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A Fall Apart in U.S. stock Indexes at the Beginning of the Third Quarter
In the very beginning of the third quarter, stocks fell down. It became collapsed immediately after the unsatisfactory reports about the houses, industrial sectors and labors.
Getting better from a fall of 150 points, the Dow Jones Industrial Average (DJIA 9,741, -33.33, -0.34%) continued slowing down in a sixth continuous losing sessions. At present it is trading at 56.91 points at 9,717.11, by twenty four of its thirty workings down
Pharmaceutical giant Merck & Co. / (MRK 34.16, -0.28, -0.82%) was the maximum powerful amongst blue chips. It is off 2.4% and goes after the Bank of America Corp. (BAC 13.91, -0.12, -0.86%) and also behind
the J.P. Morgan Chase & Co. (JPM 36.12, +0.03, +0.08%). Both has lost more than one percent.
On Thursday, The S&P 500 Index (SPX 1,027, -3.34, -0.32%) broke down to its lowest level since last year September. Lately the broad market measure was on 2.59 points at 1,028.12.
Health care also suffered and that concluded to eight groups of industry. Amongst the stragglers, Coventry Health Care Inc. (CVH 17.19, +0.02, +0.12%) shares were also broke down 2.8%. It fell down immediately after the declaration of the insurer that it would obtain Mercy Health Plans for an undisclosed amount.
Amongst all, the Consumer-discretionary companies priced at top. Apollo Group Inc. (APOL 43.34, -.00, -0.01%) traded up 2.1% on the Wednesday after the business instructor. It did much better then the expectations.
The Nasdaq Composite (COMP 2,101, -7.88, -0.37%) broke down 11.33 points to 2,097.91.
In the New York Stock Exchange 972 million shares traded as of 2:30 p.m. yesterday and so all the declaimers went there.
Gold flawed
The trading was all-embracing with sponsors’ supplies. For instance, on the New York Mercantile Exchange gold fell $39.20 to finish at $1,206.70 an ounce.
A report from the Government was announced on Thursday where it was claimed that last week the jobless remuneration went up 13,000 to 472,000. Economists had anticipated a fall.
On the other side the National Association of Realtors stated that the sum of pending home sales turned down on the month of May after an outbreak of buying of a tax credit that expired at the end of April.
The Institute for Supply Management also declared its mechanized index which started turning down in the month of June. Though, the industry trade group said that it is still growing.
In the frustrating second quarter, the soft economic data comes with a rise. It was the day before the employment report of June declared by the government.
According to Kelly the report would not give impact much in the down turn of the economic condition. He also thinks that the market's explosive nature is only for the migration of individual business men. They usually left enclosing the funds.
Kelly also thinks that the sudden crash on May 6 is still haunting us. Many individuals at that time were totally collapsed and for most of them it was the last game.
In the month of June many individuals again started investing in stocks. Nevertheless, they are still holding smaller percentage than standard equities. A survey released on Thursday states this.
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TheOTCMarket.com (THEOTCM) is an investor-oriented resource centre offering relevant news and information vital to investors (individuals and firms) in the financial sector. It provides independent, unbiased and a comprehensive overview of any new development and trends in the investor and financial market. We also provide in-depth analysis, research, insights and similar resources online.
TheOTCmarket.com offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at http://twitter.com/theOTCmarket
We publish daily news in the form of our Market Snapshot and also provide daily Hot Stocks for its visitors. Additional attractions for investors and financial institutions are offered in the form of stock alerts, newsletters and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily activity.
Disclaimer:
THEOTCM electronically disseminates information (the “Information”) on its websites, in newsletters, featured reports, spam compliant double-opt in email communications or otherwise pertaining to Featured Stocks’ (the “Issuer” or “Issuers” or “Featured Stock” or “Featured Stocks”), the securities of which are most frequently common stock shares quoted on the Over the Counter Bulletin Board (“OTCBB”) or Pink Sheets. The Information is based on publicly available information, such as quarterly (with unaudited financial statements) and annual reports (with audited financial statements) filed with the Securities and Exchange Commission (“SEC”), quarterly and annual unaudited financial reports and Information and Disclosure Statements filed with the Pink Sheets, the Issuer’s website and information obtained through search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse, StockWatch, OTCmarket and Business Wire. We synthesize the Information from these informational sources for our Readers as a starting point for further inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities broker dealer and the Information should not be construed in any manner, shape or form as investment advice, investment recommendations or opinions or viewpoints regarding the Profiled Company or its securities or as a solicitation to offer, purchase or sell the Profiled Company’s securities. THEOTCM does not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information and conducts no due diligence whatsoever of the Profiled Companies. Because the Information is presented on an “as is” basis, your use of the Information is at your own risk. THEOTCM disclaims, expressly and impliedly, all warranties of any kind, including those of merchantability and fitness for a particular purpose or whether the Information is accurate or reliable or free of errors. The Reader hereby indemnifies THEOTCM from any liability for any claimed direct, indirect, incidental, punitive, or consequential damages pertaining to the disseminated Information.
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By jmackay on U.S. Stocks News | Thursday July 01, 2010 09:39 pm
Present market is showing the future economic condition of the world which is not satisfying rather horrible. We are not facing a recession again but market is still paying for it. This is the notion of David Kelly, the chief sell strategist of J.P. Morgan Funds.In the very beginning of the third quarter, stocks fell down. It became collapsed immediately after the unsatisfactory reports about the houses, industrial sectors and labors.
Getting better from a fall of 150 points, the Dow Jones Industrial Average (DJIA 9,741, -33.33, -0.34%) continued slowing down in a sixth continuous losing sessions. At present it is trading at 56.91 points at 9,717.11, by twenty four of its thirty workings down
Pharmaceutical giant Merck & Co. / (MRK 34.16, -0.28, -0.82%) was the maximum powerful amongst blue chips. It is off 2.4% and goes after the Bank of America Corp. (BAC 13.91, -0.12, -0.86%) and also behind
the J.P. Morgan Chase & Co. (JPM 36.12, +0.03, +0.08%). Both has lost more than one percent.
On Thursday, The S&P 500 Index (SPX 1,027, -3.34, -0.32%) broke down to its lowest level since last year September. Lately the broad market measure was on 2.59 points at 1,028.12.
Health care also suffered and that concluded to eight groups of industry. Amongst the stragglers, Coventry Health Care Inc. (CVH 17.19, +0.02, +0.12%) shares were also broke down 2.8%. It fell down immediately after the declaration of the insurer that it would obtain Mercy Health Plans for an undisclosed amount.
Amongst all, the Consumer-discretionary companies priced at top. Apollo Group Inc. (APOL 43.34, -.00, -0.01%) traded up 2.1% on the Wednesday after the business instructor. It did much better then the expectations.
The Nasdaq Composite (COMP 2,101, -7.88, -0.37%) broke down 11.33 points to 2,097.91.
In the New York Stock Exchange 972 million shares traded as of 2:30 p.m. yesterday and so all the declaimers went there.
Gold flawed
The trading was all-embracing with sponsors’ supplies. For instance, on the New York Mercantile Exchange gold fell $39.20 to finish at $1,206.70 an ounce.
A report from the Government was announced on Thursday where it was claimed that last week the jobless remuneration went up 13,000 to 472,000. Economists had anticipated a fall.
On the other side the National Association of Realtors stated that the sum of pending home sales turned down on the month of May after an outbreak of buying of a tax credit that expired at the end of April.
The Institute for Supply Management also declared its mechanized index which started turning down in the month of June. Though, the industry trade group said that it is still growing.
In the frustrating second quarter, the soft economic data comes with a rise. It was the day before the employment report of June declared by the government.
According to Kelly the report would not give impact much in the down turn of the economic condition. He also thinks that the market's explosive nature is only for the migration of individual business men. They usually left enclosing the funds.
Kelly also thinks that the sudden crash on May 6 is still haunting us. Many individuals at that time were totally collapsed and for most of them it was the last game.
In the month of June many individuals again started investing in stocks. Nevertheless, they are still holding smaller percentage than standard equities. A survey released on Thursday states this.
ABOUT theOTCmarket.com:
TheOTCMarket.com (THEOTCM) is an investor-oriented resource centre offering relevant news and information vital to investors (individuals and firms) in the financial sector. It provides independent, unbiased and a comprehensive overview of any new development and trends in the investor and financial market. We also provide in-depth analysis, research, insights and similar resources online.
TheOTCmarket.com offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at http://twitter.com/theOTCmarket
We publish daily news in the form of our Market Snapshot and also provide daily Hot Stocks for its visitors. Additional attractions for investors and financial institutions are offered in the form of stock alerts, newsletters and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily activity.
Disclaimer:
THEOTCM electronically disseminates information (the “Information”) on its websites, in newsletters, featured reports, spam compliant double-opt in email communications or otherwise pertaining to Featured Stocks’ (the “Issuer” or “Issuers” or “Featured Stock” or “Featured Stocks”), the securities of which are most frequently common stock shares quoted on the Over the Counter Bulletin Board (“OTCBB”) or Pink Sheets. The Information is based on publicly available information, such as quarterly (with unaudited financial statements) and annual reports (with audited financial statements) filed with the Securities and Exchange Commission (“SEC”), quarterly and annual unaudited financial reports and Information and Disclosure Statements filed with the Pink Sheets, the Issuer’s website and information obtained through search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse, StockWatch, OTCmarket and Business Wire. We synthesize the Information from these informational sources for our Readers as a starting point for further inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities broker dealer and the Information should not be construed in any manner, shape or form as investment advice, investment recommendations or opinions or viewpoints regarding the Profiled Company or its securities or as a solicitation to offer, purchase or sell the Profiled Company’s securities. THEOTCM does not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information and conducts no due diligence whatsoever of the Profiled Companies. Because the Information is presented on an “as is” basis, your use of the Information is at your own risk. THEOTCM disclaims, expressly and impliedly, all warranties of any kind, including those of merchantability and fitness for a particular purpose or whether the Information is accurate or reliable or free of errors. The Reader hereby indemnifies THEOTCM from any liability for any claimed direct, indirect, incidental, punitive, or consequential damages pertaining to the disseminated Information.
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[...] John Mackay пишет: The Nasdaq Composite (COMP 2101, -7.88, -0.37%) broke down 11.33 points to 2097.91. In the New York Stock Exchange 972 million shares traded as of 2:30 p.m. yesterday and so all the declaimers went there. Gold flawed … or otherwise pertaining to Featured Stocks’ (the “Issuer” or “Issuers” or “Featured Stock” or “Featured Stocks”), the securities of which are most frequently common stock shares quoted on the Over the Counter Bulletin Board (“OTCBB”) or Pink Sheets. … [...]