Survive Nasdaq, Dow Jones exuviate
Stock-shares in Wall Street closes this weekend with a variety. Nasdaq can still menguat’s blessing Palm Inc, while the Dow Jones by anjloknya drop in oil prices.
In the trade Friday (26/6/2009), the index Dow Jones industrial average (Địa) closed down 34.01 points (0.40%) to 8438.39 level. Index Standard & Poor’s 500 million down 1.36 points (0.15%) to a level of 918.90, while the Nasdaq rose 8.68 points (0.47%) to 1838.22 level.
Throughout this weekend, Dow Jones down 1.19%, S & P 500 down 0.25%, Nasdaq rose 0.59%.
Nasdaq index picked up by Palm announced that losses are lower than expectations. Shares of Palm menguat up to 16% after the states have a high demand of the newest products.
While the negative sentiment that is menggelayuti data that indicates that the interest rate jumped, so the savings to U.S. consumers who have a lot of debt likely will not be able to lift the U.S. economy out of recession as soon as possible.
Data showed that consumer spending and income both increased during May after the government’s stimulus spread to the entire economy. But most of that money is saved. Data shows record-breaking highest savings of U.S. $ 768.8 billion, the highest since 1959.
Robert Stimpson, portfolio manager of the Oak Associates states, trends in U.S. society is now more like saving money rather than spend.
“U.S. markets may be left behind compared to other countries because we have to pay off debt, increase savings and interest rates look better finance its own, which means lower consumer spending,” he said as quoted from Reuters, Saturday (27/6/2009).
Shares of energy-stock melorot directly after the oil price down below U.S. $ 70 per barrel. Chevron shares down 1.4%, Exxon Mobil down 1.2%.
Trade is quite large, the transactions in New York Stock Exchange reached 2.35 billion, below the average for the year ago 1.49 billion. Meanwhile, in the Nasdaq, transactions reached 4.31 billion, above the average of a year ago to reach 2.28 billion.
Oil prices Melorot
Meanwhile, world crude oil prices back melorot below U.S. $ 70 per barrel over the occurrence of profit taking.
Main oil contract, light delivery in August down 1.07 dollars to the level of U.S. $ 69.16 dollars. Brent oil shipments in August down 86 to U.S. $ 68.92 per barrel.
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