The disappointing employment report, declared in advance of the two another official reports publication this week, put pressure upon the shares of the consumer sector companies.
Dow Jones Industrial Average decreased by 29,93 points or 0,32 %, to 9280,67 points. The index decrease wave which proceeds the fourth sequent day – the longest since June, 24. Following the trading results Standard and Poor\'s 500 fell by 3,28 points or 0,33 %, to 994,76 points and Nasdaq Composite – by 1,82 points or 0,09 %, to 1967,07 points.
The active shares purchasing helped to mitigate losses, these shares are considered as more safe, including securities of Newmont Mining and Barrick Gold goldmining companies. Newmont Mining shares grew by 3,72 dollars or 9,3 %, to 43,90 dollars, and Barrick Gold shares – by 2,84 dollars or 8,1 %, to 37,89 dollars.
The companies-manufacturers of base consumer goods also helped. Leaders here are the Coca-Cola shares, which ticked up in price by 1,27 dollars or 2,6 %, to 49,80 dollars.
Increase of demand for less risky assets during the session was caused by the ADP report which effected the reduction of workplaces number in the USA private sector by 298 000 in August.
Amid this the Walt Disney shares fell by 28 cents or 1,1 %, to 25,40 dollars, and Macy\'s shares went down by 41 cent or 2,7 %, to 14,75 dollars.
The wide spectrum of the financial companies securities also reduced. JPMorgan shares dropped by 81 cent or 1,95 dollars, to 40,86 dollars, and SunTrust shares declined by 1,56 dollars or 7,2 %, to 20,17 dollars.
The stock quotes of all these companies decreased on Tuesday, the situation repeated on Wednesday. It is the evidence of short-term correction probability.
Best regards,
Analyst: Vladimir Donin
