2010/11/30

Afternoon: Stocks rally to promote good data

Reduced decline in U.S. stocks on Tuesday afternoon. U.S. consumer confidence index for the manufacturing and exciting, to a certain extent, offset the sovereign debt crisis of European investors may be worried about the spread of emotions.
At 13:15 on 30 November EDT, the Dow Jones Industrial Average fell 8.74 points to 11,043.75 points, down 0.08%; the Nasdaq composite index fell 19.96 points to 2,505.26 points, down 0.79%; the S & P 500 Index fell 2.53 points to 1,185.18 points, down 0.22%.
November since the Dow has dropped nearly 1%, may be the first time since August month is down.
Commerce Trust investment institutions head of stock trading strategies Joe - Williams (Joe Williams) said, "the stock market in November by a lot of news." He listed out the factors, including the European sovereign debt crisis of the fear emotion re-outcrop China rate hike, wait for inter-Korean tensions. Williams said, "Considering the past 30 days, the events we have experienced, I think the stock market performance is quite good."
Tuesday, the Dow generally lower financial stocks, including JP Morgan Chase (JPM) fell 1.2%, Bank of America (BAC) fell 1.2%, American Express (AXP) fell 0.9%.
Internet search giant Google (GOOG) fell 3.7%, dragging down the Nasdaq fell after reports that the company spent $ 6,000,000,000 for the acquisition of a discount for shoppers looking for a social networking site Groupon. In addition, the European Commission on Tuesday announced that it has for the abuse on the Google Internet search market dominance in the allegations of antitrust investigations.
S & P 500 index and technology by the health care sector of the drag. November since the index was essentially flat, down just 0.3%, after three consecutive months the index has been achieved up on line.

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