Tag Archive | "Dow Chemical"

US indexes decreased after bad fundamental data


Wall StreetThe 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.
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