U.S. stock indexes fell Tuesday on weaker background statistic data, as well as falling oil prices, offsetting the positive statements of a number of companies, reports Bloomberg. U.S. index futures dropped on Wednesday, reducing their quotes is 0,1-0,2%.
Share prices of construction companies fell after the publication of data of the Ministry of Commerce of the less significant than expected, increasing the number of new buildings in the country.
Number of new homes in the U.S. in September rose by 0,5% and amounted to 590 thousand homes on an annualized basis, analysts predicted increase this figure to 610 thousand homes.
number of permits for housing construction last month fell to 573 thousand, while economists expect a rise to 595 thousand Number of permits shows the pace of building houses in the near future.
data on the housing market have become an unpleasant surprise, as forecasts for this sector were mostly positive, said chief investment officer at Fifth Third Asset Management Inc. Keith Wirtz.
The disappointment of investors affects the market, which is very sensitive to the flow of news, - said the expert.
Cost shares
Pulte Homes, the largest construction companies in the U.S., sank up to the auction at 5%, paper Lennar fell 2.9%.
Shares
retailer Home Depot, sells products for homes, dropped in price by 2,4%.
negative impact on the market had other statistic data - on U.S. producer prices for September. Index PPI last month unexpectedly fell by 0,6% whereas experts did not expect to change it.
Papers
Coca-Cola fell 1.3%. Net profit of the world's largest producer of soft drinks in the third quarter grew less than 1%. The company's revenues at $ 8.04 billion was worse than the average forecast of the market is $ 8.15 billion
Boeing's share price fell by 2.9% after the deterioration of the recommendations for securities aircraft manufacturer to below market with at market analysts of Morgan Stanley. According to experts, the negative pressure on the company's stock may have a high probability of further delay deliveries of aircraft 787, a negative cash flow in 2010, as well as weak demand for aircraft.
Quotations securities commodity companies, including Exxon Mobil and Alcoa, down on the basis of bidding on the background of falling prices for copper and oil. Podyndeks SP, in the calculation which includes the shares of this sector, fell by 1,1%. Copper prices fell after rising to a maximum level for the year, contracts for petroleum of mark WTI has fallen to 0,7% - to $ 79.9 per barrel.
Apple's stocks went up by 4,7%, Texas Instruments - on 0,6%, Caterpillar - by 3%. Financial performance of these companies over the past quarter exceeded market forecasts.
Results 79% of companies index SP, published accounts for the third quarter, were better than forecasts.
Index Dow Jones Industrial Average fell to the closure of the market on Tuesday at 50.71 points (0.5%) - up to 10,041.48.
Standard Poor s 500 dropped to 6.85 points (0.62%), amounting to 1,091.09.
value
Nasdaq Composite Index declined by 12.85 points (0.59%) - to 2163,47.
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