Stocks-Wall Street shares weakened on Tuesday local time in the trade that doubt in the midst of concerns about the decline in capital to U.S. banks that are undergoing stress tests (endurance test) and comment care about the economy by Fed Chairman Ben Bernanke.
Index Dow Jones Industrial Average down 16.09 points, or 0.19 percent, to be 8410.65 a day after soaring 2.6 percent of the index stock blue-chip to the highest position since January 13.
Shrink Nasdaq composite index 9.44 points, or 0.54 percent, to be 1754.12 and the index Standard & Poor's 500 down 3.44 points, or 0.38 percent, to be 903.80.
Markets move in a narrow range in only a few setbacks from the sharp increase on Monday, amid concerns about news reports 10 of 19 largest U.S. bank which is the subject of "stress tests" to financial stability megukur likely need to raise more capital.
U.S. banking regulators and the Federal Reserve will announce the results of testing the resilience of 19 bank on Thursday.
However, John Wilson of Morgan Keegan, said the market appears to have a factor in stress tests. Investors seem to take a full view of the reasonable expectations of the release of 'stress tests' future, "he said." A little better information has been leaking, further announcements will be authorized to be anti-climax. "
Meanwhile, Bernanke to the legislator, said the recession could befall the U.S. economy turned around this year, but warned berlanjutya termination of employment "big enough" and rentannya financial system. "Bernanke is still carefully and refer to the level of economic growth is still possible under the potential to run longer for a while," said the analyst Charles Schwab & Co..
"Bernanke also called attention to the importance of the banking system for each prospect, and the longer the recovery stress tests have been applied to the major banks U.S., although he failed to give investors a guide that will be generated from this test."
On the economy, Institute of Supply Management said, the index of the services sector is widely increased to 43.7 percent, better than expected, offering hope for further economic recovery. "Meanwhile, both manufacturing and services sector is still down, they began their decline and even appear to be ready for the landing," said Joel Naroff of Naroff Economic Advisors.
Josh Heller of RBC Economics Research said, in between some of these signals indicate an improvement of the economy. Among stocks in focus, shares, Kraft Foods rose 3.96 percent to 25.22 U.S. dollars after its first quarter profit exceeded projections.
Meanwhile, banks mixed (diverse) in the middle of the perturbation results of stress tests. Wells Fargo down 4.04 percent to 23.27 U.S. dollars, while Bank of America rose 4.43 percent to 10.84 U.S. dollars and Citigroup increased 3.44 percent to 3.31 U.S. dollars.
Bonds mixed. Unbalanced results (yield) in the U.S. state bond measure did not change 10 years from 3157 percent on Monday and on the state bond measure to be 30 years down to 4053 percent 4065 percent. Bond prices and yield move with the opposite direction.
EDJ
Source: Ant
Index Dow Jones Industrial Average down 16.09 points, or 0.19 percent, to be 8410.65 a day after soaring 2.6 percent of the index stock blue-chip to the highest position since January 13.
Shrink Nasdaq composite index 9.44 points, or 0.54 percent, to be 1754.12 and the index Standard & Poor's 500 down 3.44 points, or 0.38 percent, to be 903.80.
Markets move in a narrow range in only a few setbacks from the sharp increase on Monday, amid concerns about news reports 10 of 19 largest U.S. bank which is the subject of "stress tests" to financial stability megukur likely need to raise more capital.
U.S. banking regulators and the Federal Reserve will announce the results of testing the resilience of 19 bank on Thursday.
However, John Wilson of Morgan Keegan, said the market appears to have a factor in stress tests. Investors seem to take a full view of the reasonable expectations of the release of 'stress tests' future, "he said." A little better information has been leaking, further announcements will be authorized to be anti-climax. "
Meanwhile, Bernanke to the legislator, said the recession could befall the U.S. economy turned around this year, but warned berlanjutya termination of employment "big enough" and rentannya financial system. "Bernanke is still carefully and refer to the level of economic growth is still possible under the potential to run longer for a while," said the analyst Charles Schwab & Co..
"Bernanke also called attention to the importance of the banking system for each prospect, and the longer the recovery stress tests have been applied to the major banks U.S., although he failed to give investors a guide that will be generated from this test."
On the economy, Institute of Supply Management said, the index of the services sector is widely increased to 43.7 percent, better than expected, offering hope for further economic recovery. "Meanwhile, both manufacturing and services sector is still down, they began their decline and even appear to be ready for the landing," said Joel Naroff of Naroff Economic Advisors.
Josh Heller of RBC Economics Research said, in between some of these signals indicate an improvement of the economy. Among stocks in focus, shares, Kraft Foods rose 3.96 percent to 25.22 U.S. dollars after its first quarter profit exceeded projections.
Meanwhile, banks mixed (diverse) in the middle of the perturbation results of stress tests. Wells Fargo down 4.04 percent to 23.27 U.S. dollars, while Bank of America rose 4.43 percent to 10.84 U.S. dollars and Citigroup increased 3.44 percent to 3.31 U.S. dollars.
Bonds mixed. Unbalanced results (yield) in the U.S. state bond measure did not change 10 years from 3157 percent on Monday and on the state bond measure to be 30 years down to 4053 percent 4065 percent. Bond prices and yield move with the opposite direction.
EDJ
Source: Ant
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