The U.S. indexes started the session with a sharp drop on Monday after the prospect of lowering the credit rating of Italy reinforce fears about the state of the global economy. The international rating agency Standard & Poor’s said late last week that Italy’s credit rating may be reduced if the country fails to limit accumulation of new debt and accelerate economic growth. Uncertainty causes severe volatility in the market, says Kevin Gids, an analyst at Morgan Keegan & Co. Dow Jones Industrial Average fell 1.08 percent to 12,377 points. Standard & Poor’s 500 lost 1.23 percent to 1317 points *. Among 10 industry groups of the index, the least present companies in the energy sector.
Nasdaq Composite dividing by 1.67 percent to 2756 points. In New York, U.S. futures for light sweet crude for delivery in July fell 2.97 percent to 97.13 dollars per barrel.

A disappointing data on U.S. economy dominant services sector brought hesitation among investors on Wall Street at the beginning of today’s session. The indexes changed direction several times to move, which contribute to raising interest rates in China, which surprised financial markets. Hour and a half after the start of trade price-weighted Dow Jones IA index added 0.1 percent to 12,419 points, while the broad S & P 500 also rose by 0.1 percent to 1335 points. The index of companies by the exchange Nasdaq – Nasdaq Composite, moved more tangible by 0,4 percent to 2799 points, led by the good performance of technology companies. The reluctance of investors came after news of another reduction in the rating of government securities of Portugal. The first U.S. economic data this week showed that the services sector, which is leading the U.S. economy has lost momentum in March. This index showed business activity in the sector, which fell unexpectedly to 57.3 compared to 59.7 points in February. Market expectations had its value to rise slightly to 59.8 points. The services sector growth marks, when the indicator passes the level of 50 points. The session ended on Monday with minor changes of indices in the absence of data on the U.S. economy.
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The U.S. indexes suffered sharp decline on Tuesday as the Dow Jones dropped to levels of around 11,000 points for the first time in four weeks because of fears of investors that China may follow the example of South Korea to raise interest rates to curb inflation. “People see China as a consumer of goods and a major exporter, so that fear is a wave effect, if they deliberately try to slow its economy,” said Mark Padoa, market strategist at Cantor Fitzgerald. Dow Jones Industrial Average fell 1.59 percent to 11,024 points. Earlier in the session the index fell below 11,000 points for first time since October 20th. Home Depot Inc. and Wal-Mart Stores Inc. were the only winners among the 30 components of the Dow, after both retailers said profit growth for the third quarter. The S & P 500 closed for the fourth consecutive session with a fall – the longest series of negative index in August. S & P closed down by 1.62 percent to 1178 points, as companies for raw materials and energy sectors were hardest hit by the auctions. Nasdaq Composite Index fell 1.75 percent to 2470 points. In a second massive sell for the past three days, the Chinese Shanghai Composite lost 4%. South Korean shares also fell after the central bank in Seoul raise interest rates.
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The U.S. indexes ended the session mixed on Wednesday, amid disappointing data on job creation and once on Tuesday went up to 5-month high. Data for new jobs “disappointed on all paragraphs,” says analyst Action Economics. After a highly volatile session Dow Jones Industrial Average rose 0.21 percent to 10,968 points. General Electric Co. was the best performing company in the index and the shares gained over 2%. General Electric, the largest U.S. conglomerate announced a deal for $ 3 billion acquisition of Dresser Inc. and also announced it will buy assets for 1.6 billion dollars from Citigroup Inc. Shares of aluminum producer Alcoa Inc also increased. The S & P 500 Index fell 0.07 percent in 1160 points from the ten sectors of the index, the least is known telecom companies and the most energy. The Nasdaq Composite Index fell 0.80 percent to 2381 points. Data on Employment Agency revealed that in September lost 39 thousand jobs instead discovered 20 thousand new as predicted – the first loss positions in seven months. Despite the negative report on employment encourages bearish sentiment, it also feeds speculation that the Fed may take further actions to support the U.S. economy.
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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.
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The U.S. shares lost positions in the last hours of trading stock on Thursday, with unsatisfactory results dragged down shares of companies trading in consumer goods, while the energy sector has suffered due to uncertainty about the moratorium on drilling for oil in deep waters. Standard & Poor’s 500 has made a loss for the fourth straight day – the longest red index series for seven weeks. S & P 500 fell 1.68 percent to 1074 points. Nasdaq Composite lost 1.63 percent to 2217 points. “The mood of the market is bleak,” said Steve Sosnik, strategist Timber Hill LLC / Interactive Brokers Group LLC. “The feeling is not good, and the reason is not just one article or adopting a new law. This is a disease, “he added. Dow Jones Industrial Average lost 1.41 percent to 10,153 points. J.P. Morgan Chase and Bank of America lost their positions in anticipation of new details about the legislation governing the financial sector, which is expected to agree the Senate and Congress in Washington. The new law is likely to tighten control over the financial sector more than analysts expected. Lawmakers have agreed on new capital requirements for banks that will have a five-year grace period. According to a clause proposed by Congress, the White House administration will be able to levy any bank that failed to repay the Federal Reserve rescue packages for granted during the financial crisis.
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Today’s session began on Wall Street with strong increases in the indexes in line with the positive wave that swept and securities markets in Asia and Europe. Investors welcomed the better than expected sales figures for new homes and orders for production of durable goods in the U.S., which showed the economy recover. Before the start of stock trading today showed that new orders for the production of durable goods in the U.S. jumped 2.9 percent on a monthly basis in April, which was twice as high as expected. The reported growth also is fourth in the last five months, which predicts greater activity in the manufacturing sector of the country. Even more encouraging were the data on sales of new U.S. homes last month, which increased to 504 thousand housing units annually. This is 15% above the March level and their highest value in the past two years. Sales of new homes are leading indicator for the state of the economy and consumer attitudes. The index of the 30 largest U.S. stock market liquidity and Dow Jones IA companies increased by 1.3% to 10 170.87 points and a half hours after the start of the session. The broader S & P 500 advanced at the same time with 1.2% to 1 086.73 points and Nasdaq Exchange main index Nasdaq Composite rose by 1.6% to 2 246.96 points.
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The main stock indexes in the U.S. began to decline for the first trading week, continuing losses from the previous two sessions. Literally in the last minutes before the close of the market, however, shares began to recover and could be out of positive territory, although a few hours earlier had achieved reductions of around 2%. In bearish sentiment on the day stood back to Greece worries and debt problems in other European countries. Negative forecast disclosed in the chain stores for household goods Lowe’s Cos., Also outweigh the market. “The market and its players do not believe that the plan for Europe associated with the suspension of high costs and reducing debt will work without first have a significant impact on the economy,” Kevin told MarketWatch Gidis brokerage company of Morgan Keegan. For registered gains against the backdrop of these concerns helped technology stocks and those in the field of trade. Dow Jones Industrial Average rose 0.06 percent to 10,267 points, the broad S & P 500 recorded a growth of 0.1 percent to 1137 points, and Nasdaq Composite increased in value by 0.3 percent to 2354 points. Chain Lowe’s Cos., Which is second largest sector in the U.S., announced yoy growth of 2.7 percent in profit to 489 million dollars for the first fiscal quarter ending in late April. The result was higher than average forecasts of analysts, but they remained disappointed by the export outlook for the current quarter.
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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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The U.S. indexes made a step backwards at the beginning of today’s session, which last for the current quarter after disappointing data on the labor market of today. They showed that employment in the private sector of the U.S. economy unexpectedly fell in March, with another 23 thousand people were unemployed. Market expectations were for an increase in the number of jobs by 40 thousand this month. Worse than expected and proved data on factory activity in the North Western United States, which slowed its pace of growth in March. The index of economic activity in the factory sector in the Chicago area dropped to 58.8 points in March to 62.6 in February. The indexes withdrew part of its initial decreases after it became clear that new orders for the production of manufactured goods rose for the sixth consecutive month in February. This is a good sign for the economy because it portends greater activity in the manufacturing sector in the coming months. The index that tracks the value of new factory orders rose by 0.6 percent compared to January when increased even more by 2.5% on a monthly basis. The index of 30 most traded companies with the highest market capitalization Dow Jones IA lost 0.1 percent to 10 891.7 points an hour after the start of the session. The broader S & P 500 gave up 0.1 percent to 1 171 points and Nasdaq Exchange Nasdaq Composite main index remained unchanged at 2 410.57 points.
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