 dollars) recorded a loss of posting $ 26.2 million for a turnover of 3.16 billion.

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