Business News & Financial News

The U.S. stocks have ended without major trend Wednesday as investors wondering about the tone set by the Fed in the minutes of the last meeting of its Monetary Policy Committee.

The Federal Reserve said that its members should be prepared to adopt new measures to support the economy if the environment deteriorates.

See Fed talk about slowing down and hear that she may have to provide more support and cash undoubtedly shaken the markets, "said Bruce Zaro, chief investment strategist for Delta Global Advisors.

The Dow Jones, which includes the thirty most important values of American industry, was up 0.04% to 10.366.72 points, the S & P 500 index fund managers, dropped 0.02% to 1095.17 points.

The Nasdaq's side showed signs of resistance, clinching 0.35% to 2224.84 points, thanks to technology, supported by better than expected results released Tuesday by Intel. The title of the Informatics Group closed up 1.67% to 21.36 dollars.

Investors have also learned the consequences of the publication of statistics showing that business inventories had risen less sharply than expected in the United States in May while sales fell for the first time since March 2009.

The S & P showing variations of values related to consumption has dropped 0.54%.Abercrombie & Fitch has lost 0.83% to 35.93 dollars while JCPenney yielded 0.86% to 22.99 dollars.

The bank has also been the subject of intense clearances pending the results of resistance testing is suffered by 91 European banks.

The KBW index of sectoral sector fell 1.61%.

A reversal of the trend, GlaxoSmithKline closed up 1.76% to 36.35 dollars after the positive vote from the Food and Drug Administration on a diabetic, developed by the laboratory.

Next week will be loaded in statistics but the employment figures, to be published Friday, are probably those expected with more anxiety on Wall Street.

Economists expect 110,000 job losses in June, a large part due to the fact that the government has sent home half of those hired by acting for the census.

The unemployment rate is expected to 9.8% against 9,7% in May

Without a net growth of employment, the U.S. economy likely to frown, the consumer limiting his spending to the minimum necessary.Consumer spending accounts for two thirds or less of GDP.

Two other indicators, among the many to be announced, are also of interest to Wall Street: consumer confidence in June (Tuesday), scheduled withdrawal from May, and promises of real estate sales in May ( Thursday).

The latest indicators published in real estate suggests that the recovery in dock because of the expiry of measures for first-time buyers.

"The truth is that the recession is not over, either a relapse or a straight line without growth, it is anyway probably more real than all the noise around the recovery," said Carl Birkelbach (Birkelbach Investment Securities).

On the whole week, the Dow Jones lost 2.94% the S & P 500 3.65% and the Nasdaq Composite 3.74%.Since the beginning of the year, the Dow lost 2.73%, the S & P and Nasdaq 3.44% 2.01%.

HIGH VOLATILITY, NARROW FLUCTUATIONS

The agreement reached Friday morning in Congress on financial reform is also to be considered a good place for U.S. President Barack Obama urged the world to emulate the United States during the G20 summit in Toronto .

He is likely that volatility will be higher next week, fund managers adjust their portfolios at the end of the quarter.

The volumes tend to fall before long weekend of Independence Day, a factor which may in turn increase volatility.

To the extent that July 4 falls on a Sunday, the U.S. markets will be closed tomorrow.

This promise may be times tense for traders focused on technical elements that the S & P has been able to hold above its 200-day moving average during the week.Some investors believe that a movement below this threshold is a bearish signal.

For Michael Sheldon (RDM Financial Group), the margins of fluctuation of the market will probably narrow in coming weeks.

The next week also see some results of companies, Monsanto and Micron Tech among others, as a prelude to the flood of quarterly results which go off from mid-July.

As usual, Alcoa, one of the Dow 30 stocks, will open fire on July 12.

Corporate profits of the S & P are expected to increase by 26.8% in the second quarter, according to Thomson Reuters.

The U.S. stock markets opened Monday with no real direction, oscillating between higher and lower, the announcement of a rise in industrial orders in Germany in April was not enough to allay fears about the financial difficulties of Hungary.

Rising in the very first exchanges, the Dow Jones 0.14% yielded a few minutes later at 9917.84 points, the Standard & Poor's 500 index 0.14% to 1063.37 points and the Nasdaq Composite 0.27% to 2213.23 points.

In the wake of the Asian and European stock exchanges, markets always react negatively to the budget problems of Hungary after a government spokesman said Friday that the country was unlikely to escape a crisis comparable to that experienced by Greece.