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Wednesday, September 15, 2010

Dow goes down suddenly

Although retail sales in August increased the second consecutive month, but the session key, key indicators on the American stock market turmoil and the increasing decline. Dow Jones and S & P 500 slipped slightly, the Nasdaq continued to pen out.
Fasteners session on 14 / 9, the Dow Jones Industrial Index slid 17.64 points, 0.17% respectively, down to 10,526.49 points. The S & P 500 fell 0.8 points, respectively 0.07%, to 1121.10 points. While the Nasdaq index up 4.06 points, 0.18% respectively, to 2289.77 points.

 
The market rose in most of the time the transaction by the good news about retail sales and business inventories. As the U.S. Department of Commerce, retail sales in August rose 0.4%, after increasing 0.3% in July. Retail sales, excluding automobiles, up 0.6%, double the forecast of experts.

 
The optimism of investors to quickly reduce the price of gold continues to rise and some unfavorable information from the international market, as investor confidence decreased substantially in Germany in September, industrial production zones common currency in Europe slowed in July, the yen soared again the highest level in 15 years against the dollar.

 
Shares of Bank of America down 1.9%, stocks pulled the index banks, financial institutions in the S & P down 50 deep against the other 24 sectors. Tech stocks up strength. Cisco shares rise 0.9%, HP shares up 2.6%. Mining company shares rose 4% New Mont after gold prices set a new record.

 
However, according to analysts, the Dow Jones and S & P 500 was up 8 / 9 session recently, so the market stop a session to blow off steam is normal, no need to worry. This is the second session down 2 points this month on the two indices. Prior to that, Monday 7 / 9, Wall Street has declined due to worries about the European banking system.

 
Although slightly lower in session 14 / 9, but S & P 500 remains above the average of 200 trading days is 1.115 points, after crossing the threshold into this earlier this week. Currently, analysts see 1130 point threshold resistance is important for this index. If overcome, the S & P 500 will advance further.

 
Trading volume on the 3rd floor New York, American and Nasdaq have been more profound, reaching 7.2 billion shares, but still lower than the average daily trading 9.65 billion shares last year. Shares fell more points on the floor increases the rate 1,2:1 New York, while the Nasdaq, the shares fell to five stocks rose for a fourth.

 
European Regional stocks continue to maintain upward momentum in session 14 / 9. Britain's FTSE 100 index up slightly 1.88, respectively 0.03%, to 5567.41 points. Germany's DAX Index increased 13.73 points, corresponding to 0.22%, to 6275.41 points. France's CAC 40 index increased 7.25 points, corresponding to 0.19%, to 3774.40 points.

 
Same way with U.S. securities, other Asian markets also have major fluctuations in the trading session, the yen soared again the highest level in 15 years against the dollar, after the victory of Prime Minister of Japan Naoto Kan Ichiro Ozawa rival in the race to chair Democratic Party chairman.

 
End of session, the Nikkei 225 down 0.24% from Japan, South Korea's Kospi down 0.2%, Singapore's Straits Times Index down 0.59%. In reverse, Shanghai Composite Index increased slightly by 0.01% China, only Hong Kong's Hang Seng up 0.17%, Taiwan's Taiex index increased 0.51%.

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