On Tuesday, the financial companies’ shares falling led to the US stock indices decline. Reports about the debt growth on credit cards pressured shares of Capital One, J.P. Morgan and other companies. According to the trading results, Dow Jones Industrial Average index dropped by 49.05 points or by 0.475% to 10452 points. Standard & Poor\'s 500 index moved down by 6.18 points or by 0.55% to 1107.93 points, having interrupted the 4-day growth line. Nasdaq Composite index ticked down by 11.05 points or by 0.5% to 2201.05 points following the session’s results.
The falling leaders became shares of Bank of America, which tumbled by 44 cents or by 2.8% to 15.19 USD, and J.P.Morgan shares, that slumped in price by 91 cents or by 2.2% to 40.86 USD. Capital One shares quotations went down by 96 cents or by 2.3% to 40.09 USD. However, Wells Fargo shares quotations rose by 17 cents or by 0.7% to 25.66 USD after it was known that the bank was planning to raise funding of 10.65 billion USD by equity issue for the state aid payoff. PNC Financial Services shares decreased by 1.54 USD or by 2.9% to 51.82 USD. SunTrust Banks shares slid by 1.28 USD or by 5.8% to 21 USD and KeyCorp dipped by 28 cents or by 4.6% to 5.82 USD.
Best Buy shares quotations sinking also put downward pressure on the market, slipped by 3.84 USD or by 8.5% to 41.53 USD following the trading results.
Best regards,
analyst: V. Donin.
