::Dow Jones weakened 0.02% Due to Pressure Technology Sector>>

Go Finance Report - Market shares of the United States (U.S.) thin weakened due to lack of technology and materials sectors. This is because the profits from this sector is not in accordance with that estimate.

But, the decline in this index is lighter than the previous day, when the market suffered the deepest decline in the previous two years.

Morgan Stanley posted stronger earnings than expected and helped to strengthen the banking sector. Shares of Morgan Stanley rose 4.6 percent to USD29.02.

But F5 Networks fell 21.4 percent to USD109, 15 and pull the Nasdaq lower after the market leader in network optimization weak second-quarter revenue estimate.

"The market seems faced with a pull pull a weakening technology sector and financial sector strengthening. This continues to happen throughout the trade," said managing director at Rosenblatt Securities, Joseph Beranti as quoted by Reuters, in New York.

"Actually a lot of news that will warm into the motor movement of the index. But the news from the tech sector will not be a market driver, because there is the financial sector to follow. And put a halt to the weakening that happens," he added.

Meanwhile, shares of Google Inc. rose 2.2 percent to USD640, 79 in net revenue after reporting better than expected for the fourth quarter. Number one search engine on the internet is among the most closely watched its share price movement. Moreover, there was news of its founder Larry Page will replace Eric Schmidt in April as executive director.

On the other hand, Freeport-McMoRan Copper & Gold Inc. lost 3.7 percent to USD110, 90 after the sale, the copper is projected to go down and costs will rise. Natural resources stocks also came under pressure after data showing strong growth in China has sparked fears the country might need to tighten credit to check inflation.

In trading on Thursday (01/20/2011) local time, the Dow Jones Industrial fell 2.49 points, or 0.02 percent, to 11822.80. Standard & Poor's index fell 1.66 points, or 0.13 percent, to 1280.26. And the Nasdaq Composite Index fell 21.07 points, or 0.77 percent to 2704.29. (GoFinance)