2010/12/21

Afternoon: U.S. stocks mixed on stronger dollar

Dow 30 industrial stocks, 18 stocks fell. Boeing (BA) fell 2.7%, due to fears that the company will again postpone the 787 Dreamliner delivery time. 

Chip maker Intel (INTC) fell 1%, after "The Wall Street Journal" reported that European regulators are evaluating the proposed acquisition of Intel McAfee Inc offer. 

American Express (AXP) shares tumbled 5.8%. 

Foreign exchange markets, the dollar strengthened, tracking U.S. dollar against other major currencies 6 dollar index rose 80.68 points, a two-week intraday high. Dollar against the euro rose to two-week high, after the European Central Bank said last week the acquisition of substantially the number of European government bonds lower. 

Gold futures reversed early weakness up, February delivery gold gained $ 4.50, or 0.3%, to $ 1,383.70 an ounce, its highest intraday rise to 1,388.90 dollars. Crude oil futures prices. 

Despite the tensions on the Korean peninsula to upgrade again, but Monday the U.S. stock market is still slightly higher open after three weeks of trying to continue the momentum of continuous rise. According to media reports, South Korea on Monday, not far from the inter-Korean border for live-fire exercises Yin Ping Island, resulting in tightening of North-South relations. 

Institutional investors U.S. market analyst at Cantor Fitzgerald Mark - Pardo (Marc Pado) that since the fourth quarter results of listed companies is very strong, the stock market despite the overbought in the short term, but the gains are still expected to continue into next January. 

Pado said, "There is no doubt that the market has been overbought, but momentum is driving the market higher performance of listed companies, worth looking forward to the Christmas market."