FX.co ★ The US stock market appraisal

The US stock indexes ticked down by the end of Wednesday deals, as the investors concerns are rising regarding the economic reports, which are due later in the USA this week.

In followup of the day, DJIA index decreased by 29,92 points or by 0,31% to 9712,28 points. Nasdaq Composite 1,62 points or by 0,08% to 2122,42. Standard & Poor\'s 500 fell by 3,54 points or by 0,33% to 1057,07 points.

The most unfavourable dynamics among the index components was demonstrated by residential, industrial and financial sectors. A moderate growth was shown by consumer and technological companies shares.

As a falling leader turned out to be JPMorgan shares with a drop of 1,06 dollars or 2,4% to 43,82 dollars. Bank of America shares tumbled by 24 cents or by 1,4% to 16,92 dollars, Disney shares — by 48 cents, 1,7% to 27,46 dollars. Cisco Systems shares rose by 24 cents, 1% to 23,54 dollars, International Business Machines shares — by 80 cents, 0,7% to 119,61 dollars.

On Wednesday, the data was uncertain. On one hand, there was revised the economy contraction estimate for Q2 to a postive one. On the other hand, there were some dissappointing figures measuring the Middle West manufacturing activity and the job payrolls report of the US private sector.

Kind regards,

Analyst: Vladimir Donin