2010/12/23

Late: the general decline in financial stocks

U.S. stocks continued to within a narrow range late on Thursday, major stock indexes mixed. Financial sector generally lower. Economic data was mixed, most investors do not want to adjust the positions before the holidays.

At 15:14 on December 23 EST, the Dow Jones industrial average rose 0.23 points to 11,559.72 points, or 0.00%; the Nasdaq composite index fell 6.73 points to 2,664.75 points, down 0.25%; the S & P 500 Index fell 3.06 points to 1,255.78 points, down 0.24%.

Today, the highest intraday Dow climbed to 11,580.84 points, a record intraday high of two years. Dow component Alcoa (AA) rose 1.3%, Hewlett-Packard (HPQ) rose 0.7%, Verizon Communications (VZ) rose 0.4%. Bank of America (BAC) fell 2.8%, Disney (DIS) fell 0.8%.

Financial sector generally lower. Telecommunications and raw materials sector outperformed the broader market. Regional banks Regions Financial Corp (RF) fell 2.3%.

Economic data released this morning little unexpected places, so investors believe that the holidays approached, no need to adjust positions.

Although durable goods orders fell by 1.3%, well above the average market forecast of down 0.6%, mainly civilian aircraft orders fell 53.1%. But this report shows that capital expenditure to measure a key index, excluding aircraft, a new non-defense capital goods orders rose 2.6%, indicating that as the economy recovers and business spending is also growing.

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