The U.S. indexes started the session in negative territory Tuesday after disappointing results from Dow Chemical and Procter & Gamble and the adverse economic news worsened investor sentiment. Profits to P & G and Dow Chemical was less than analysts’ expectations, leading to a decrease in their papers by 3.4 percent to 59.94 dollars and 10 percent to 25.50 dollars. Basic data from the U.S. also contributed to the deepening decline in the indexes after the planned sales of existing homes in June celebrated the unexpected drop of 2.6 percent in the forecast growth of 0.9 percent. Individual factory orders for the same month fell 1.2 percent, which was worse than the consensus, which showed zero change. The positive pole of the papers ran Pfizer Inc, which rose 5.6 percent to 16.34 dollars after the manufacturer of the drugs produce better than expected profits and make a positive long-term prognosis. This somewhat helped the market recover some of its losses.
In the session with high volumes of trade three main index closed in red. Dow Jones Industrial Average fell 0.4 percent to a level of 10 636.38 points, S & P500 decreased by 0.5% to a level of 1120.46 points and the Nasdaq Composite fell by 0.5 percent to 2283.52 points. Volumes traded on the NYSE were about 1 billion shares in the ratio of losers / winners 3 to 2, while the Nasdaq – about 2 billion shares in the ratio of losers / winners 2 to 1.