Moscow. October 30. U.S. stock indexes on Thursday fell slightly after the day before Standard & Poor’s 500 peaked two months.
Investors evaluate corporate reporting, as well as the prospects of rising interest rates the Federal reserve system at the end of the current year, reported Bloomberg.
S&P 500 in October increased by 8.8%. This may become the most significant monthly growth rate over the last four years.
Negative impact on the market sentiment on Thursday was provided by statistics.
The U.S. economy grew by 1.5% in terms of annual rates, confirmed by preliminary data of the Ministry of trade of the country. Analysts surveyed by Bloomberg, forecasted a rise of 1.6%. In the second quarter of this year, U.S. GDP grew by 3.9%, the biggest rise since July-September 2014.
Five of the ten industry groups S&P 500 dropped at the end of trading, the largest decline made energy, financial and high-tech companies.
Stock quote Pfizer Inc. fell by 1.9%. Irish pharmaceutical company Allergan Plc has confirmed that it is in preliminary discussions with Pfizer regarding a possible merger.
Market value Goodyear Tire & Rubber Co. fell by 4.6% as revenue tire manufacturer in the third quarter was worse than market expectations.
Rate securities New York Community Bancorp fell 12%, the maximum daily decline in six years. One of the largest banking holdings in the USA has announced the acquisition of Astoria Financial Corp. in the framework of the transaction of $2 billion Price of shares of Astoria fell 7.7%.
At the same time, the capitalization of the tobacco producer Altria Group Inc. grew by 0.2% on positive earnings report.
On average, experts expect that the company profits from the calculation of the index Standard & Poor’s 500 over the past quarter decreased by 6.1%.
Among reporting companies, 76% of profits were better than forecasts, but revenue in 56% of cases was below expectations.
The Dow Jones Industrial Average on Thursday fell 23,72 points (0,13%) – to 17755,8 item.
Standard & Poor’s 500 by results of trades decreased by 0.94 points (0,04%), amounting to 2089,41 item.
The value of the Nasdaq Composite over the day decreased by 21,42 paragraph (0,42%) – to 5074,27 item.
The volume of transactions amounted to about 7 billion shares, which is 5% below the average daily figure for the last three months.