!-- Javascript Ad Tag: 6454 -->

Tuesday, February 25, 2014

. Wall Street down

. Wall Street down

Stocks on Wall Street ended down on Tuesday (Wednesday morning GMT ) , following weak U.S. economic data and prospects vary from JPMorgan Chase about some of the main business units .

The Dow Jones Industrial Average fell 27.48 points ( 0.17 percent ) to close at 16179.66 , AFP reported .

The broad-based S & P 500 slipped 2.49 points ( 0.13 percent ) to finish at 1845.12 , while the tech -heavy Nasdaq composite index gave up 5.38 points ( 0.13 per cent ) at 4287.59 .

The data came in below expectations . Case-Shiller index of home prices in 20 leading U.S. cities fell 0.1 percent in December, the second monthly decline in a row . The Conference Board said its consumer confidence index fell to 78.1 in February from 79.4 in January .

Mace Blicksilver , director of Marblehead Asset Management , said investors were also disappointed by comments from JPMorgan Chase as the investors who showed mediocre prospects in several divisions , including investment banking and trading " fixed-income " ( fixed income ) .

Prospects JPMorgan looks " slightly negative , " said Blicksilver . As a result , " the financial sector is slightly weaker , " he added .

JPMorgan fell 1.7 percent , while investment bank Goldman Sachs slumped 1.8 percent and Morgan Stanley lost 2.0 percent .

Profit from Home Depot home improvement retailer to show it continues to grow , beating estimates two cents , and sales of its stores rose 4.4 percent . The company posted the biggest gain in the Dow today , up 4.0 percent .

Profit Macys 2.31 ​​U.S. dollars per share beat estimates by 14 cents , as investors brushed off the earnings came in below expectations as a result of bad weather that closed its stores . Its shares jumped 6.0 percent .

Shares of electric car manufacturer Tesla Motors rose 13.9 percent higher after Consumer Reports pointed Tesla Model S luxury cars as the 2014 top vehicle purchased . Its shares also benefited from the report " bullish " by Morgan Stanley .

LinkedIn announced plans to launch a Chinese language version of the online professional networking site her , lifting shares 5.1 percent .

Biotechnology company InterMune skyrocketed 170.8 percent on news that its Pirfenidone treatment significantly reduced the progression of idiopathic pulmonary fibrosis in a trial .

General Motors to significantly expand the withdrawal of certain models of Chevrolet and other brands due to defective ignition . Largest automaker in the U.S. that now has attracted 1.6 million cars due to disability , up from 780,000 two weeks ago . Its shares fell 1.2 percent .

Bond prices rose . The yield on U.S. government 10 - year futures fell to 2.70 percent from 2.75 percent on Monday , while the 30 - year fell to 3.66 percent from 3.71 percent .

No comments:

Post a Comment