Financial News

US markets fall after morning rally

27/01/2012

Stocks dipped in New York today

Stocks on the US market fell in trading today (January 27th), as equities slipped following an initial boost in trading prices.

At the close of trading, the Dow Jones Index had dipped 0.18 per cent while the S&P fell 5.8 per cent and the Nasdaq dropped 0.46 per cent.

The markets had initially opened to high trading prices, as economic data helped boost optimism with positive factory order gains and strong earnings from US manufacturers.

3M stocks rose 1.3 per cent after the firm produced positive fourth-quarter profits while heavy equipment giant Caterpillar rose 2.1 per cent on the Dow after similarly impressive results.

However, the mid-morning release of home sales figures pushed the market down, as the government reported a drop in sales for December.

The figures saw the US endure its worst year for home sales since 1963, providing a further drag on the economy.

See the full range of spread betting and CFD trading markets at City IndexADNFCR-2139-ID-801276503-ADNFCR

From time to time, City Index Limited’s (“we”, “our”) website may contain links to other sites and/or resources provided by third parties.  These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content.  Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell.  You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure.  No representation or warranty is made, express or implied, that the materials on our website are complete or accurate.  We are not under any obligation to update any such material.

As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website and any such liability is hereby expressly disclaimed.