The first two weeks of 2016 for indexes of the USA became the worst in history


Moscow. January 18. The beginning of the year for the American stock market became the worst in history due to the ongoing fall in oil prices and concerns of investors about slowing economic growth in the U.S., according to MarketWatch.

Stock index Standard & Poor’s 500 for ten sessions 2016 fell 8%. Including the last five working days it lost 2.2% to close lower for the third consecutive week, and by Friday was at its lowest level since August 25 of last year, reported Bloomberg. The Nasdaq Composite was graduated from the day at its lowest level since October 2014.

Over the past week the Dow Jones Industrial Average lost more than 2%, the Nasdaq more than 3%.

On Friday shares fell all 30 companies included in the calculation of the Dow Jones. Also dropped all ten sectoral subscripts S&P 500.

Negative impact on the sentiment of traders had weak statistics.

Retail sales in the U.S. in December fell 0.1% compared with the previous month, according to data of the Ministry of trade of the country. The change coincided with the consensus forecast of analysts. By the end of 2015, the index increased by only 2.1% – the worst result since 2009, when the country was in recession.

The volume of industrial production in December decreased by 0.4%, according to the Federal reserve system. Experts on average had forecast a decrease by 0.2%. The rate of decline of industrial production in November was revised downwards to 0.9% from the previously announced 0.6 percent.

In addition, the index of manufacturing activity in new York Empire Manufacturing in January fell to minus 19.4 points compared to minus 6.2 points a month earlier. Analysts had forecast an increase to minus 4 points from the previously announced December level of minus 4.6 points.

Stock quote Walt Disney have declined by results of trades on 5.3 percent after Barclays analysts downgraded recommendations for them.

The price of securities of Citigroup fell 6.4%, despite good reporting. The Bank is among the top three in the U.S., increased its net profit in the fourth quarter, almost 10 times by reducing court costs and boost revenues. Adjusted earnings and revenue were higher than average market expectations.

The shares of Wells Fargo fell by 3.6%. The leader of the American mortgage market and the largest U.S. Bank by market capitalization reported net profit in October-December above expectations, but revenue fell short of the consensus forecast.

The market value of Goldman Sachs fell by 3.6%. The Bank entered into an agreement with U.S. authorities on the case of violations of the Bank in the sale of mortgage bonds in the run-up to the financial crisis of 2008, will pay a total of $5.1 billion

Securities course Intel fell by 9.1%, the biggest drop among companies in the Dow Jones. The world’s largest manufacturer of microprocessors in the fourth quarter reduced net profit by 1% and gave investors a disappointing forecast revenue for the current quarter.

Share prices of oil producers Chevron and Exxon Mobil lost respectively 2.1% and 2%.

Capitalization of Activision Blizzard has dropped 1.4%. French metaconglomerate Vivendi SA announced that it sold its remaining interest in American manufacturers of video games (5.7 per cent) for $1.1 billion.

The Dow Jones Industrial Average on Friday fell by 390,97 paragraph (2,39%) – 15988,08 item.

Standard & Poor’s 500 at the end of trading fell by 41,51 points (2,16%) and amounted to 1880,33 item.

The value of the Nasdaq Composite index fell for the day on 126,59 paragraph (2,74%) – to 4488,42 item.