STOCKHOLM (AFX) US stocks ended the week with a minus sign. Economic statistics 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 technology-heavy Nasdaq Composite was quoted at 5070.
Sales totaled 1.2 billion shares on the New York Stock Exchange, and at 1, 9 billion on the Nasdaq.
The statistics showed that the growth of the US gross domestic product (GDP) declined by 0.7 percent, in annual rate in the first quarter. Expected was a negative GDP growth of 0.9 percent.
Although the Chicago purchasing managers index fell to 46.2 in May, compared with 52.3 in April. According to Bloomberg News analyst survey was the index level calculated to increase to 53.0.
The share Humana rose to the skies. In a report, it was announced that the insurance company is considering a sale of the company. Shares rushed by 20.3 per cent and outperformed thus best in the S & amp; P 500th
GameStop, which was second best, advanced 6.1 percent after having presented a performance in the first quarter, which was higher than estimated. The dealer of the Games also raised full-year forecast.
The worst was that for 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 ten-year yield fell 1 basis point to 2.13 percent.
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