Wall Street falls after weak economic data

New York (The Car Insurance Info)-stocks on Wall Street fell on Wednesday (Thursday morning GMT), after data on employment and manufacturing is weakening as well as the Federal Reserve maintain the economic stimulus program aggressively.

Index Dow Jones Industrial Average lost 138,85 points (0.94 percent) to close at 14.700 .95.

Broad-based index S&P 500 down 14,87 points (0.93 percent) to be a visitor to .70, while the Nasdaq composite index of technology slump 29,66 points (0,89 cent) to 3299, 13.

Losses on Wednesday comes after the ADP jobs report showed job growth in April fell to the lowest level in seven months. The market also was disappointed by the report of the Institute for Supply Management (ISM) 's manufacturing activity showed a sharp slowing in April.

While the Federal Reserve maintain the bond purchase program of 85 billion u.s. dollars per month, while raising the possibility it could do more if needed.

Even so, the Fed announcement suggests there is a high bar to increase the purchase of bonds, said IHS Global Insight economist Paul Edelstein.

"The market is not too impressed with what the Fed is saying," said Edelstein as quoted AFP.

Dow Member Merck on Wednesday became the second largest pharmaceutical company lowered projected its profits in 2013 after Pfizer which trim Windows will arise on Tuesday.

Shares of Merck fell 2.7 percent after it cut its full year sales perkiraaan 2013 amounting to 3-4 percent.

Other Dow components that look fell, including Cisco was down 2.6 percent and Verizon was down 2.8 percent.

MasterCard lost 2.4 percent while analysts projected profit of great efforts.

Medical device and pharmaceutical company Allergan shrank 13.1 percent after acknowledging requires additional testing on the two drugs. Morgan Stanley lowered its stock rating because of the news.

Health care company Humana jumped 4.7 percent after announcing earnings that were better than expected and rebuild and increase the share of its stock repurchase program to as much as one billion US dollars.

The price of bonds rises. The yield on the 10-year government bonds dropped to 1.64 percent from 1.67 percent late Tuesday, while the yield on the 30-year bond declined to 2.84 percent from 2.88 percent.

Translator: Apep Suhendar

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CAR INSURANCE Wall Street Was Optimistic Of A Deal On Cyprus

Monexnews-U.S. stock exchanges closed higher on Friday, recovering from the biggest decline in nearly a month, as anxiety about Cyprus began to subside and after a number of earnings reports. But all three major indexes still closed in the negative area for as low as weekly. The Dow ended the four-consecutive week of increase and decrease S&P scored the second 500 weeks this year. "There is optimism in the next few hours there is agreement to a parliamentary platform able to approve such a step would be inconsistent with the approach, framework and targets at least Eurogroup," Deputy leader of the Democratic Party Rally in Cyprus, Averof Neophytou.(xiang). CAR INSURANCE


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Wall Street Investors Cemaskan Cyprus Problem

Monexnews-U.S. stock exchanges closed in negative area on Thursday, dragged down by the technology sector, amid anxiety about the ability of Cyprus to get a bailout. In the latest development, the Governor of the central bank of Cyprus expressed a plan to rescue the country's banking system, which is being staged at the difficulties and voting House of Representatives in the near future. This plan includes protecting your bank accounts under the 100,000 euros. However, the market did not react much, with the main stock index continued to be traded in negative area.  (xiang)

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Review Of Wall Street: A New Record For The Dow Of Nicks

Monexnews-one day after reaching the highest level in history, the Dow Jones index back to carve a new record on the trading session yesterday Wednesday (06/03). The Dow rose again 0.3% to perched on the cusp of new, 14, 296.39. S&P 500 index also successfully defended the performance with raihan 0.1% and only 1.3% of the best record of all time. As for the Nasdaq index did not move much, mainly due to the stock's performance burdened by Staples recently cut its sales target for 2013. The Dow index and S&P 500 each have gone up as much as 9% and 8% since the beginning of the year and still a chance to scoop up more gains this month.

Strengthening of stock prices last night was more due to the recovering United States economic data releases, including symptoms of recovery labor sector of the country. Market participants are increasingly optimistic economic future and addressing the income of corporations. Report of the Research Institute version of the ADP payrolls released better than expected, and gave rise to hope for similar results at official government labor data Friday. A majority of economists surveyed by CNN in February payrolls figure predicts it will be out in numbers of 175,000.

Other positive sentiment came from the central bank's commitment to maintain stimulus policies, which contributed to the stock price and toss. In the latest edition of the Beige Book release, The Fed said that economic activity in the 12 regions of moderate speed walking in since January. Nearly all the high officials of the Fed agreed asset purchase should proceed despite the symptoms of economic recovery was in sight. The potential price increase of equity stock valuation considering very open at this time was still relatively low. After being dragged to a nadir in 2009, prompting the stock market consistently strengthened in line with the interest of investors who buy improved. Most Wall Street analysts argued the stock price is relatively cheap when compared to the approximate amount of profit to be gained by issuers-issuers. The action of buying and selling a lot more predictable in a couple of weeks ahead in line with the movement of a stock rises over time.

(dim)

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U.s. Economic Data Wall Street Hijaukan

Monexnews-the U.S. stock market ended in positive territory on the first day of trading in March, with the Dow still under 100 points from the closing price of the highest level of all time, with better results than expected ISM Manufacturing report that offset concerns over China and Europe and because investors are still confused by the issue of government budget cuts.

Dow Jones Industrial Average rose 35.17 points, or 0.25 percent to close at 14089.66, the highest closing in the last five years and catatkan reinforcement for 9 consecutive weeks on Friday. Wal-mart and Disney lead rise in index. The index of blue chips is currently 100 points below the highest price of all time on 9 October 2007 at 14,164.53.

Since 1950, March and April has been a positive month for the Dow, with an average gain of greater than 1%. Last April, in particular, has been the best month, monthly rise catatkan annual average about 1.7% in the last 20 years and 1.97% since 1950.

(fsyl)

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U.s. Economic Reports Cheer Wall Street

Monexnews-the U.S. stock market rose, sending the Dow Jones Industrial Average get the highest level in five years, after the housing data, the results are better than analysts estimates so as to support the economic recovery and European stock exchanges rebounded amid rising bonds Italy. " The housing market showed the delta positive to the economy in the quarter and the year, "said David Katz, Chief Analyst at Matrix Asset Advisors Inc. in New York in a telephone interview." The rally was spurred by improving sentiment from Europe who is paired with positive data United States.

Equity markets jumped over a contract to buy a House which previously owned in the u.s. climbed more than forecast in January, indicating that the industry will remain strong this year. The number of U.S. durable goods orders which do not include transportation equipment leapt in January to the highest level this year, showed business investment began to recover.

(fsyl)

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U.s. Stock Index Futures Indicate Wall Street Rebound

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U.S. stock futures showed Friday strengthening, giving the action signal investors buy on dips after two days in a row suffered a sharp correction.

Issuers of shares Hewlett-Packard Co diekspektasikan will be the Prima Donna after the PC manufacturers reported quarterly revenue rates which are more solid than estimated.

The economic calendar is minimal, causing investors focus fixed on two officers of the speech The Fed after the minutes of The Fed some time ago showed differences over exit strategy view of The Fed's monetary stimulus policy related.

Observed so far this index DJIA futures strengthened 0.45% in level, while S&P 13,933 500 up 0.52% futs to level 1, and Nasdaq futures 508.75 terkerek up 0.45% traded on level 2, 726.00 so far.

(Sap)

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U.s. Stock Index Futures Indicate A Weakening Wall Street

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U.s. stock index futures indicated a weakening Wall Street session on Thursday, where the S&P Index 500 futures continue weakening though the day before the fall are already experiencing in the aftermath of The Fed minutes, which indicates a termination early stimulus opportunities than the previous estimation.

The awaited economic Data including jobless claims jumped to an estimated weekly 355,000 the previous week compared to 341,000. In addition investors will also be waiting for the CPI index predicted up 0.1% in the month of January.

Other important reports, among other manufacturing PMI index and existing home sales, a leading indicator as well as activity survey binsis area of Philadelphia.

Investors will also be awaiting a speech by St. Louis Fed President James Bullard, who proposed the termination of the bond purchase program if the economy starts to improve.

Observed so far the index futures weakened DJIA-0.27% at 13,850 while S&P level 500 futs down 0.28% to as low as-1, and Nasdaq futures SAG 502.75-0.47% traded on level 2, 724.50.

(Sap)

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Wall Street Mix, the Dow closed below the 14,000

Monexnews-the US stock market managed to recover from the low level of the session but the Dow still closed in negative area on Wednesday, as investors stopped the rally amid a lack of market catalysts and after touching S&P highest level since December 2007. The Dow and the 500 rally for S&P closed at level 5-year high in the previous session. The Dow currently is about 1% from the record high reached in October 2007. Both indexes had scored a rise that's pretty impressive so far in the year 2013, up more than 6.5% respectively. Dow Jones Industrial Average closed in the negative area, dragged down by weakening shares of McDonald 's. General Electric is a blue-chip index stocks with the best performance. S&P 500 closed up thin after briefly touching the highest level since December 2007 and the Nasdaq closed up. Financial and telecommunication sectors in S&P weakened, while the industrial sector strengthened. (xiang)

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