Wall Street opens down – Business World

The courses on Wall Street has predictably begun slightly down on Monday pending before the Federal Reserve’s monetary policy decision later this week. The reporting season rolls on with the stock market giant Apple on Monday’s agenda.

Large companies index Dow Jones Industrial Average was at 16:17 down by 0.7 percent to 17,879. The broader index S & amp; P 500 fell by 0.6 per cent to 2,080 and the technology-heavy Nasdaq Composite fell by 0.4 percent to 4,887.

The interest rate on the ten-year bond was up 1 basis point to 1.89 percent while trettioårsräntan rose 1 basis point to 2.71 percent.

This week big highlight is the monetary policy announcement on Wednesday from the Federal Reserve.

“There is a chance that the Fed will surprise with a hawkish stance on Wednesday. the dollar has not really been strengthened and the S & amp; P 500 is back near ‘all time high’, so they can safely test the market, “said Nordea’s chief strategist for emerging markets, Jan von Gerich, according to Reuters.

from the statistics front, the new figures were presented over the sale of new houses. In February, the annual growth rate of slightly weaker level than expected with 511,000 houses. The figure for January was revised up slightly.

The reporting period rolls in the day ahead with technology giant Apple after the closure comes with numbers. Shares fell 0.8 percent.

Xerox report showed worse than expected results, while sales exceeded market expectations for the first quarter. Shares fell 12 percent.

The ailing pharmaceutical company Valeant has appointed Joseph C. Papa New Chairman and CEO from the beginning of May. Papa comes from the sector, Mr Perrigo. Shares rose 2.0 percent.

On the recommendation of the front can be noted that Goldman Sachs has raised recommendations on engineering companies Joy Global and Caterpillar to neutral from previous sales. The shares were up 0.7 and 1.8 percent down.

The forestry company International Paper has been downgraded by RBC Capital Markets to Sector Performer from previous outperform. Shares fell 1.9 percent.