The New York Stock Exchange ended the month of January low, with investors not impressed by the growth rate of the US economy in the fourth quarter of 2014 and by the prudent forecasts of large US companies.
The final results of the meeting indicate that the Dow Jones Industrial Average depreciated 1.45% (251.90 points), to 17,164.95 units, and the Nasdaq 1.03% (48, 17) for 4635.24
The broad index S & amp;. P 500 lost 1.30% (26.26), for 1994.99 points. This loss today made this index has registered the strongest monthly decline since the beginning of 2014 in 3.04%.
After a brief recovery attempt, New Yorkers indices moved to negative territory and accentuated the losses approaching the closing of the session.
“The day was volatile, like the week,” said Dan Greenhaus of BTIG, whereas the acceleration of the downward trend at the end of session was mainly connected “to position adjustments” before the end of the week and the end of the month.
From the start, investors showed their disappointment with the numbers of the growth of the US economy, which did worse than expected. Gross domestic product (GDP) of the first world economy grew 2.6% in the fourth quarter of 2014 on an annualized basis, down from 3.2% expected and 5% recorded in the previous three quarters.
With encouraging sign, consumer spending rose rose 4.3% to reach a maximum of almost eight years in this period, taking advantage of the low price of oil.
The impact of this decline, which today suffered a strong reversal, with a rise of more than three dollars in London and New York, was made also felt in US companies, especially in the energy and persistence of dollar strength, which reduces their margins on exports .
As a result, companies that published their results also released forecasts for the first quarter 2015 dominated by prudence, “which worried investors” about the strength of the US economy this year, stressed analysts at Briefing.com.
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