The American stock market fell after three days of growth

January 6, 2009 – 10:30 pm

U.S. stock indexes fell Monday, January 5, against the background of fixed profits after three sessions of growth stock quotes, reports MarketWatch.

Impact on Investors have also had the December sales results on the U.S. automotive market.

At the end of the trading index of blue chips “Dow Jones Industrial Average fell 81.80 point, or 0.9%, to 8,952.89 points. Index broad market S & P 500 closed at 4.35 decrease, or 0.5%, at around 927.45 points. High “Nasdaq Composite declined 4.18 point, or 0.3%, and closed at level 1628,03.

Shares of oil companies went on a background of rising oil prices. The price of oil on 5 January rose to a monthly maximum on a background of escalating conflict between Israel and Hamas. A positive role in the market had also plans to get the economy out of crisis, proposed by U.S. President Barack Obama. As a result of trades on the NYMEX February crude oil futures on the supply of stamps WTI increased by $2.47, or 5.3%, to $48.81 a barrel. During the bidding price of oil rose to $49.28 a barrel.

Paper Apple rose by 4.2%. The head of the company Steve Dzhobs refuted rumors that he was deathly ill. Such rumors have appeared in the fact that he was unable to speak at Macworld. Dzhobs said in his open letter that he had discovered a hormonal imbalance, and treatment of this disease is simple.

support the market had plans Barak Obama. Before the councilors elected president, the U.S. claimed that its economic recovery program would include tax cuts for workers and businesses for a total of about $300 billion thus Obama expects to receive the support of skeptics in Congress who are concerned that its program is too big role may be given a state.

Ford Shares rose by 4.9%, and the paper went on GM 1,6% due to the fact that the drop in sales in the U.S. automotive market in December was not as disastrous as experts predicted.

In general, the New York Stock Exchange, NYSE, raised the number of shares exceeded the number fell by a ratio of 2 to 1. The ratio grew up and the stock fell on an electronic platform Nasdaq was just 7 to 6. Turnover on the NYSE totaled 1.3 billion shares. On the electronic platform Nasdaq turnover was 673 million shares.



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