2015-05-29 22:39
STOCKHOLM (AFX) US stocks ended the week with a minus sign. Statistics of US gross domestic product was presented which raised concerns about the development of the US economy.
The Dow Jones Industrial Average fell by 0.6 per cent to the index level of 18,011. S & amp; P 500 fell likewise by 0.6 per cent to the level of 2107, which is also the technology-heavy Nasdaq Composite was quoted at 5070.
sales amounted to 1.2 billion shares on the New York Stock Exchange and 1.9 billion on the Nasdaq.
On Friday published data which showed that the growth of the US gross domestic product (GDP) declined by 0.7 percent, in annual rate in the first quarter. Expected, according to Bloomberg’s analysts forecast a negative GDP growth of 0.9 percent.
Even Chicago purchasing managers index fell to 46.2 in May, compared with 52.3 in April. Estimated an increase of 0.7 to obtain Index level of 53.0.
“GDP growth was actually expected – we already knew that it would subside, but Chicago figure, however, was unexpectedly low “said Kevin Caron, market strategist at Stifel Nicolaus & amp; Co., news agency Bloomberg.
The share Humana best performance in the S & amp; P 500 after having been rushed to 20.3 percent. In a report, it was announced that the insurance company is considering a sale of the company.
GameStop, which was second best in the index, climbed 6.1 percent. In its quarterly report presented distributor of television and computer games, the result for the first quarter were higher than estimated. The company also raised full-year forecast.
Worst went for the pharmaceutical company Bristol-Myers plummeted by 6.6 percent. A study showed that the effectiveness of its cancer medicine was tied to whether the patients had high levels of protein in their tumors or not, potentially delineate the drug’s market.
The industrial and construction machinery lessor United Rentals dropped 6.4 percent. Bank of America Merrill Lynch had lowered the recommendation for the company to underperform. This was due to lower oil prices and a slowing economy in the United States.
The ten-year yield fell 1 basis point to 2.13 percent.
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