Stocks give up concerns earnings gains

NEW YORK – Stocks turned lower Thursday as investors have dug around a raft of income tax returns that paints a mixed picture of the economy.

The Dow Jones industrial average fell to 27 points at the end of morning market commerciaux.Le has increased steadily in the moments of the opening of exchanges for a surprise drop first unemployment benefits claims.

There is encouraging news in Eastman Kodak Co., Motorola Inc. and ExxonMobil Corp. .but reports solid results in these companies were offset by disappointments co.M 3, actions Avon Products Inc. and Colgate-Palmolive Co. Apple Inc. has also after the company warned that its profit margin could restrict the next year.

Mixed earnings in the last few days undermined energy from a recovery on the stock market, which has been on an increase of almost unbroken since early September.

Pharmaceutical companies Bayer AG, Sanofi-aventis SA and automaker Hyundai Motor Co. blow gains worldwide with optimist, sending results overseas stocks higher before the u.s. markets.

A surprise decline in unemployment insurance claims provided most encouragement .revendications economy fell to their lowest level in three months, strengthen hopes that businesses could begin to ramping up hiring bient?t.Première times claims decreased by 21,000 to is last week, then that economists expected to increase. Claims were approximately 450,000 in much of the year, which is regarded as a signal that employers do are not fired many people come but not hiring many either.

Dow Jones index fell 27.17 or 0.2 percent, to 11,099.11 in late morning trade.He was 53 points earlier in the day.

Standard & Poor 500 index fell 1.74, or 0.2 percent, to 1,180.71, while the Nasdaq composite index dropped 8.96 or 0.4%, 2,494.30.

Not even a drop of the dollar could support the market support.Stocks and commodities were very sensitive to movement of the dollar last semaines.Une the dollar makes active risky to price in the currency, such as gold, oil and domestic stocks more attractive for investors.

Back above $1.38 to the dollar, the euro has increased jeudi.Or increased 10.20 and $ 1,332.80 an ounce.

Bond price rose.Le note reference 10 years of the Treasury, which moves opposite its price, yield fell to 2.67% 2.72% late Wednesday.

? 2010 The Associated rights Press.Tous réservés.Ce hardware cannot be published, broadcast, rewritten or redistributed.


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