Wall Street ended down Wednesday as weak trade encouraged volatility on the eve of a closed session for the New Year: the Dow Jones yielded 0.89% and the Nasdaq 0, 87%.
According to final results, the index Dow Jones Featured lost 160.00 points 17,823.07 points and the Nasdaq, dominated by technology, 41.39 points 4,736.05 Points .
The broader S & amp; P 500, often favored by investors, it has declined by 1.03% or 21.45 points 2,058.90 Points
. During the first half of the session, the Stock Exchange of New York has just rebounded Tuesday after a fall, but it is again oriented in the red just after noon and increased its drop just before closing.
Like yesterday, “it is primarily a technical downturn, without changing the basic elements” who encouraged a sharp rise in indices since mid-December, said Peter Cardillo of Rockwell Global Capital .
Actions are “sold at the last minute, at the end of the year,” and variations are accentuated by “the low volume of trade,” he said.
In this lively little context, the market reacted little to the last series of US indicators of the year, a rise in weekly jobless claims in the US, a decline in economic activity the Chicago area in December and rebound as expected housing sales promises in the country last month.
The set did not change the economic strength image American, “the first two digits were a little disappointing, but home sales are frankly good,” Peter Cardillo found.
In addition, Wall Street had to digest “the ever-present pressure on prices crude oil, “noted the experts at Charles Schwab.
Oil prices have indeed completed the year with a further decline after experiencing their worst year since 2008, sealed by a global offer black gold superabundant and gloomy demand outlook.
The bond market was rising. The yield on 10-year Treasury fell to 2.170% against 2.190% Friday night, and that good for 30 years at 2.749% against 2.758% previously.
31/12/2014 22 : 29: 28 – New York, December 31, 2014 (AFP) – © 2014 AFP
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