By 1600 GMT, the index Dow Jones Industrial Average Featured yielded 77.97 points 17,907.22 points and the Nasdaq, dominated by technology, 46.32 points 4912.30 points. The broader S & amp; P 500 fell by 14.29 points, or 0.68%, to 2101.19 points.
“ There was a little excited in the morning but now it is preparing for a summer weekend, exchanges have become very calm ,” said Mace Blicksilver at Marblehead Asset Management.
He said the reflux index began Thursday reflects the fact that “ the market is at a slightly higher level and should digest the lead, and the third time the S & amp; P meets with his 2,100 points resistance threshold . ”
US investors could also worry about the collapse of major European stock markets and, to a lesser extent, Asian, especially troubled by the approach of the British referendum of June 23 on membership of the European Union.
More generally, given the United States, “ one is paralyzed ,” noted Mr. Blicksilver: “ one side there is concern for global economic growth, for a little while, the Brexit elections in this country through what will make the Federal Reserve (..) but which supports actions is that nobody wants to sell Johnson & amp share; Johnson, who reported 4%, to buy German bonds hit a negative interest rate . ”
For this reason, “ drop (market) can not go very far “, he assured.
The consumer confidence index calculated by the University of Michigan has been a little less bad than expected with a decline to 94.3 in June against 94.7 in May, without really reassure the market.
The financial sector also continued to adjust to the expected stagnation of the Federal Reserve, which if it gives up as planned next week to raise interest rates further limit revenue outlook lending activities.
Overall, “ is seen to reverse most of the elements that allowed the S & amp; P to approach record levels ” midweek, noted Patrick O Hare, in Briefing. “ The dollar is stronger, oil prices are lower, and financial stocks reeling with new lows reached for yields of sovereign bonds in the world. ”
– Urban Outfitters dives –
on the values front, Twitter fell 3.10% to 14.15 dollars. The social network announced Thursday that cyber hackers had sold on internet tens of millions of IDs and passwords while ensuring that the data did not come from an attack against its computer systems.
The drugmaker Merck will pay up to $ 1.25 billion to buy biotech company Afferent Pharmaceuticals, whose star molecule designed to treat chronic cough. It yielded 0.24% to 57.04 dollars.
The medical equipment maker Medtronic lost 0.28% to 85.54 dollars despite a court victory against the IRS that called him $ 1.4 billion.
The clothing chain Urban Outfitters plunged 6.41% to 26.14 dollars after announcing it expected a drop of about 5% of its quarterly sales at constant scope, while analysts expected a far progression.
But the accounting department to individuals H & amp; R Block soared 11.34% to 23.98 dollars after quarterly earnings slightly better than expected and increased its dividend.
The bond market was rising. The yield on 10-year Treasury fell to 1.651% against 1.677% Thursday evening, and that good for 30 years at 2.458% against 2.478% previously.
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