U.S. stocks fell Thursday, erasing an early manifestation as weak manufacturing data and concern that companies could still degrade the note relief of U.S. government Credit investors controlled about a debt ceiling agreement.
Dow Jones Industrial Average shed 110 points, or 0.9%, to 12,033 in the business of the afternoon. Previously, he briefly dropped below 12,000 for the first time since late June The action Monday on the volatile market as the increase in blue-chip index as much as 139 points immediately after opening as investors welcomed the agreement of debt weekend, only to fall into the mid-morning trading.
Standard & Poors 500-stock index fell 14 points, or 1.2% to 1278 recently, with all sectors except telecommunications losing ground. Nasdaq Composite lost 35 points, or 1.3% to 2721st
Stocks turned negative after a reading on the manufacturing sector for July has virtually no extension, renewing concerns about the state of the U.S. economy. The data did little to support the investors hope that the economic "soft patch" seen in years, and the day after the earthquake and tsunamis in Japan would give way to stronger growth in the second half.
Markets were wary of the negotiations of the United States, where the debt ceiling House and Senate have been invited to vote during the weekend plan during the afternoon. Another look at the weekend prompted some legislators pact investors feared that the transaction would not be sufficient to avoid the threat of ratings downgrades. There were also concerns that the length of conversations and severity of market movements have been started to have an impact on the economy in general.
"It 'clear that what happens in Washington affects the whole economy," said Gary Flam, portfolio manager at Los Angeles Bel Air Investment Advisors. "No more [Topics debt] to go, the more headwinds in front of us. Bulls argument was [that] you have the acceleration of the economy in the second half. And 'now called the issue".
Losses in the afternoon to get their stocks to be added to the decline of the track last week, the Dow's biggest weekly point swoon since May 2010, came as investors fretted that Washington had run out of time to fulfill the obligations of public expenditure last August 2.
Healthcare stocks were the S & P 500 worst, when he said he would cut Medicare payment rates for facilities for elderly people 11.1% in the next fiscal year, sending shares of health workers has fallen . The decision to adjust the Centers for Medicare and Medicaid Services, calls to the unexpected increase in nursing home costs this fiscal year.
Kindred Healthcare fell 31%, while Sun Healthcare Group cast Healthcare Group 53% and 44% of lost talent. Sunrise Senior Living lost 5.9%.
Merck paid 3.3% lead losers in the blue-chip Dow. Home Depot was also weak, down 2.3%.
Earnings and company reports, news headlines have been largely overshadowed by the roof of debt negotiation and the reading of the weakness in manufacturing.
"It's a combination of what is happening in Washington this morning, and macroeconomic big picture," said Joe Jennings, director of investments for the region in Maryland PNC Wealth Management.
In new business, shares in the U.S. appearing HSBC Holdings rose 2.2% after the bank reported revenue for the first half of the year that beat estimates and said it was cutting about 30,000 jobs to reorganize its global operations.
PAETEC Holdings rose 20% after the telecommunications company in rural Windstream said it plans a $ 891 million purchase of all shares in the company, which focuses on the provision of broadband services and other businesses. Windstream's shed 1.1%.
Dow Jones Industrial Average shed 110 points, or 0.9%, to 12,033 in the business of the afternoon. Previously, he briefly dropped below 12,000 for the first time since late June The action Monday on the volatile market as the increase in blue-chip index as much as 139 points immediately after opening as investors welcomed the agreement of debt weekend, only to fall into the mid-morning trading.
Standard & Poors 500-stock index fell 14 points, or 1.2% to 1278 recently, with all sectors except telecommunications losing ground. Nasdaq Composite lost 35 points, or 1.3% to 2721st
Stocks turned negative after a reading on the manufacturing sector for July has virtually no extension, renewing concerns about the state of the U.S. economy. The data did little to support the investors hope that the economic "soft patch" seen in years, and the day after the earthquake and tsunamis in Japan would give way to stronger growth in the second half.
Markets were wary of the negotiations of the United States, where the debt ceiling House and Senate have been invited to vote during the weekend plan during the afternoon. Another look at the weekend prompted some legislators pact investors feared that the transaction would not be sufficient to avoid the threat of ratings downgrades. There were also concerns that the length of conversations and severity of market movements have been started to have an impact on the economy in general.
"It 'clear that what happens in Washington affects the whole economy," said Gary Flam, portfolio manager at Los Angeles Bel Air Investment Advisors. "No more [Topics debt] to go, the more headwinds in front of us. Bulls argument was [that] you have the acceleration of the economy in the second half. And 'now called the issue".
Losses in the afternoon to get their stocks to be added to the decline of the track last week, the Dow's biggest weekly point swoon since May 2010, came as investors fretted that Washington had run out of time to fulfill the obligations of public expenditure last August 2.
Healthcare stocks were the S & P 500 worst, when he said he would cut Medicare payment rates for facilities for elderly people 11.1% in the next fiscal year, sending shares of health workers has fallen . The decision to adjust the Centers for Medicare and Medicaid Services, calls to the unexpected increase in nursing home costs this fiscal year.
Kindred Healthcare fell 31%, while Sun Healthcare Group cast Healthcare Group 53% and 44% of lost talent. Sunrise Senior Living lost 5.9%.
Merck paid 3.3% lead losers in the blue-chip Dow. Home Depot was also weak, down 2.3%.
Earnings and company reports, news headlines have been largely overshadowed by the roof of debt negotiation and the reading of the weakness in manufacturing.
"It's a combination of what is happening in Washington this morning, and macroeconomic big picture," said Joe Jennings, director of investments for the region in Maryland PNC Wealth Management.
In new business, shares in the U.S. appearing HSBC Holdings rose 2.2% after the bank reported revenue for the first half of the year that beat estimates and said it was cutting about 30,000 jobs to reorganize its global operations.
PAETEC Holdings rose 20% after the telecommunications company in rural Windstream said it plans a $ 891 million purchase of all shares in the company, which focuses on the provision of broadband services and other businesses. Windstream's shed 1.1%.
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