(menafn – ecpulse) (MENAFN - ecPulse)
This week with all its calmness seems to be gloomy as investors fear it is only the silence before the storm, where their caution raise Gold prices above 1400 for the first time in history.
The U.S recovery is fragile and investors suspect it might not last, in addition to the weak U.S fundamentals that might not be able to handle the additional 600 Billion in the Asset Purchasing Program, and on top of all that the resurface of Euro Zone fears triggered by Ireland's debt crisis.
UBS AG played around with stock prices today, it downgraded Dish Networks Corp to lead it to a more than two percent decline, while it recommended a short-term buy of Hewlett-Packard Co leading it to an incline exceeding one percent.
The Dow Jones Industrial Average index lost 38.94 points which represents 0.34% of its opening value to currently trade at 11405.11 points.
The index added and slashed points based on the performance of the upcoming stocks;
Stocks slashing the most points from the index were the IBM share as it declined 1.17 or 0.80% to cut 8.78 points from the index as it is currently traded at 145.75, then came the Boeing Co as it dropped 1.07 or 1.50% costing the index 7.87 points and currently traded at 70.20, finally the Travelers Cos Inc share declined 0.83 or 1.44% subtracting 6.28 points from the index and currently traded at 56.61.
On the contrary the stocks adding the most points to the index were Hewlett-Packard Co stock as it inclined 0.71 or 1.62% to add 5.37 points and currently traded at 44.43, then came Cisco Systems Inc share as it inclined 0.26 or 1.07% adding to the index 1.97 points and currently traded at 24.52, finally the 3M Co share inclined 0.17 or 0.20% providing the index with 1.29 points as it is currently traded at 86.51.
The Standard & Poor’s 500 Index shed 3.47 points which represents 0.28% of its opening value to currently trade at 1222.38 points.
The index added and slashed points based on the performance of the upcoming stocks;
Stocks slashing most points from the index shed were the Anadarko Petroleum Co stock as it declined 3.89 or 5.75% and currently traded at 63.72, then came the New York Times Co stock as it dropped 0.41 or 4.60% and currently traded at 8.51, finally the Harley Davison Inc stock declined 1.38 or 4.10% and currently traded at 32.25.
On the contrary the Stocks adding the most points to the index were the Coventry Healthcare Inc stock as it inclined 1.60 or 6.43% and currently traded at 26.47, then came the JDS Uniphase Corp share as it inclined 0.54 or 4.74% and currently traded at 11.94, finally the CONSOL Energy Inc stock inclined 1.54 or 3.92% as its currently traded at 40.84.
Data as of 12:58 EST
