Wall Street is nervous
The signs of an impending correction in the U.S. stock exchanges to take. One day before the publication of important figures of the quarter broad stock index fell 500 on Monday by cheap jordan 1 shoes 1.3 percent to 1819 points. That was the strongest return for two months. The Dow Jones Index fell by 1.1 percent to 16,258 points. For the default values barometer it was the toughest one day loss since September. The courses economically sensitive stocks such as the software manufacturer Microsoft, the sporting goods supplier Nike and entertainment company Walt Disney plummeted by more than 2 percent each. The fear index VIX, an important benchmark for the mood of investors, climbed on the month to the highest level in a month. Historical comparison, the index is still, however, at a low level. The Vix volatility index of the Chicago Board Options Exchange CBOE, tracks the prices of options contracts, with which investors can hedge against losses due to unexpected fluctuations in S 500. The growing nervousness seems to be a consequence of the significantly weaker-than-expected jobs data for December. Share prices had benefited from the last hope of a robust economic growth. The U.S. Labor Department reported on Friday but had for December only 74,000 jobs created outside agriculture. Economists had calculated an average of air jordan 6 retro for sale 197,000 new jobs. Some economists gave themselves whether the mishap but not surprised. We attribute this to the weather, said Vincent Reinhart, America chief economist at the investment bank Morgan Stanley, on the Monday before international journalists. In December it had been so cold not seen for four years, which affected the business in the construction industry and the leisure industry . Overall, the fourth quarter was very strong, concluded Reinhart. The number of new jobs created in November had been raised by 38,000 to 241,000 points. On Tuesday put JP Morgan Chase and Wells Fargo as first of a number of major banks its results for the last quarter before. Stock brokers seem to be prepared for nasty surprises. The KBW bank index industry barometer fell by 1.3 percent on Monday.
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