Wallstreet is Stagnant
NEW YORK – Wall Street Stock Exchange is closed stumbled over a five-day rally in a row, in trading Tuesday (15/12/2009) local time, as the inflation news will hit the U.S. central bank to raise the Fed rate. In addition, giant General Electric Co. predicts 2010 revenues and profits tend to be flat at the end of this year.
As reported by Reuters on Wednesday (16/12/2009), the trade became less enthusiastic as the meeting of the Central Bank for two days to discuss interest rates. American central bank, confirmed not expect to raise interest rates, but economic reports on inflation could trigger the country’s central bank Uncle Sam is to raise interest rates.
Market participants expect, the Fed quickly issued a statement on the economic situation and the interest rates are, on this Wednesday. High interest rates would trigger an increase in U.S. dollars.
These sentiments, with the Dow Jones industrial average (. DJI) fell 49.05 points, or 0.47 percent equivalent to the level of 10,452.00. While the index Standard & Poor’s 500 (. SPX) fell 6.18 points, or 0.55 percent equivalent to 1107.93 and the Nasdaq Composite Index (. IXIC) Corrected 11.05 points, or 0.50 percent to 2,201.05.
Previously, in early trading Monday last week (14/12/2009) Wall Street frenzy immediately following a second positive sentiment. This sentiment was immediately ushered into the stock index highest position in the last 14 months.
“We’ve seen a way out of the slump. Especially if many companies do a positive action, it would be even better. The sentiment has raised confidence in the world,” said Co-Chief Investment Officer Peter Oakbrook Investments LLC Jankovskis, in Lisle, Illinois .
Both sentiments are referred to, namely injection Abu Dhabi worth $ 10 billion to Dubai. Funds were provided to help the problems of the economic twisting Dubai.
Government of Dubai, said some funds were approximately $ 4, 1 billion, will be used to help property firm Nakheel on the payment of bonds based syariahnya. Nakheel will also realize payment within two weeks. The other half will be used to monitor the problems of Dubai World.
beitarnews | Stock Report | 12 16th, 2009 |












