If the opening bell, the Dow Jones was awarded 0.2%, the Nasdaq, 0.46% and the S & P 500, 0.37% to 1076 points, the mood quickly faded on U.S. markets . After two hours of trading, the indexes have touched the red and began their hesitation waltz. After trying to hang the green, the Dow Jones closing finally fall from 0.39% to 10,174 points, the Nasdaq, 0.92% to 2160 points and the S & P 500 by 0.4% to 1067 points.
Macroeconomics in the crosshairs this week
Now that the quarterly earnings season is almost over, Wall Street will likely focus even more on the macroeconomic news.
A series of regional business surveys should indeed come to confirm, over the days, "the slowdown in manufacturing activity in the United States, analysts said Aurel BGC.But this diagnosis will be diminished by the rebound in durable goods orders. "
The statistics of home sales should, in turn further move downward in the old, "but a rebound is possible in the new," says one still at Aurel BGC.
This will be known Tuesday that sales of existing homes, while the agenda will grow on Wednesday with durable goods orders for July, sales of new homes and the FHA index of housing prices.Thursday will be unveiled new listings weekly unemployment.
Friday will be finally placed under the sign of growth, with the second estimate of GDP for the second quarter of 2010, but also of consumption, with the index of consumer confidence from the University of Michigan for the month of August.
Friday, Wall Street had limited its losses, but the Dow still had yielded 0.9% on the week and the Nasdaq, nearly 0.3%.
Mergers and acquisitions in reinforcement
On Monday quiet on the economic front, Wall Street gets a rebound, reinvigorated by a current density and twists on the side of mergers and acquisitions.After Intel (-1.11% to 18.70 dollars), which has just bought McAfee (+0.06% to 47.06 dollars), other operations are in sight.
Hewlett-Packard (-2.03% to 39.04 dollars) on Monday launched an offer of 1.6 billion dollars (1.2 billion euros) to acquire the data storage company 3PAR (44.46 % to 26.06 euros), competing with the offer of its rival Dell (-1.08% to 11.94 dollars) issued last week.HP offers a 24 dollars per share, an amount 33% higher than that proposed by Dell at $ 18 per share in cash, or $ 1.15 billion in the proposed transaction total.La Dell was at the time of its announcement a premium of 87% over the closing price of 3PAR.
The world fertilizer, Canada's Potash Corp. (0.41% to 150.29 U.S. dollars) on Monday formally rejected a hostile takeover of mining giant Anglo-Australian BHP Billiton (-0.5% at 67 $ 10), which opened Friday and announced it was investigating "alternative transaction" with other potential buyers.According to Bloomberg, Potash has been contacted by the Chinese Sinochem and the Brazilian Vale.
The absence for several days, any new information on the alleged interest of the U.S. Sanofi Genzyme (1.29% to 67.75 dollars) could mean that both sides have begun discussions, said Geoffrey Porges analyst at Sanford Bernstein.
Barnes & Noble will publish Tuesday. Tiffany will release its second quarter results Friday.
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