Go Finance Reporting - Shares of commodity trading in stocks listed flushed on Wall Street, thus making the Dow Jones only increased slightly while others eroded though not deep.
Investors also have to swallow the disappointment of knowing this. In addition to the fears of small profits from retail companies or owners of the supermarket, so hit the food retailers and make the S & P and Nasdaq lower.
Reported by Reuters on Wednesday (05/01/2011), the average Dow Jones Industrial (DJI) edged up 20.43 points, or 0.18 percent to 11691.18. The broader Standard & Poor's 500 (SPX.) slid 1.67 points, or 0.13 percent, to 1270.20. And the Nasdaq Composite Index (IXIC) fell 10.27 points, or 0.38 percent to 2681.25.
The existence of strong volume on the second day of stock trading at the beginning of this year as investors to reshuffle their portfolio and equity analysts say the attraction is still in demand. Commodity stocks that fell was recorded as such as copper, oil and other commodities.
S & P index material (GSPM) even noted down 0.5 percent and the energy index (GSPE) eroded 0.6 percent. Materials and energy into the sector shares with the best performance in 2010.
"The movement of the S & P quite mild because the facts say there is little new interest in the market," said a senior equity index analyst at MF Global in Chicago, Nick Kalivas.
Known, the shares of the grocer Supervalu Inc. (SVU.N) dropped more than six percent and is the deepest in the S & P 500 index after Morgan Stanley told investors to reduce their shareholding. Meanwhile, shares of Safeway Inc. (SWY.N) and Whole Foods Market (WFMI.O) also observed slopes. (GoFinance)
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