Go Finance report - The stock market is the United States (U.S.) back under selling pressure. Market participants now seem to accumulate profits next year because of pessimistic market conditions would not be optimistic at this time.
After scoring record highs in two years this week, the index ultimately increase the yield stress of debt because of interest in these instruments increased considerably. As a result, shares of the banking sector that relies heavily on loan demand, weakening for three consecutive days.
Investors appeared to assess the market value of which rose almost 11 percent so far in 2010 is the culmination of optimism. And then tingal berinsut weakened.
"There are signs that the market in top positions at this level, and people start taking advantage. Due to low trading volume, I thought it was just temporary, the index is still likely to have a rally," said chief investment Baker Avenue Asset Management in San King Lip Francisco was quoted as saying by Reuters.
A number of stocks that led the rally that has shown a pattern weakened in recent days. Apple Inc. ended at USD320, 36, rose only 0.02 percent after rising as high as USD323 in early trading. Netflix Inc. closed almost flat, rising just 0.03 percent at USD178, 50, whereas the highest position in the USD181, 42.
At the close of trading on Wednesday (15/12/2010), the Dow Jones industrial fell 19.07 points, or 0.17 percent, to 11457.47. The broader Standard & Poor's 500 index dropped 6.36 points, or 0.51 percent to 1235.23. While the Nasdaq Composite Index fell 10.50 points, or 0.40 percent to close at 2617.22. (GoFinance)
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