Wall Street lost nearly 1.5% with banking
Wall Street fell nearly 1.5% on Thursday because of concerns about the state of the economy after the lukewarm assessment of the Federal Reserve on the pace of recovery in the United States.
The Dow Jones 30 industrials surrendered 1.41% or 145.64 points at 10,152.80. The S & P 500 is broader, lost 18.35 points, or 1.68%, to 1073.69.The Nasdaq Composite fell on its side of 36.81 points (-1.63%) to 2217.42.
The U.S. stock market has also suffered from the approach end of the legislative process of the radical overhaul of financial regulation, which should translate into lower profits for banks.
It is likely that the Democrats will retain bargaining provisions to severely restrict the activities of the banks own account, and some of their investments, not changing the text at the margin.
JP Morgan Chase and Bank of America have respectively lost 2.21% to 38.03 dollars and 2.66% to 15.02 dollars while the S & P financials grouping yielded 2.07%.
The good statistics of the day – orders of durable goods fell less sharply than expected enrollment and weekly unemployment fell more than expected – were enough to overshadow the comments of the Federal Reserve recognizes the fragility of economic recovery U.S..
"There has been little good news this week and reformed the financial system has further obscured the situation," said Alan Lancz, president of Alan B. Lancz Associates.
In terms of values, as Dell has lost 6.44% at 12.93 dollars, the investors had not been very convinced by the growth strategy announced in the day by the manufacturer of micro-computers.
- The Dow ended little changed and the Nasdaq gained 0.40%
- The Fed has done enough to stimulate the U.S. economy, according to Fisher
- Decline in unemployment in Germany in May, uncertainties in 2011
- Sharp rise on Wall Street the day before the Fed's 1.37%
- Wall Street up to the opening through the global rebound