The New York Stock Exchange ended sharply lower Monday, digging at the very end of the session heavy losses last week in a market worrying about the outlook for global growth: Dow Jones yielded 1.35% and the Nasdaq 1.46%.
According to final results, the Dow fell 223.03 points to 16,321.07 points.
The Nasdaq, dominated by technology, fell by 62.58 points 4,213.66 points. He lost more than 8% since September, when he had reached levels not seen since 2000
The broader S & amp;. P 500 dropped 1.65% or 31.39 points to 1874.74 points closing at its lowest since May
After fluctuating around equilibrium for much of the day, the indices have slipped into negative territory as we approach the end .
In the absence of major new information, this movement is especially “after what happened last week and is directly related to concerns about global growth,” said Art Hogan Wunderlich Securities.
The New York site has indeed gone through a turbulent period last week, the Dow Jones returning Friday under the same level at the beginning of the year.
Investors are also a bit scared when the S & amp; P 500 fell below the average of 200 days, according to David Levy of Kenjol Capital Management. “This is a technical element considered a good indicator for the long-term trend, it is the first time since 2012 that closes below,” said he said.
Especially in an environment where the indices seem caught in a downward spiral, “the market needs positive catalysts to rise again and there was no indicator or result of business (Monday ) on the agenda, “said the specialist. On this day semi-holiday in the United States (Columbus Day), the bond market was also closed.
“It is not yet known whether this falls just a small blip in a simple drop that will not exceed 5%, or if it begins a more difficult period,” commented on his side Mace Blicksilver of Marblehead Asset Management. In this context, “nobody wants to play the hero and take big risks.”
A sign of the nervousness, the VIX, or “fear index”, finished 24.64, its highest level since June 2012
-. Fears related to Ebola –
Investors now expect the rest of the season results in an attempt to find a direction. Tuesday it will be the turn of including major financial institutions JPMorgan (-0.62% to 58.16 dollars), Citigroup (-0.42% to 49.90 dollars) and Wells Fargo (-0.87% to 50.20 dollars).
In addition, fears of Ebola returned to the front of the stage with the confirmation this weekend by American health officials first acquired infection in the United States.
“It weighs on the airline industry and tourism,” noted Mace Blicksilver.
As for airlines, United Continental has lost 7.29% to 40.59 dollars, Delta Airlines 6.11% at $ 30.90 and Southwest Airlines 5.53% at $ 28.88.
reservation sites Orbitz and Expedia travel by internet lost respectively 4.99 % at $ 7.42 and 5.75% to 76.34 dollars.
The new lower price of oil, to its lowest since 2012 in New York since 2010 and in London, also weighed on shares of energy-related companies. Chevron has lost 1.63% to 112.03 dollars and ConocoPhillips 3.25% to 68.07 dollars.
Among the other values of the day, the railway company CSX Corp., which according to the Wall Street Journal was approached by his Canadian counterpart, Canadian Pacific Railway for a merger, jumped 5.88% to 31.70 dollars.
Chrysler Fiat Automobiles, born from the merger of the Fabbrica Italiana Automobili Torino (Fiat ) and its American subsidiary Chrysler, started quietly Monday’s trading on Wall Street. The stock finished at $ 8.92, representing an increase of 0.22% over the closing price Friday of certificates of deposit (American Depositary Share, debt) group.
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