Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) closed lower due to the negative outlook from Kimberly-Clark in which rising commodity prices would seem to undermine the company revenue in the coming quarter.
Transactions that occur is also low. Where only approximately 5.4 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average of 7.74 billion shares.
Kimberly-Clark's shares down 2.7 percent to USD64, 24 due to increased raw material increased to more than double than the company expected.
The threat of higher commodity prices will remain in the spotlight of the week will be busy with quarterly earnings reports I. Where's the next big corporate names of the 180 companies whose shares are included in the S & P 500 will be released soon, including Procter & Gamble and Colgate-Palmolive.
"Weakening trend will be the next thing because the cost is higher," said managing director of ICAP Equity Ken Polcari, as quoted by Reuters, in New York.
Kimberly-Clark, maker of baby wipes and diapers once with the Huggies brand, is one of the most vulnerable to rising commodity costs for products containing oil-based materials and paper.
At the close of trading on Monday (04/25/2011) local time, the Dow Jones industrial fell 26.11 points, or 0.21 percent to 12479.88. The broader Standard & Poor's 500 index dropped 2.13 points, or 0.16 percent to 1335.25. But the Nasdaq Composite Index rose 5.72 points, or 0.20 percent, to 2825.88. (GoFinance)
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