Sunday, May 25, 2014

Disappointing results saddled Wall Street
Disappointing results saddled Wall Street 

  Wall Street ended Tuesday's session down quite pronounced , taken by disappointment with the results of retailers such as Staples and TJX Companies .

  Exchange downgraded by more than 1 % from its most recent record closing registered on May 13 , published statistics since giving only a mixed picture of the economic situation , to the chagrin of those who predicted an acceleration activity after the big blow cold winter.

  After a particularly influenced by the news on the front companies meeting the Dow Jones lost 137.55 Points ( 0.83% ) to 16 374.31 . The S & P 500 declined 12.25 points, or 0.65% , to 1,872.83 . The Nasdaq Composite Index dropped 28.92 Points ( 0.70 %) to 4096.89 .

  The S & P distribution index lost almost 1%. Ten sector indices of the S & P 500 index ended in the red , and nearly three quarters of values ​​Nasdaq also .

  "There was good reason to sell today , on the eve of the publication of the minutes of the Fed and in anticipation of a long weekend. Traders are already adjusting their positions ," he said Peter Cardillo ( Rockwell Global Capital) .

  The "small caps" fell after rising the previous two sessions . Their Russell 2000 yielded 1.5%. The index was close to the correction several times lately, defined by a decrease of 10 % on its peak the most recent closing . The index is 9.3% decline from the peak , registered on March 4 .

  Staples announced Tuesday a 44% drop in quarterly profit , within the scope of a stronger dollar over the period and the closure of shops by the number of sections of the U.S. office.

The action has downgraded 12.5%.

  TJX Cos. announced a quarterly revenue below the consensus , sales of articles of clothing or appliances with no particular expectations. The stock dropped 7.6%.

  In contrast, Home Depot went up when he was down in pre-market is giving 1.9%. The world leader in DIY Tuesday reported a smaller increase than expected sales in the first quarter but has not posted less optimistic forecast for the full year .

A heavy weight rating , Caterpillar, fell 3.6% , due to a bad trade statistics.

  " So not only the distribution sector is not doing well but it is the same for heavy machinery . This is a little more concern in this case because, for me , it means that major projects n ' not argue , "said Kim Forrest ( Fort Pitt Capital Group) .

Correlation dollar / Treasuries

  Among the values ​​making the news lately, the title AstraZeneca listed on Wall Street rose 2.2 %. Fidelity Worldwide Investment stood out Tuesday other shareholders of AstraZeneca taking the defense of the British pharmaceutical group meet under the U.S. Pfizer.

Conversely, Schroders , shareholder twelfth AstraZeneca reported to turn his disappointment after the rejection of the offer of U.S. laboratory and ordered to reopen negotiations with the American.

General Motors announced Tuesday the recall of 2.42 million vehicles in the United States , bringing to 15 million the total number of vehicles recalled by the manufacturer in the world since the beginning of the year.

The title has left 3.45% .

Aeroflex Holding , a specialist communications equipment , jumped 25.4% in response to its purchase by the British aerospace supplier Cobham .

About 5.7 billion shares changed hands on all seats, according to data from BATS , below the monthly average to date of 5.97 billion .

In other markets , the new lower yields on Treasuries weighed on the dollar against the yen , lower yields , in the opinion of analysts, is the witness of uncertainty about the outlook for global growth .

" The strong correlation between the dollar / yen and yields on government bonds remains the main driver ," said Joe Manimbo (Western Union Business Solutions) .

The increase is attributable to Treasuries statements William Dudley, president of the Federal Reserve Bank of New York, who estimated Tuesday that the Fed would be " relatively slow " to raise interest rates.

The bond market, which also monitors the situation in Ukraine , also enjoyed shopping safety face down Wall Street.

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