U.S. index unexpectedly fell on Tuesday in anticipation of the Fed signals
By admin at 23 February, 2010, 5:15 pm
U.S. indices unexpectedly concluded the session on Tuesday reduced by changing the direction of movement in the last hour of trading, reported Bloomberg. Exit strong statements of a number of companies, as well as news about the growth of consumer confidence in the U.S. economy did not compensate for resin nervousness of investors associated with the two-day meeting of the Fed.
Paper Apple went up by 1.4% after the company reported an increase in profits for the past quarter, up 50% over the same period last year due to good sales of the iPhone and other electronic devices.
Cost
EMC shares rose 4%. Earnings computer manufacturer for the fourth quarter exceeded expectations.
market value of Tellabs, which develops networking equipment, soared by 12% - the maximum growth among all the shares included in the calculation of the SP 500 index.
Markets also met with optimism to the news that the index of consumer confidence in the U.S. economy, produced by the research organization Conference Board, in January rose to the highest since September 2008.
1000
At the same time, a two-day meeting of Federal Open Market Committee (FOMC) Federal Reserve System (FRS) the USA on January 26-27, again led investors to think about the prospects of downsizing measures to stimulate the economy. While most experts, analysts and market players do not expect any important decisions on the results of the meeting, investors are tensely watching every possible signals the beginning of the tightening of monetary policy in the near future.
These concerns have caused reduction podyndeksa banking SP 500 by 1,7%. Paper JPMorgan Chase Co. fell 2%.
Verizon, the second largest telecom operator in the U.S. unexpectedly recorded a net loss for the fourth quarter of last year of the Action. As a result of quotations of securities of the company dipped 1.7%.
Shares
staleproizvoditelya largest U.S. sales volume US Steel Corp. fell 12%. The company reported a loss that exceeded analysts" expectations, and expects an operating loss in the first quarter of 2010.
Index Dow Jones Industrial Average fell 2.57 points (0.03%) - to 10,194.29 points.
Standard Poor "s 500 has decreased by 4.61 points (0.42%), amounting to 1,092.17 points.
value
Nasdaq Composite Index sank to 7.07 points (0.32%) - up to 2,203.73 points.
Banks with the interim administration: that they are
How do they pay deposits and interest thereon and maintain payment cards ...
If the MICEX index will go for 20-30 points lower, it will be possible from a technical point of view, the probability of a decline to 1200-1250 points
Markets have not yet determined the medium-term direction of further movement
Key events today - the publication of the results of the next meeting of the U.S. Federal Reserve and Obama"s speech - will take place after the close of trading in Russia
In the second half of the session, most likely the continuation of the correction on the equity market
During the day will be observed multidirectional movement of quotations, in the afternoon session of the possible growth of securities of certain issuers
Total to date on Russia"s stock market will be neutral
In the short-term technical factors largely provide some stabilization quotes Russia"s monetary unit
Today will be shaped rebound up to the nearest resistance level: 1400 and 1420 points on the MICEX
No comments yet.