United States: need a breather after rally

 

Wednesday, August 26, the main stock indexes of the United States as a result of better yield than expected data on the volume of orders for durable goods, as well as increased sales of new homes after a volatile trading session still finished the day with a small positive results.

Rumors about a possible reduction of over-production among China's steelmakers and cement producers sowed fears about slower than expected earlier, the restoration of the world economy, which carried away many of the shares in the red zone.

, released statistics showed off orders for durable goods in July at the maximum for the last 2 years the value of 4,9%, while the expected increase of 3%. Sales of new homes in the same period rose from 384 thousand to 433 thousand against the projected increase to 390 thousand, which could support the paper's real estate sector.

uncertainty that prevailed in the markets, can also partly explain the expectations of the revised GDP output for the second quarter during the next trading session.

At the end of trading the barometer of blue chips Dow rose to 0,04% to a value of 9 543.52 points, while a more broad index of SP 500 was strengthened to 0.01% and closed at 1 028 , 12 points. Rate with a large proportion of high-tech stocks Nasdaq added 0.01% to the value 2 024.43 points.

Quotes industrial companies left in the negative even though upbeat data on orders for durable goods in July. Shares of General Electric slid 1.3% to $ 14.11, while the construction equipment manufacturer Caterpillar fell 1.2% to $ 47.25.

Papers

steelmaker US Steel fell 2.4% to $ 43.24 on rumors about the possibility of limiting China's investment in the industry.

Shares

home goods retailer Home Depot added 0.9% to $ 27,57 against the backdrop of yield data signaled improvement of the national housing market. Quotes builder D.R. Horton went up by 5.7% to $ 13.79, while its rival Beazer Homes recovered by 5% to $ 4.23.

Paper engineering Jacobs Engineering Group fell 2.8% to $ 45.10 after analysts Johnson Rice Co lowered the recommendation on the shares to assess good market and said the current price quotations and the possibility of slower customer spending of oil and gas industry.

Quotations discount-retailer Family Dollar Stores strengthened by 4,7% to $ 50.13 after its competitor, Dollar Tree reported quarterly revenue and earnings exceeded the average analysts' expectations and raised its profit forecast for the year.

Shares

retailer Williams-Sonoma, engaged in selling goods for the kitchen, soared 11% to $ 17.21. The company earned during the second quarter with the exception of a number of residues was 5 cents a share, against the projected loss of 9 cents.

Crude oil futures for October delivery to the end of trading lessen the cost 62 cents and closed at $ 71.43 per barrel. Report U.S. Department of Energy showed an increase in resource stocks over the past week to 0.2 million barrels to 343.8 million, while expected to fall to 1.15 million barrels.

Contracts for gold on the COMEX electronic trading for delivery in December fell 20 cents and ended the day at $ 945.80 per troy ounce. Yield of 10-year Treasury bond is almost unchanged and amounted to 3,43%.

In currency trading the dollar gained strength against the euro and weakened against the Japanese yen.

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