Go Finance Reporting in NEW YORK - U.S. stock index (U.S.) weakened due to the occurrence of aftershocks in Japan are re-raised concerns about the nuclear crisis. However, the stability of the U.S. economy prevented Wall Street indexes fell more severe.
Retail sector moving better than expected in March is an additional evidence of economic recovery continues. Investors also take action by moving into assets that did not materialize because it is more secure because of these aftershocks.
The CBOE Volatility Index VIX rose 1.2 percent at 17.11 after rising more than two percent in the previous session.
"VIX is very reactive to the news of the earthquake. In addition, there is no positive sentiment that existed," said stock analyst Chris McKhann, as quoted by Reuters in Chicago.
In early trading, the S & P 500 experienced a large wedge of decline in the unemployment rate in the U.S. and retail sales rose in March. In the retail sector, the performance of Costco Wholesale Corp. beat expectations to make its shares gained 3.8 percent to $ 77, 82. Macy's Inc rose 0.8 percent traffic system is USD 25.40 while Target Corp. fell 2.6 percent in the position of USD 49.62.
At the close of trading on Thursday (04/07/2011) local time, the Dow Jones industrial fell 17.26 points, or 0.14 percent, to 12409.49. The broader Standard & Poor's 500 index dropped 2.03 points, or 0.15 percent, to 1333.51. And the Nasdaq Composite Index fell 3.68 points, or 0.13 percent, to 2796.14.
Trading volume showed the 7.06 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, while an estimated daily average of 8.47 billion last year. (GoFinance)
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