Friday, 20 August, at the fund in the U.S. market continued sale, despite a noticeable drop in the indices yesterday. The day was quiet in terms of publication of macroeconomic statistics - important information was not disclosed. However, the rebound up "bulls" session is not used - they simply see no reason to have hands on paper, when the economies of the leading countries, raw materials and, accordingly, the stock markets not only raise questions, but with every day are becoming more pessimistic. On Thursday U.S. stock indexes closed near its lowest level in nearly four weeks, so Friday's market weakness was more than enough to update these minima.
As a result of trading on August 20 the Dow Jones index dropped by 57.59 points (-0.56%) - up to 10,213.62 points, NASDAQ rose by 0.81 points (0.04%) - up to 2,179.76 points, S & P dropped to 3.94 points (-0.37%) - up to 1,071.69 points.
The situation in the energy market contributed to the sale of shares. On Friday afternoon, the cost of stamps Brent oil fell below the important level of $ 75 per barrel. And in the evening has already reached $ 74 per barrel. Against the background of financial instability began again fled to the dollar, and increase its rate affects the cost of raw materials. In light of this commodity companies were not in favor with the players. Thus, among the oil companies have suffered the greatest losses ConocoPhillips (-1,5%), Anadarko Petroleum Corp. (-2,6%), Devon Energy Corp. (-1,37%), Marathon Oil Corp. (-1,5%), Hess Corp. (-1.44%) And Chevron Corp. (-1.04%). Better to look traded in NYSE stocks BP, but on Friday it became known that the Swiss oil company Transocean has accused BP of concealing the data needed to investigate the cause of the explosion on the platform of Deepwater. Shareholders of British oil giant remain calm - for them of such a plan is not negative. Quotes BP on Friday rose to 0,44%.
Negative look and metallurgical companies: contracts for base metals on August 20 sharply lost in price, partly the reason for this became overly optimistic expectations of investors a day earlier. On Friday the value of shares of Alcoa Inc. dropped to 0,84%, Freeport-McMoRan Copper & Gold Inc. - 1%, Southern Copper Corp. - On 0,17%, United States Steel Corp. - On 1,51%, AK Steel Holding Corp. - On 1,97%. Despite the volatility in financial markets, gold prices did not continue to rise. Apparently, the desire to build up positions in the hedge instrument has been fully offset by the much increased cost of the dollar. As a result, an ounce of gold fell by up to 1,230 dollars, and paper Newmont Mining Corp. lost in the price of 0,72%.
Better market looked Canadian fertilizer producer Potash Corp. of Saskatchewan Inc. and Australian-British mining giant BHP Billiton Ltd. First, on Friday urged its shareholders to take no transactions with securities companies as long as long as the board of directors did not review formal proposals submitted by BHP, and formulate recommendations. Market participants believe that Potash is using this time to search for other proposals, the amount which would have closer to reality - in the opinion of management - the value of companies. In BHP Billiton emergence of competing proposals do not exclude and are ready to reconsider the bar $ 130 per share, which they offer for each share of the Canadian manufacturer, but is not yet known what the maximum level of assessment. Paper Potash Corp. Friday added to the price of 0,56%, BHP Billiton - 0,13%.
Among the corporate reporting on August 20 worth to pay attention to these world leaders in production of computers Dell Inc. and Hewlett-Packard Co. Both companies reported good results over the past quarter, but Dell managed to build up significant profit (+16%) than HP (+6%). The dynamics of quotations of the companies on Friday was appropriate: HP shares have fallen in price on 2,24%, and Dell could add only 0.25%. Investors are concerned about the pessimistic expectations of sales in the period ahead. The growing tendency of Americans to save is obvious, and-reporting vendors noticed players on the fact that in some segments (particularly in such large, such as home personal computers) sales are no longer growing.
While the stock market continued sell-off is hardly worth thinking about the long-positions: unknown, with some spirit back in the early autumn for auction resting investors - the economic outlook, it is not improving. American indices updated in a four-week lows on Friday, and now the goal of reducing new - minimum mark mid-July. By S & P Index is a level of 1,055 points, and on Dow Jones - a round mark of 10000 items.
