On Wednesday, September 22, trades on the U.S. stock market took place in a moderately pessimistic vein. Investors do not have a reason for the investment of funds in equities, since the outcome of the meeting the day before the U.S. Federal Reserve is not presented with pleasant surprises. Some reshaping market a new round of dollar weakness against the euro. On Wednesday, the dollar sank to a five-month minimum, which was due to a high probability of continuing the policy of "cheap money" - the Fed confirmed its willingness to resort to monetary incentives, if necessary. Desheveyuschy dollar does not help the flow of investment capital into the stock market, the players expressed a preference for a more reliable instruments - bonds and contracts on gold.
As a result of trading on September 22 the Dow Jones index dropped by 21.72 points (-0.2%) - up to 10,739.31 points, NASDAQ - by 14,8 points (-0.63%) to 2,334.55 points, S & P - 5,5 points (-0.48%) to 1,134.28 points.
Amid the dismal prospects of weakening the national currency investors sought to get rid of the shares of American banks. Sales were broad front, no one has managed to avoid losses. By the end of the day Morgan Stanley lost 4,26% of the capitalization, Citigroup Inc. - 1,52%, Wells Fargo & Co. - 2,16%, JPMorgan Chase & Co. - 1,6%, Bank of America Corp. - 1,68%, The Goldman Sachs Group Inc. - 2,2%, and the U.S. Bancorp - 1,53%.
As an outsider of the day is firmly established software maker Adobe Systems Inc. The company introduced a weak financial report for the III quarter of the current fiscal year, its net profit rose 69.2% to $ 230.1 million against $ 136.0 million in the previous year. Revenues increased by 42% - to 990.3 million dollars dynamics in a very good, but investors were disappointed with the manufacturer's forecast for IV quarter - the company does not expect revenue growth and, moreover, does not preclude its fall. The reason lies in the low demand from educational institutions, which industry analysts have placed high hopes. Against this background, once a number of analytical houses downgraded the papers Adobe - that ISI Group, Robert W. Baird and the FBR Capital. In summary, the recommendations were reviewed with the highest to neutral. Day Adobe Systems has completed a crushing fall at 19.03%. Obviously, the "bears" are overdone. Among other software vendors poorly looked Symantec Corp. (-1%) And McAfee Inc. (-0.23%). Able to grow Oracle Corp. (1.42%).
Much less noticeable in comparison with Adobe growth of financial indicators demonstrate one of the largest networks in the U.S. to sell used cars, CarMax Inc. Its net profit rose 4.76%, while revenue - by 12,5%. But here the expectations of experts were more restrained, so the company could easily surpass forecasts. As a result, the cost of shares of CarMax soared to 8.46% - down two-month maximum.
