US-European stock Market review: U.S. stocks are mixed

Source: Internet
Author: User
Keywords Durable
The US stock market closed in Wednesday with mixed prices and the Dow Jones index fell 23.05 points to 8299.86, or 0.3%, for the fourth consecutive session.  European equities closed higher in Wednesday, with France's CAC-40 index rising 2.2%; Germany's DAX index rising 2.7%; The FTSE 100 index up 1.2%.  US stock Market Wednesday review: Dow fell for the fourth consecutive session in Wednesday, continuing to be dragged down by Boeing, Oracle to bolster technology stocks, and Supervalu performance disappointed investors. The Dow Jones index closed down 23.05 points to 8299.86 points, falling 0.3%, for the first time in one months below 8,300 points.  The index fell by 499.4 points, or 5.7% in the past eight trading days, with a seven-day decline.  The standard and Poole 500 index rose 5.84 points to 900.94, or 0.7%.  The Nasdaq composite index rose 27.42 points to 1792.34 points, 1.6%, the biggest and percentage gains since June. Economic events: The Federal Reserve, which maintained near-zero interest rates in Wednesday, remains unchanged, but highlights new signs of stability in the economy.  Despite the recent rise in long-term interest rates, the Fed does not intend to adjust the established housing mortgage-backed securities and Treasury-bond takeover plans. US demand for durable goods rose strongly in May, the third in a four-month period, with non-defence capital goods orders hitting their highest rise in nearly five years.  The U.S. Department of Commerce (Commerce Department) said in Wednesday that after a seasonal adjustment, durable-goods orders grew 1.8% to 1,639 200 million dollars in May. In May, sales of pre-sale homes in the United States fell unexpectedly, fearing that Americans who lost their jobs would opt out of the market or buy cheaper homes that were sold at discounted prices after entering the foreclosure process.  The U.S. Department of Commerce announced in Wednesday, after the seasonally adjusted, the United States May single-type residential housing sales than the previous month decline 0.6%, the equivalent adult rate of 342,000 sets. Stock Dynamics: Boeing continued its decline, closing down 2.55 U.S. dollars to 41.32 U.S. dollars, the decline of 5.8%, because of the launch of the Dream 787 aircraft flight time, the unit fell by 6.5% in Tuesday.  JPMorgan said in Wednesday that delaying the maiden flight could prompt Wall Street analysts to downgrade earnings forecasts for the company for the next two years. Oracle Rose 1.39 dollars to 21.26 dollars, or 7%.  The company's fourth-quarter profit fell 7.2%, revenue and profits as the dollar rose and continued economic downturn, but better than expected software licensing sales and continued cost management made the quarter more than Wall Street expected. Supervalu fell 1.88 U.S. dollars to 13.81 U.S. dollars, a decline 12%, the list of the standard and poor 500 index component shares declined the first.The food chain expects earnings per share of the company's first fiscal quarter to be far below analysts ' expectations as it cuts food prices to remove the high cost impression left to consumers. European stock markets Wednesday review: European equities closed higher in Wednesday, the French CAC-40 index rose 2.2%, to 3184.76 points, a Paris trader said the United States released durable goods orders data far better than the market expectations, which boosted U.S. stocks higher, and thus boosted the Paris stock market. ArcelorMittal Rose 5.9%. BNP Paribas raises 4.5%, as analysts raise ratings.  The market is focused on the FOMC monetary policy decision announced in GMT 1815. Germany's DAX rose 2.7% to 4836.01 in Wednesday, breaking the resistance at 4,803, as traders said the strong US durable-goods order data boosted German equities. Financials have regained some of their losses earlier this week.  Deutsche Bank rose 6.6%, as Citigroup raised the bank's rating. The FTSE 100 index closed up 1.2% per cent to 4279.98, and the latest U.S. durable-goods order data were better than expected, boosting US equities higher, and thus boosting the UK stock market. Mining stocks rose strongly,xstrata 5.5%, the company has yet to abandon its takeover plan for Anglo-American, which is up 10%. Investors are concerned about the Fed's statement, set to be announced at GMT 1815.
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