On Thursday, 24 September, the U.S. stock market in the first half of the trading session demonstrates the confidence of the negative dynamics. Adverse information on the secondary market, published today, called a correction in a number of sectors, and the Fed statement about the imminent reduction programs aimed at supporting the credit market put pressure on banks' quotes. Lower oil prices was the reason for the retreat of shares extractive sector.
As it became known, the number of homes sold in the secondary market in August dropped compared with July on 2,7% to 5,10 million, while the expected increase of 2,1%. Unexpected decrease in the number of applications from the unemployed to receive benefits for the past week could not overshadow the more powerful data on the housing market.
By 20:18 Moscow Time Index broad market Standard Poor's 500 is trading with a decrease of 0.92% on a mark to 1,051.10 points, light blue-chip Dow Jones Industrial Average lost 0.48% to 9,701.70 points in and the index of high-technology Nasdaq Composite traded in the red at 1.24% on a mark to 2,105.06 points.
After the publication of data on the housing market retreat of blue chips led the mining company Alcoa and heavy engineering giant Caterpillar, which quotations have decreased by 4,2% and 3,6% respectively.
In certain minus left housing builders - DR shares Horton traded with a decrease of 2,9%, and the paper Hovnanian lost 5.4%.
But in the Gaza zhilstroya found exception: market-oriented company Meritage Homes of Texas left in plus on 7,9%, after Goldman Sachs analysts raised its stock rating to neutral to buy and raised the target price 27%.
video game developer Electronic Arts, about whom rumors about the interest on the part of Microsoft, loses bid to 3,8% against the backdrop of denials issued by the representatives of the latter.
Shares in 3Com networking equipment climbed 3.6% after the company reported back for the first fiscal quarter in excess of forecasts.
Paper networking software developer Citrix Systems added 3.7% on the background of the company added in the list of definitely buy by analysts Goldman Sachs.
From the area of abnormal swings - shares of the biotechnology company Chelsea Therapeutics International failed on 64,7% after reports that the results of clinical trials of drugs Droxidopa proved disappointing.
Evraz Group has received an order to supply large-diameter pipes from TransCanada Corporation
Europe: all the maps confuse the falling sales of secondary residences in the U.S.
Negative statistics from the U.S. slapped down an attempt to increase Russia's stock market indices
U.S. Federal Reserve continues to implement its monetary policy aimed at maintaining the financial markets
FGC UES, Electrozavod and Togliatti Transformer agreed on an uninterrupted power supply in Siberia
Opinion: prosecuted for corruption of legal entities from January 1, will be difficult
The German economy is recovering, but slowly
SP: Russia's steel manufacturers ratings are at risk
Ministry of Economy: European Commission and India ended the investigation against imports of Ukrainian steel products