Go Finance Reporting NEW YORK - The stock market is the United States (U.S.) appears to be moving flat due to his mixed-finance reports released by the issuers. After a positive financial reports flooded the market, now the financial statements of 3M and Johnson & Johnson observed negative.
Whereas approximately 70 percent of company profits which is a supporter of the S & P estimates so far have passed. But concerns about inflation seemed still to haunt and make steps that market participants hesitate to enter the market.
3M Co. Stock prices dropped two percent to USD88, 50 after the company estimated the increase in raw material costs will hit bottom line it generates.
"Today the market just a little tired and overbought," said the chief investment strategist at Robert W. Baird & Co. Bruce Bittles, as quoted by Reuters, in Nashville. "But sales have been effective, including today. Should the current sentiment pushed stock indices to move higher," he added.
At the close of trading on Tuesday (01/25/2011), Dow Jones Industrial fell 3.33 points, or 0.03 percent, to 11977.19. While the broader Standard & Poor's 500 index rose 0.34 points, or 0.03 percent, to 1,291.18. And the Nasdaq Composite Index rose 1.70 points, or 0.06 percent, to 2719.25. (GoFinance)
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