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NEW YORK. Wall Street opened cluck, after home prices in the United States (U.S.) falls. Market sentiment was increasinglyweakened by the German Chancellor a statement opposing the final drafting of the EU summit.
The broader Standard & Poor's 500 slipped 0.68% to a level of1245.65. Meanwhile, the Dow Jones Industrial Average waseroded 0.44% to 11860.90 position, and the Nasdaq Composite Index fell 0.71% to 2680.25.
Weak U.S. housing market indicators weighed on sentiment in the stock market. S & P / Case-Shiller is the reference property prices in 20 U.S. cities, down 3.8% in August this year,compared to August 2010. This decline exceeded economists' forecasts that predict only down 3.5%. This condition is in the spotlight for the U.S. economic recovery.
Meanwhile, investors are awaiting the results of the meetingbeing the European Union. Tomorrow, German ChancellorAngela Merkel and other European leaders are scheduled to continue discussions about increasing European bailout fund.
Solaris Group LLC chief investment officer Timothy Ghriskeyrate, it is difficult to get a positive catalyst in a situation like this."The growth is very weak, while there are major questions related to the debt situation in Europe," he said, in New York.
On the other hand, some 43 companies in the S & P 500earnings reports scheduled for release today. About three-quarters of issuers in the S & P 500 have reported their performance since October, and profits 11 companies managed to surpass analyst projections.
The broader Standard & Poor's 500 slipped 0.68% to a level of1245.65. Meanwhile, the Dow Jones Industrial Average waseroded 0.44% to 11860.90 position, and the Nasdaq Composite Index fell 0.71% to 2680.25.
Weak U.S. housing market indicators weighed on sentiment in the stock market. S & P / Case-Shiller is the reference property prices in 20 U.S. cities, down 3.8% in August this year,compared to August 2010. This decline exceeded economists' forecasts that predict only down 3.5%. This condition is in the spotlight for the U.S. economic recovery.
Meanwhile, investors are awaiting the results of the meetingbeing the European Union. Tomorrow, German ChancellorAngela Merkel and other European leaders are scheduled to continue discussions about increasing European bailout fund.
Solaris Group LLC chief investment officer Timothy Ghriskeyrate, it is difficult to get a positive catalyst in a situation like this."The growth is very weak, while there are major questions related to the debt situation in Europe," he said, in New York.
On the other hand, some 43 companies in the S & P 500earnings reports scheduled for release today. About three-quarters of issuers in the S & P 500 have reported their performance since October, and profits 11 companies managed to surpass analyst projections.
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