New York: Macro Outcome and strong dollar inhibits the stock market, S & amp; P 500 -0.9%
2014-09-25 16:20
(SIX) New York stock exchanges have started lower on Thursday. Macro data over orders for durable goods fell more than expected in August, which together with a strong dollar helps to keep the back risk sentiment. Regarding individual company name was pushed by Apple technology hassles and Darden as well as Allergan continued ownership shifts. The Dow Jones industrial average was recorded at 16:11 on the 0.7 per cent lower at 17,084. In the broader market fell S & amp; P 500 by 0.9 percent to 1,981, while the Nasdaq Composite fell by 1.2 percent to 4.501. The interest rate on the ten-year bond climbed 4 basis points lower to 2.53 percent while also trettioårsräntan fell 5 points to 3.23 percent. Apple fell 2.5 percent after the company decided to withdraw its latest version of the iOS operating system 8, after complaints from customers. Restaurant Dardens Company's management and board is under continued heavy pressure from activist investor Starboard Value. Now Starboard, which bought at the 8.8 percent of the share capital of Darden wrote an open letter to shareholders in which Dardens man men them to vote in Starboards total of twelve different candidates to the Board of Board. Darden shares traded 0.4 percent lower in the afternoon. Allergan has now responded to drugs colleague Valeant last attempted to get into a conversation about a possible merger. Allergan does not mention the specific correspondence that Valeant itself published on Wednesday, but notes that the company has not changed its attitude that the company will be able to create more shareholder value without interference from Valeant. Valeant laid last summer a hostile bid at Allergan, which was rejected. In the afternoon, noted Allergan +0.1 percent and +2.6 Valeant percent. Boston Scientific is burdened by reporting on a dispute about royalty payments amounting to 308 million dollars. The stock has opened down 1.2 percent. Statistics outcome of orders for durable goods were received in prior expectations. August figure showed a decline of 18.2 percent compared with the previous month. Waited was -17.1 percent. Regarding the weekly change in the number of new job seekers received this slightly better than expected at 293,000 people. Waited was 300,000. Before the evening is expected Fed member Dennis Lockhart keep a speech starting at 19:20 Swedish time. Johan Eklund, +46 31 350 64 87 mailto: johan.eklund@six-group.se www.blogg.six.seSIXNews SIX News
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