Wall Street drops to close
Posted by admin | Under Uncategorized, economic, events, resources, technology Thursday Feb 11, 2010The NYSE has hesitated. It finally ended in the red on Wednesday. After rebounding said yesterday (1.52%), the Dow Jones lost 0.20% at 10,038 points. The Nasdaq lost 0.14% to 2148 points and the S & P 500 fell 0.22% to 1068 points.
The wait dominates before confirmation of support from the European Union to Greece. Investors await the meeting of European heads of state tomorrow Thursday after which a European financial aid for Greece should be announced. But doubt persists. "In another hour it was announced that EU countries have agreed in principle to a plan of aid to Greece and then they deny this information," says Patrick O ' Hare, the financial website Briefing.com.
The dollar begun to rise again against the European currency: 1 Euro 1.3732 U.S. dollar is exchanged.Raw side, the barrel of "light crude Texan" is 0.63% to 72.99 dollars on the New York Mercantile Exchange (Nymex).
So probably mingles the concern over the remarks of Ben Bernanke. This has not announced any increase in rates but this is considered soltuion. The discount rate will he, as the statement implied the rumor in the markets in recent days.
Regarding statistics, the trade deficit the U.S. has continued to widen in December, rising by 10.4% compared to November, while analysts expected him to be reduced.
Walt Disney released Tuesday
After Hours, Tuesday, Walt Disney (-0.60% to 29.66 dollars) has released stable profits over one year to 844 million, or 44 cents per share.But excluding special items, earnings per share were 47 cents against 39 cents expected by analysts.
Airgas Inc. (-0.29% To 61.17 dollars) has rejected a hostile takeover of Air Products & Chemicals, describing it as "inadequate".
Arcelor Mittal, the world's number one steel, said it earned 118 million dollars over the year 2009. But the current financial year looks difficult. The U.S. market (-7.43% to 36.56 dollars) endorse the title in Paris.
In addition, Micron Technology (-6.72% to 8.48 dollars) announced it would buy Holodings Numonyx, a producer of memory cards, for $ 1.27 billion.
The bank is not affected by ads for Ben Bernanke.JP Morgan Chase (2.37%), Bank of America (2%) and Goldman Sachs (1.36%) support even though the odds.
Baidu (+9.27% to 475.35 euros) reported a fourth-quarter earnings up 48% to 62.7 million. The competitor Google (-0.08% to 535.95 dollars) in China publishes a profit of $ 1.8 per share.
Dell (+1.99% to 13.52 dollars) has been "upgraded" by Bank of America-Merrill Lynch to buy from neutral.
The Japanese automaker saw decidedly dark days. It's Honda's turn on Wednesday recalled more than 400,000 vehicles, after the Toyota case (1.39% to 75.64 dollars).
And Omnicum, a direct competitor of Havas, which was pleasantly surprised by France, issued a profit decline of 87 to 73 cents per share. The title is almost stable (1.42% to 35.75 dollars).