2011/1/25

New York stock market closed at 25, unchanged

Despite the poor earnings reports a new round of pressure, 25, New York Stock Exchange late in the round of the three major stock indexes are still driven by the rapid rebound in flat plate to close.
A number of Dow components reported results put pressure on the market, even though some of the company's performance than expected, but still can not make investors happy. One, 3M, American Express and Johnson & Johnson shares fell about 2%. Meanwhile, consumer confidence index released the same day up to 8-month highest level, the increase than economists had expected some support to the stock form. Market participants believe that this shows that while the housing market is still in an unstable state, but the conditions change for the better in the job market situation, the American public optimism about the economic outlook.
In addition, investors also concerned about the Fed's monetary policy-makers of today's two-day meeting held in the United States President Barack Obama starting from 21:00 EDT State of the Union. Investors remain highly concerned about this. New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day down 3.33 points to close at 11,977.19 points, down 0.03%. Standard & Poor's 500 index rose 0.34 points to close at 1291.18 points, or 0.03%. The Nasdaq composite index rose 1.70 points to close at 2719.25 points, or 0.06%.