On Thursday, September 23, at the bidders on the U.S. stock market were reasons both for pessimism and to improve mood. Started trading in a gap down, and this dynamic was fully justified: in Europe business activity index fell, National Bureau of Ireland reported that in the II quarter of 2010. GDP declined by 1.2%, while the country was faced with the probability of double-dip recession, the first portion of domestic macroeconomic statistics, the U.S. was also negative. U.S. Department of Labor (US Department of Labor) reported an increase in the number of initial applications for unemployment benefits last week, which ended Sept. 18, 2010. As compared with that of the previous week to 12 thousand - up to 465 thousand Thus, all embarked on their places, because it was strange to expect improvement in the labor market, as predicted by experts, consolidating on a minimum of 450 thousand claims. The figure for the previous week, incidentally, still has been revised upward from 450 thousand to 453 thousand
The reason that allowed by the middle of the day to win back the morning of loss, was the publication of data from the housing market, as well as the index of leading indicators for August. Both figures indicated a slight improvement and was better than economists had forecast. In general, the mere fact that investors have turned a blind eye to the negative, when there were even a little optimistic numbers, positive for the market and indicates the willingness to start the game from purchases as soon as a suitable occasion. Perhaps this occasion will be Friday's release of data on sales of new buildings, once the current week's statistics from the real estate market encouraged investors. Ahead of the curve, however, on Thursday to play bidders decided not to, and understand they can - hope hopes and rally still continues to decline, and already next week there is a real risk of a hard "drawdown." In this light, the fact of the return indices for morning lows are not surprising.
Following the auction on September 23 the Dow Jones index dropped by 76.89 points (-0.72%) - to 10,662.42 points, NASDAQ - by 7.47 points (-0.32%) to 2,327.08 points, S & P - by 9.45 points (-0.83%) to 1,124.83 points.
