That stock News

NEW YORK – Vacillé Stock Friday after a report on economic growth have little to reassure investors about the health of the economy.

The Dow Jones industrial average fell to about 20 points in afternoon trade.

Gross domestic product, the extent of the nation's economy has increased to 2 annual percentage rate in the third quarter .c ' is consistent with the expectations of economists and only slightly better than the growth rate of 1.7% in the second quarter.

Signs of lean growth as investors grow a more conservative position in midterm elections next week and no are unclear of the size of the Federal Reserve economic stimulation measures should announce next week.

Normally this slow growth of GDP would have resulted more low stocks.But the signs of low economic growth further support planned stimulus plan the Fed.

"Because the GDP was so poor, we see the Fed pumping the brakes" on its plan, said Tony Zabiegala, a partner with strategic partners of wealth.

Pink stocks sharply during the first half of October as expectations that the Fed will begin to buy bonds from the Treasury Board to lower interest rates drive mounted.In turn, is supposed to stimulate spending and prêt.Ces days, however, the size of the bond purchase programme has been challenged, develop a market rally pending.

John Apruzzese, a portfolio and Evercore Wealth Management, partner Manager said reaction in anticipation of the program is typical of the market.

"This is a classic situation where all the movements of the market are carried out in anticipation," Apruzzese said.

The market may be stuck in an operating model that reserve US Federal finds its Wednesday meeting where it is expected to announce details on the program link buying.

One day before the Fed ends its meeting, lead voters to the polls for the mid-term elections.Traders have been betting that Republicans are at least take control of the House of representatives, which could slow Government action.

Analysts say the uncertainty on tax issues and fresh prospective health care and reform of the financial regulation bills were the main reasons employers have hesitated start hiring new workers.The results of the election should provide more clarity on these issues.

With so many uncertain people their jobs, they reduce their spending, which represents the largest piece of the pays.Tandis final GDP report showed an increase of expenditure, its many still below the levels exceeding consumer economy.

Pink Dow Jones index fell 19.19 or 0.2 percent, to 11,094.61 in afternoon trade.

Standard & Poor 500 index fell 1.99, or 0.2 percent, 1,181.79, while the Nasdaq composite index rose 2.38 or 0.1% of 2,509.75.

Bond prices rose slightly PIB.Le reference performance report after 10-year Treasury note fell to 2.62% of 2.66% late Thursday.

Another batch of new compensation came mixte.Microsoft Corp. has increased after reporting higher income end Thursday, while Merck & co. and Chevron Corp. have declined after décevants.Merck results was injured by disappointing revenue figures, while Chevron decreased earnings forecast after that the costs associated with foreign currency.

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

View the original article here