Last week was one of the most tense in the history of Wall Street not only because of technical error caused a record drop of 9 percent of the index Dow Jones IA, but also because it deleted all the profits of the three major U.S. indexes made by the beginning of this year. The adjustment of the securities markets may continue this week if it announced an unprecedented rescue plan for the euro area economic data for the U.S. and quarterly reports to stock companies bring comfort to investors, says CNN. Among large American companies will announce their quarterly reports in the coming days are Cisco and Walt Disney, composing the representative index Dow Jones IA. Meanwhile, go forth series of economic data on labor market, consumer confidence and retail sales, which analysts say will confirm recovery of U.S. economy. At the end of last week’s data on the labor market showed that the U.S. economy has created 290 thousand jobs in April, which was much more than expected. However, the markets attention remained focused on the financial problems of the euro area and in particular Greece, Spain, Portugal and Ireland. They pulled down the rate of the euro against the dollar to 14-month low of 1.2595 dollars per euro on 6 May and expensive dollar lower oil prices and the number of raw materials. Computational error in the electronic trading platforms on the New York Stock Exchange on Thursday hit the shares of 300 companies that Dow Jones IA fell by nearly 1,000 points in less than 10 minutes, and this is the biggest drop in its historical perspective. Less then two thirds of the decrease was deleted, but volatility remained high trade by the end of the week.
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