USA: the financial sector was fascinated by the market at the bottom
On Thursday, 21 January, the U.S. stock market in the first half of the trading session is in a deep minus despite the fact that macroeconomic data in general were not so bad: While the number of initial jobless claims rose and exceeded expectations, the index of leading indicators rose stronger than forecast, and oil reserves, contrary to expectations declined.
It would seem makrostatistika on China, too, was very enthusiastic: the impressive growth in GDP, industrial output and retail sales - but this is only one side of the coin, the other side - due to all this inflation. Of course, with double digit growth in key indicators for China must not underestimate the likelihood of overheating the economy. Therefore, there are many reasonable doubts that China in 2010 could just as confidently and dynamically implement expansionary stance. All these fears from time to time provoke a sale, and now seems just the case.
to inflationary concerns added to speculation that the government may impose significant restrictions on banks in terms of risk-taking, and therefore the financial sector led the correctional movement.
By 20:19 Moscow Time Index broad market Standard Poor"s 500 is trading with a decrease of 1.65% on a mark at 1,119.29 points, light blue-chip Dow Jones Industrial Average lost 1.87% to a level at 10,404.470 points and the index of high-technology Nasdaq Composite traded in the red at 1.11% on a mark to 2,265.77 points.
The dollar index slightly lower; gold traded in a minus on 0,7%, while silver and palladium are losing more than 1%. In the composition of the index of blue chips into positive territory there is not a ticker.
In the financial sector, shares of Bank of America lost 5,3%, JPMorgan traded with a decrease of 5,7%.
commodity companies also look worse than the market. In particular, the aluminum producer Alcoa lost 4,64% and the chemical giant DuPont retreated by 3%.
In the high-tech sector has some pockets of growth - not waiting for the growth of bank-reporting, the bidders have rushed to buy in the IT sector - Xerox shares have risen in price by 3% after the company reported back for the fourth quarter, exceeding forecasts. Online retailer eBay soared to 8.8% on the same over.
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