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FX.co ★ The U.S. stock market review

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Forex Analysis:::2009-09-21T21:00:00

The U.S. stock market review

The companies’ shares of the energy, raw materials and financial sectors, heading the six month growth, decreased on Monday. Thus fall of the Chevron, Potash and American Express companies shares forced only third falling of Dow Jones Industrial Average and Standard and Poor\'s 500 indexes for 12 sessions.

As to the Potash shares, they dropped by 4,05 dollars or 4,2 %, to 93,09 dollars. This decrease was caused by that the company lowered the profit forecast for 2009, having specified lower sales volume because of still slack demand.

More large-scale indexes change was caused by fears that almost six month shares growth, probably, became excessive. Shares of the sectors heading the growth suffered the most while shares of some stable companies, such as the technological companies, suffered slightly.

As a whole, Dow Jones Industrial Average index came down by 41,34 points or 0,42 %, to 9778,86 because of American Express shares fall of 1,01 points or 2,9 %, to 33,76 points, and Chevron shares slump of 59 cents or 0,8 %, to 72,05 points.

Standard and Poor\'s 500 index slid by 3,64 points or 0,34 %, to 1064,66 points, and Nasdaq Composite index ticked up by 5,18 points or 0,24 %, to 2138, 04 points. Nasdaq index still trades with an increase of 6,4 % this month. Meanwhile, both Nasdaq, and Standard and Poor\'s 500 grew by 3 % or more in September.

The U.S. stock market review

The U.S. stock market review

The U.S. stock market review

Regards,

Analyst: Vladimir Donin

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