Wall Street dampened by case Goldman Sachs
Posted by admin | Under Uncategorized, publications, special, top news, world Saturday Apr 17, 2010The U.S. stock market lost ground on Friday, all won during the week, and highs from session to session were badly broken. The announcement, shortly after the opening of Wall Street, the SEC, Goldman Sachs, which continues to fraud "Subprime" has dampened global finance.The bank securities were unscrewed from 12.8% to 160.7 million.
The U.S. stock market watchdog, the SEC announced Friday it was suing the U.S. investment bank "fraud" on the sale of investment securities linked to subprime mortgages.
Goldman Sachs and one of its leaders, Fabrice Tourre, are accused of defrauding investors face while making "misleading statements and omitting material facts on certain financial products linked to subprime loans when the market U.S. housing prices began to collapse. "
In the end, the Dow Jones lost 1.13% at 11,019 points, after fielding a sixth straight session Thursday to increase, the Nasdaq drops 1.37% at 2481 points and the S & P 500 1.61% loose in 1192 points.The thresholds symbolic of the 11,000, 2,500 and 1,200 points respectively have been taken down.
Trust settles
Another bad news on the front of the statistics: the U.S. consumer confidence index calculated by the University of Michigan came out in strong decline, to 69.5 in April, the lowest since November last. Economists had forecast about 75, after the index registered 73.6 in March.
Moreover, housing starts in March hit their highest level since November 2008, to 626,000 units annually. The economists had expected 610,000.
Google view
Later publications of the day, Bank America ok fell more than 6% to U.S. $ 18.31 No fax pay day loan. The bank recorded a net profit of 2.83 billion dollars in the first quarter, or 28 cents per share.It is far better than had been expected by analysts.
General Electric has folded, he of 2.62%, to 18.99 dollars while the conglomerate reported net earnings were down 32% to $ 1.87 billion, or 21 cents per share. Again, it's better than expected.
Google announced Thursday after the close of U.S. markets have performed over the first three months of the year a net profit of 1.96 billion dollars, 6.06 dollars per share, against $ 1.42 billion (U.S. $ 4.49 per share) over the same period last year. In the first three months of the year its sales climbed 23%. The securities have stalled, however, of 7.59%, to 551.76 dollars.
A cons-sense, Mattel manages to rise from 0.38% to 23.84 dollars.The world's leading toy has unveiled a profit of 7 cents per share, or 25 million over the first three months of the year.
In addition, the Financial Times, real estate investment fund Whitehall Street International managed by U.S. bank Goldman Sachs has lost almost all its value, or 1.8 billion dollars (1.3 billion euros) .
On Wednesday, the Wall Street Journal revealed that another major U.S. bank Morgan Stanley had lost 5.4 billion dollars (3.95 billion euros) in investment properties, including the headquarters of the European Central Bank Germany.
Always on the side of values, yesterday, UPS, considered a good barometer of economic activity in the United States, announced a sharp rise in profits.