U.S.: Dow Jones down from the conquered peaks

 

Friday, October 16, was very rich in a variety of data the U.S. macroeconomic statistics and corporate reports, nosivshimi predominantly negative.

Thus, the preliminary index of consumer confidence in the University of Michigan in October was much worse than expected and decreased compared with the September index to reflect the real possibility of gaining wealth ordinary Americans in rising unemployment and tightening credit.

Adoption of the budget the U.S. in September with a deficit of 46.6 billion, exceeded the expected value of $ 32 billion, bringing the overall fiscal deficit from the beginning of the year to astronomical size in the 1.42 trillion dollars. Without adequate economic returns that can lead to serious inflation problems.

Corporate reporting, in contrast to previous days also pleased investors because the quarterly results on Friday of the principal actors - the industrial giant General Electric and the country's largest bank, Bank of America - were worse than the consensus forecast of analysts on Wall Street.

Several brighten the overall picture of the day very comforting message to the growth of industrial production in the U.S. in September at 0.7% with the expected 0.2%, but unbalanced consumption of manufactured commodity products that can lead to another building stock.

reaction of stock markets on the news eventually led to their decline in almost all segments, while the Dow Jones could not resist the progress on Wednesday, the first time in a year, the psychologically important mark of 10.000 points. Nevertheless, despite the loss Friday,all major stock indexes 2-th consecutive week finished with a winning result.

Index Dow Jones industrial average fell 67.03 points, or 0.67% to 9995.91 points, rising for the week amounted to 1.3%. Index of Standard Poor s 500 fell 8.88 points or 0.81%, to close at 1087.68 points, winning the week amounted to 1.5%. The Nasdaq Composite Index fell 16.49 points, or 0.76% to a value of 2156.80 points, adding in the week 0.8%.

in the top division of the American economy Tor-30, most companies (17) finished in the red zone. The greatest losses noted not meet expectations market participants promulgated in its quarterly results on Friday Bank of America (-4.64%) and General Electric (-4.23%), as well as the world's largest computer-service company IBM (-4.95%), reported a significant Reduction of new contracts in the 3 rd quarter.
Among the successfully completed the trading session of companies benefit most in the 2.76% achieved aircraft building giant Boeing, which confirmed the holding at the end of the first flight so belated in relation to the original terms of the new 787 Dreamliner airliner.

supply equipment for Department of Defense Harris Corporation has acquired up to 7.2% of trades in connection with contracts for the supply of U.S. military broadband communications facilities totaling 419 million dollars.

One of the world's leading companies for the production of cosmetic products, which owns the trademarks of Clinique and Bobbi Brown, Estee Lauder Cos. grew by 5.1%, as reported that quarterly profit would be much better than projected as a result of sales growth and cost reductions.

world's largest toy manufacturer Mattel has won 4.6%, achieving up to the 3rd quarter gross margins above 50% for the first time from the 2 nd half of 2002

largest U.S. mortgage insurer MGIC Investment lending has lost 12.3% as a result incurred substantial quarterly loss against the backdrop of a record number of defaults on the mortgage.

largest American companies to conduct raffles instant lotteries Scientific Games lost by bidding up 5.8% decrease due to recommendatory evaluation for buying its stock analysts, JPMorgan Chase, decline of interest in the so-called Italian lottery of the population.

price of gold futures for delivery in December on the basis of trading on the COMEX rose 90 cents, or 0.1% to a value of 1051.50 dollars per troy ounce.

Gold has risen in price a bit more background on the expected decline in consumer confidence of Americans in October, which led to the retreat of stock markets and attracted investor interest in precious metals. Compared with the closing level of last Friday the price of December gold futures rose by 0.3%.

price of futures on crude oil Light for November delivery on the basis of trading on the NYMEX rose 95 cents, or 1.2% to 78.53 dollars per barrel.

rising cost of oil lasts 7 trading sessions in a row and on Friday was based on successful industrial performance of the U.S. in September. This has been achieved the maximum level of final prices for oil futures for delivery in the month of October 2008, and the overall gain for the week at 9.4% was the highest since August 21.

Forex - results of the day