On Wednesday, 27 October, the U.S. stock market started the day a gap down and then throughout the session continued sliding on inclined. Mixed corporate background, established companies will report back, optimism, investors are not added. The reason sales are fears that the volume of the forthcoming redemption of debt securities of U.S. regulators will be less than expected. Previously, investors have relied on pumping up the market an amount of 0,5-1 trillion dollars, which would force banks to look for ways to invest the funds provided, and hence would lead to an increase in asset prices as the commodity markets and stock. Now in the U.S. media leaked that the Federal Reserve System (FRS) may be limited to the purchase of debt securities for only a few hundred million dollars, which is not very much for such a powerful economy. Trusted in the future growth of assets investors cut long positions now, the Dow Jones and S & P fall.
Apparently, that's why the positive macroeconomic statistics has not had the desired effect on quotes - it became an additional argument in favor of reducing the support program. Recall, U.S. Department of Commerce (US Department of Commerce) has reported growth in orders for durable goods in September 2010. 3,3%, while analysts predicted an increase of 1,6%. Upwardly revised figure, and in August. Housing market data from the Ministry also exceeded expectations: sales of new homes in September totaled 307 thousand units, not 300 thousand, as economists expected.
Following the auction on October 27 the Dow Jones index dropped by 43.18 points (-0.39%) - to 11,126.28 points, S & P - on 3.19 points (-0.27%) - to 1182.45 points. NASDAQ index rose 5.97 points (0.24%) - to 2503.26 points.
Good data from the housing market to help the largest U.S. construction companies have been unable to. Issuers of industry only in early trading in positive territory visited, and then just follow the market trend. Capitalization PulteGroup Inc. decreased by 0,38%, Lennar Corp. - On 1,48%, Hovnanian Enterprises Inc. - On 2,19%, Beazer Homes USA Inc. - On 0,72%. Toll Brothers Inc. by the end of the day was able to return to the opening level.
On Wednesday, the financial report for the III quarter of 2010. presented the American Petroleum Corporation ConocoPhillips. Adjusted profit for the III quarter of 2010. (Excluding proceeds from asset sales and other special items) amounted to 2.2 billion dollars or 1.50 dollars per share. Thus, the profits of Conoco has surpassed market expectations - analysts had forecast that earnings per share were 1.46 dollars ConocoPhillips says quarterly growth year over year by higher prices for hydrocarbons and higher refining margins in the U.S.. However, these positive factors were partially offset by lower production volumes and rising taxes. Grow up paper companies on Oct. 27 failed, but looked no worse than the industry: ConocoPhillips shares lost 1.22% of the price, Exxon Mobil Corp. - 1,29%, Chevron Corp. - 0,99%, Anadarko Petroleum Corp. - 1,39%, Devon Marathon Oil Corp. - 0,87%.
