Showing posts with label dow jones. Show all posts
Showing posts with label dow jones. Show all posts

U.S. Stocks Zigzagged Early Friday

U.S. stocks zigzagged early Friday in a report better than expected jobs were not enough investors calm. The Dow Jones Industrial Average was recently down 8 points, or 0.1%, and 11 376 in volatile trade. Blue-chip index rose 171 points to the beginning of negotiations, but has lost all its profits in the first half hour of trading. Then it was restored after more than 70 percentage points less.

The Dow Jones fell 512 points Thursday, its biggest drop since December 1, 2008. It is in the red for the year and fell more than 10% below the closing high of 2011 in April, putting it squarely in the territory as the correction.

The Standard & Poor's 500 index fell 2 points, or 0.1% in 1198, led by financial stocks and low tech. Technology-oriented Nasdaq Composite lost 12 points, or 0.5%, to 2544, trade in the tender.

The action comes as the U.S. economy created 117,000 jobs last month was more than economists expected. The unemployment rate edged lower to 9.1%, which should help alleviate concerns that the next recession could be around the corner. Recent reports have shown a decline in private consumption, a slowing manufacturing sector and economic growth sluggish.

"One of the nice number is not enough to change the feelings in this moment," the president said Ted Weisberg Seaport Securities. "People are scared and do not want to take the risk off the table."

Investors had come to trading Friday with bated breath after roller coaster week, during which many began to lose confidence in the ability and willingness to include the governments of flood crisis.

European leaders are trying to expand the debt crisis, which began in Greece and spread to Italy and Spain. Previously, the bailout is now the greek seems to be insufficient. There are increasing concerns of European banks and their heavy investments in tax debt in big trouble.

Foreign markets, Europe was about to sell the European Stoxx 600 index hitting its lowest in over a year. Asian stock markets were sharply lower.

Not a single catalyst for a downdraft on Thursday, traders said. Rather, it reflects the concern that many have increased over the past month and culminated this week. Concern about a U.S. default shall be settled by a last-minute solution to raise the debt limit of the country Tuesday, have given way to more fears about the health of the failing economy.

Although the work report is a bright spot among the gloomy economic data in the U.S., some investors warned that it could be a temporary salve underlying concerns that the economy could be heading for a double dip recession.

"The market is still quite shocked and panic mode," said Binky Chadha, chief U.S. equity strategist at Deutsche Bank. "Our view is encouraged by today's employment, but this data does not break the panic."

Investors are also questionable how much longer the last run of strong corporate results to continue. In the midst of other disorders, corporate profits have been rare bright spot.

Thursday's killing of the Dow stocks was the ninth session in the last 10 years. With losses of 11.1% of 2.011 high hit in April, the index has entered the territory of the correction officer.

In new business, jumped from Procter & Gamble Co. 's earnings in the fourth fiscal quarter of 15% as sales increased worldwide. But the world's largest consumer goods company has been prudent in the current quarter, where price increases have not caught up with rising costs. Shares rose 0.6%. Inc. surged 10% after the company's online travel services reported second quarter results and outlook for the third quarter were better than expected.

LinkedIn Corp. second quarter profit rose 5.1% on strong revenue growth as the professional networking site added subscribers, a display performance for the company quarterly earnings since going public. Stocks erased morning gains and were recently down 1.6%.
READ MORE - U.S. Stocks Zigzagged Early Friday

"Nexus S" Retailer Best Buy

Popular searches on the Internet Wednesday is the Dow Jones Industrial Average, after U.S. and European stock markets fell on Tuesday. The Dow hit its lowest level since March, and extended its losing streak to eight days, the longest since the 2008 financial crisis.

Cellophane became even Bill passed by the Senate and House of Representatives to raise the federal debt limit, which the Treasury to avoid a default.

Dow lost nearly 266 points Tuesday.

"Nexus S" is a hot search as retailer Best Buy (BBY) is currently selling the Google(GOOG) smartphone for free, online and in stores.

Best Buy started the free promotion on Tuesday night. It will run for 24 hours ending at midnight tonight. The phone might be free, but consumers will still need to sign up for a two-year contract with AT&T(T), Sprint(S) or T-Mobile.
READ MORE - "Nexus S" Retailer Best Buy

Dow Jones Industrial Average Shed

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%.
READ MORE - Dow Jones Industrial Average Shed

Death Osama bin Laden Impact To Oil Prices

Death breathtaking Osama bin Laden can not do much to allay the fears of instability in the Middle East and reduce the price of crude oil and gasoline, which threatens to break records this summer.

energy experts acknowledge may be simply too early to say what the impact of death difficult to Al-Qaeda may be the soul of the prices started to climb earlier this year, with tensions in the oil-rich region of Middle East.

Crude futures fell in Asia immediately after the announcement of President Barack Obama on Sunday night that U.S. forces bin Laden had been killed, but only 11 hours, the price rose nearly 50 cents to $ 114.36.

"The immediate reaction of the market, it is good news in terms of risk, but there are many other major risks that are deeply embedded in the price of oil in the moment," said Daniel Yergin, Pulitzer Prize-winning oil historian and director of IHS Cambridge Energy Research Associates.

"The main thing that has been the evolution of oil prices recently is change the geopolitics of the Middle East and the strengthening economic recovery," he said. "This changes nothing."

"In any case, this will push prices higher," said Phil Verleger, energy economist at the Haskayne School of Business at the University of Calgary. "It's probably good for the economy. You can see all the people at the White House saying" the United States. It's nice to have a success. The dollar should strengthen. This will only encourage the demand for petroleum products that we can not do more. "

Emphasizing that even energy experts are still trying to digest the news of the death of Bin Laden and his impact, Verleger, a senior policy discussions on energy in the Carter and Ford administrations, made a case for almost all impact scenarios.

"The capture of Bin Laden is not going to do anything" to affect world prices of oil, he said. "This is a market that has driven growth. ... Middle East ... are trying to maximize revenue. The Saudis are setting the price of crude oil acid on the basis of a price that maximizes revenue from around the world. "

David Goldwyn, a former special envoy Obama administration for international energy affairs at the State Department, is to see how countries like Libya, Yemen and Bahrain react.

"In the short term, the death of bin Laden could have a material effect on the stability of oil producing countries 'systems', and then the price of oil," Goldwyn said.

Gas prices have climbed to record levels this year, oil prices began climbing in February together with increased political tensions in the Middle East. speculators entered the market on fears that the unrest that causes real disruption in world oil supply, which, together with rising oil demand has continued in China and other emerging economies and improving the economy United States.

The uptick because of gas prices has caused uproar in the beginning of the partisan majority on Capitol Hill that has colored the debate in the summer of 2008 - when the price of regular gas hit a national level as high as $ 4.11 going Presidential elections in the fall elections.
READ MORE - Death Osama bin Laden Impact To Oil Prices

Chicago Election Results

Chicago Election Results : The former head of the White House, Rahm Emanuel was elected mayor of Chicago.

Mr. Emanuel closed for more than half the votes, avoiding a runoff election. The election results are unofficial Chicago Democrat to win, Associated Press political and projecting the winner.

Mr. Emanuel is expected to win the mayorship directly above the 50 percent needed to avoid a runoff in April, defeating candidates including former Sen. Carol Moseley Braun, who has admitted defeat.

"Thank you Chicago! The hard work and support has brought us here. Looking forward together with the next mayor," he sent to Twitter.

the candidature of Mr. Emanuel and the election has captured the attention of the nation after announcing his intention to leave his influential position in the White House. Mr. Emanuel was supported by some senior Democrats, including former President Bill Clinton.

Challenges to the Web site of Mr. Emanuel threatened to disrupt the election campaign, but a legal challenge seemed to solve the problem.

Former White House chief of staff will now succeed outgoing Mayor Richard M. Daley, who announced his intention to leave the office late last year.

Speaking to CNN, White House adviser David Axelrod has praised the victory of Mr. Emanuel, saying he is "right arm to work."
READ MORE - Chicago Election Results