Stock Exchange New York: Wall Street fell after disappointing US economic data New York (awp / afp) – Wall Street sank Friday shortly after opening, equating a downward revision of the quarterly US growth and a disappointing figure on economic activity: the Dow Jones yielded 0.15% and the Nasdaq 0.08%
Around 3:05 p.m. GMT, the index Featured Dow Jones Industrial Average fell 26.46 points 18 ‘. 187.83 points not far from its record closing passed this week 18’224,57 points and the Nasdaq, dominated by technology, lost 3.99 points 4,983.90 points just below the threshold of 5,000 point and its historic highs of there fifteen years
The broader S & amp;. P 500, closely followed by investors, leaving 0.06% or 1.20 points to 2109 ., 54 points, also close to its highest levels
On Thursday, Wall Street had ended in a disorganized, falling oil prices and mixed indicators slowing the market: the Dow Jones lost 0 , 06% to 18’214,42 points while the Nasdaq, stimulated by technology sector in shape, had gained 0.42% to 4987.89 points.
Now, the stock market digests a ” downward revision of growth (US) in the fourth quarter, “highlighted the experts at Charles Schwab, noting that the new figure was a little higher than expected.
In its second estimate of GDP Quarterly, the Commerce Department reported a slowdown in growth to 2.2% last quarter, in the wake of the global economy, while analysts expected 2.1%.
The indices still hesitant after the figure on GDP, have a little inclined after the unexpected announcement of a contraction in economic activity in the Chicago area, considered as a good indicator for the entire the US economy.
Overall, the stock market, which has changed little this week, however, seems about to conclude a very successful month of February, during which the Dow has gained about 6%, or for its biggest monthly rise time from October 2011.
“Now what?”, asked Patrick O’Hare of Briefing.com. “The Greek situation calmed, Russia and Ukraine are trying to enforce a cease-fire, the president of the Federal Reserve Janet Yellen, updated outlook on monetary policy and the quarterly results season companies is, in effect, over. “
” At the March began, the market may well be stuck at those levels, pending the next catalyst “, he has said.
JC PENNEY DROP
In detail values, the Apple computer company, main Nasdaq locomotive, is thronged by 0.18% to 130.20 dollars after a complaint in the United States of Swedish Ericsson for violation of patents.
The retail sector was affected by a fall of 7.89% to 8.40 dollars in the chain JC Penney stores, which has reported almost no profit in the last quarter “and issued disappointing forecasts”, reported the experts at Charles Schwab.
Weight Watchers, specializing in weight loss, thinner 33.40% to 11.70 dollars after announcing a net loss of USD 16.1 million last quarter, citing a decline in subscribers to its program
The bookseller Barnes & amp.; Noble, who eventually gave to part of its digital division Nook and instead announced Thursday the split of its academic libraries, lost 1.81% to 25.45 dollars.
Conversely, Monster Beverage, a specialist in energy drinks, jumped 12.35% to 140.14 dollars after announcing an increase in quarterly earnings and sales growth, with a turnover of 700 million USD, and found above expectations.
The bond market was small rise, the yield on 10-year Treasury falling to 2.019% against 2.033% Thursday evening, and the 30-year 2.627% against 2.629 % previously
afp / buc
(AWP / 02.27.2015 4:24 p.m.).
(AWP / 02.27.2015 4:24 p.m.) ^ ->