Go Finance Report - Stock markets in the United States (U.S.) again weakened by the negative retail sales data and the increase in the dollar.
Meanwhile, the S & P 500 appears to have increased by eight percent since early December. Investors appeared to find a reason to sell its shares through economic data, namely if the unemployment data is negative. Where previously the private sector payroll data has increased.
"If the number of payroll tomorrow does not meet expectations, it will re-occur," said vice president at Minneapolis-KdV Wealth Management Paul Radeke, as quoted by Reuters.
Investors are expecting a gain of 175,000 in the non-farm payroll report in December and the unemployment rate fell to 9.7 percent from 9.8 percent previously.
But, in fact, several large retail sales are not as targeted. As a result, shares of Target Corp. fell 6.8 percent to USD54, 91 and Gap Inc. fell 6.9 percent to $ 20, 70. S & P retail index fell 1.6 percent while the S & P consumer directionary sector fell 0.7 percent.
U.S. dollar rose 0.7 percent, and pulled oil prices to fall 2.2 percent. Halliburton Co. shares fell three percent to $ 38, 22 while U.S. Steel Corp. fell 2.5 percent to USD59, 06.
At the close of trading on Thursday (01/06/2011), the Dow Jones industrial fell 25.65 points, or 0.22 percent, to 11697.24. Standard & Poor's index fell 2.71 points, or 0.21 percent to 1273.85. While the Nasdaq Composite Index rose 7.69 points, or 0.28 percent to 2709.89. (GoFinance)
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