The Dow and S & P fell 0.80% and the Nasdaq 1.21%: the decline has amplified the mid-session content was then precisely so that the weekly balance sheet remains close zero (+0.02% for the Nasdaq) or slightly negative (-0.18% for the S & P500 or -0.3% for the Dow).
In this way, no short or medium term support has been threatened, U.S. indices are just back to position "soft" on the floor last tested on May 5. Everything is "under control" ... and what a contrast to the volatility that has been unleashed on the commodities market for 10 days.
The "adjustment" algorithms applied to stock indices, by contrast, is fascinating precisely: about one side (due to oscillations above the moving average 20 days), the other with chaos breaking media on metals and oil.
Equity markets maintain their status as a refuge in a speculative context rendered unstable by the deliberate modification of the rules of the game on the market "commodities".
Will they ever escape the instability factor consisting of the indebtedness of the states and the insolvency of many (Greece and Potugal are on everyone's mind)?
The economic figures of the day do not expect a response because they are not likely to influence the strategy of the Fed.
U.S. figures of the day were 'good bill, with consumer prices in the U.S., which rose 0.4% in April compared to March (+0.5%), and the' core rate ', excluding food and energy, the index was up by 0.2% (+0.1% cons).
The real 'good surprise of the day' came from the rebound of the index of consumer confidence, UMich ': it rises to 72.4 for the month of May in the preliminary estimate, against 69.8 in April, while economists on average expected a figure close to 71 in May
But we must believe that Wall Street does not like the 'good news': just recall the negative closing of U.S. indices few hours after the announcement of the death of bin Laden. On the currency front, the euro continues to slide (-1% to $ 1.4110), and he loses contact with the former resistance of 1.4250 USD (the Euro has lost 8 percent against the dollar in 10 days).
Rising Dollar accompanied relapse symmetric price per barrel below $ 99 after testing $ 100 in mid-day.
Among the most actively traded securities, there was -11% with Nvidia, Baidu -5.3%, -4.9% First Solar, Motorola -4.4% -3.6% Yahoo.
Financial stocks have suffered from uncertainty about the solvency of JPMorgan Chase Greece fell by -2.1%, Bank of America and Citigroup -2.2% -2.10% 41.5 $ (despite the payment a dividend of 1 cent).
In this way, no short or medium term support has been threatened, U.S. indices are just back to position "soft" on the floor last tested on May 5. Everything is "under control" ... and what a contrast to the volatility that has been unleashed on the commodities market for 10 days.
The "adjustment" algorithms applied to stock indices, by contrast, is fascinating precisely: about one side (due to oscillations above the moving average 20 days), the other with chaos breaking media on metals and oil.
Equity markets maintain their status as a refuge in a speculative context rendered unstable by the deliberate modification of the rules of the game on the market "commodities".
Will they ever escape the instability factor consisting of the indebtedness of the states and the insolvency of many (Greece and Potugal are on everyone's mind)?
The economic figures of the day do not expect a response because they are not likely to influence the strategy of the Fed.
U.S. figures of the day were 'good bill, with consumer prices in the U.S., which rose 0.4% in April compared to March (+0.5%), and the' core rate ', excluding food and energy, the index was up by 0.2% (+0.1% cons).
The real 'good surprise of the day' came from the rebound of the index of consumer confidence, UMich ': it rises to 72.4 for the month of May in the preliminary estimate, against 69.8 in April, while economists on average expected a figure close to 71 in May
But we must believe that Wall Street does not like the 'good news': just recall the negative closing of U.S. indices few hours after the announcement of the death of bin Laden. On the currency front, the euro continues to slide (-1% to $ 1.4110), and he loses contact with the former resistance of 1.4250 USD (the Euro has lost 8 percent against the dollar in 10 days).
Rising Dollar accompanied relapse symmetric price per barrel below $ 99 after testing $ 100 in mid-day.
Among the most actively traded securities, there was -11% with Nvidia, Baidu -5.3%, -4.9% First Solar, Motorola -4.4% -3.6% Yahoo.
Financial stocks have suffered from uncertainty about the solvency of JPMorgan Chase Greece fell by -2.1%, Bank of America and Citigroup -2.2% -2.10% 41.5 $ (despite the payment a dividend of 1 cent).