Wall Street struggles in the middle of the positive earnings

NEW YORK--Shares fluctuated in a range of tight Friday as a rally recently built on strong earnings reports ran out of steam.

Moves Friday appears also to be held in check as investors turn some of their attention to a meeting of Finance Ministers and central bankers group 20.Le Group meets tensions have to battle currency brewery can have an impact on world trade growth.

Directed by Dow Jones Verizon Communications Inc. and American Express Co.Mais components results were not enough to drive significantly higher stock traders received a batch of earnings that beat analysts estimates. Dow Jones index fell to about 22 points in early trading afternoon but more broad index increased slightly and advance stock exceeded those who have fallen on the New York Stock Exchange.

Small movements Friday could simply be that investors are "a little tired," said Paul Zemsky, head of asset allocation at ING Investment Management. " The basic principles which would indicate that we should be higher.?

Stocks have been a regular rise for almost two months. A pause, especially from the solid gains in recent days, "is absolutely natural and perhaps even expected," said Zemsky.

Shares of Verizon tempered after she added the minimum number of global customers in a decade and profits fell.Bank regional KeyCorp could not grab morning gains after it reported earnings growth as less missed customers on loans.

Manufacturer Honeywell International Inc. reported a profit that beat estimates, but it raised its Outlook for earnings to a level still fell short of expectations.Shares wavered in the day.

Amazon.com Inc. and oil Schlumberger Ltd. company were among the better performers to earnings reports.Online retailer Amazon has shaken off the coast of concerns early in the morning on narrowing margins over Mount haut.Schlumberger has been a great elevator by increasing land-based drilling activities the United States and the Canada.

Dow Jones index fell 22.63 or 0.2%, 11,123.94 in afternoon trade at the beginning.

A loss would bring a winning band of two days for the Dow Jones index builds on earnings prospects and optimistic corporatifs.Il ends Thursday at its highest level since May 3 closing and was on the verge of closing at its highest level for more than two years before reduced shares their gains in afternoon trade.

Index of standard & Poor 500 has increased 0.78, or 0.1% of 1,181.04, while the Nasdaq composite index rose by 14.13, or 0.6%, 2,473.80.

The G-20 meeting adds a cautionary note on the market, which has been volatile for the week.Shares fell at the beginning of the week due to global economic concerns to retrieve these days that follow the chain of earnings reports.

Finance Ministers and Central Bank Governors meet to discuss a growing trend in the country tries to devalue their currency to gain an advantage in the international market.

"Everyone tries to get out of the economic doldrums by exporting," said Bruce McCain Chief Strategist to Key Private Bank investment."And everyone is looking to do at any given time.

There is concern that countries like China, hold their currency artificially low niveaux.Qui gives them an advantage in the export of goods that the world economy recovers slowly from a deep recession.

The dollar has risen slightly against the other currencies, but still remains close to a minimum of 15 years against the yen japonais.Il is also near to its lowest level of the year against the euro.

Since the end of the month of August, the future AIC U.S. dollar index, which measures the dollar against six other currencies fell by 7%.

Verizon shares fell 63 cents to $31.89, while American Express dropped 76 cents to $39.51.Honeywell increased 11 cents to $46.78.Amazon increased 2.91 $ $167.88.

Schlumberger jumped $3.13, or 4.9%, $67.44 .KeyCorp fell by 9 cents to 8,25 $.

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


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