US stocks Flat as Melee Talks Greece’s Debt
Shares of United States hand over moderate gains on Monday (Tuesday am PM 24/1) ended the session with a flat, as investors focus on Greece to win the debt reduction from corporate bond holders.
Indexes Dow Jones Industrial Average down 11,66 points (0.09%) to close slightly lower in 12.708,82, an end to the rising streak for four sessions.
The Nasdaq composite index slumped 2.53 stock technology (0.09%) become points of 2,784 general agreement, while the broad-based index S & P 500 up thin 0,62 (0.05%) points to 1,014 Indonesian rupiah.
“Talks are continuing between the Government of Greece and the holders of bonds, the State does not make any progress, and the imposition of the embargo on Iran’s oil and other sanctions have been approved by the European Union,” said Paul Ausick of 24/7WallSt. com.
Financial stocks turned around after his strong varied. Bank of America is the strongest rise in stocks with a group of 30 Dow stocks, jumped 2.6 percent. But Citigroup rose thin only 0.7 percent and Goldman Sachs down 0.5 percent.
There is no major economic data releases on the calendar Monday and Tuesday. Federal Reserve opens two-day policy meeting on Tuesday, followed that night’s State of the Union speech to Congress, President Barack Obama, which is expected to focus on the economy.
A reshuffle in the ranks of the top Research in Motion, maker of the BlackBerry in Canada’s difficulty, left investors cold.
The Chairman of the joint Executive Mike Lazaridis, RIM and Jim Balsillie on Sunday announced their resignation after the company continues to lose market share by Apple and iPhone and handsets powered by Google’s Android software.
Operating Director Thorsten Heins was appointed President and CEO. RIM shares fell 8.5 percent in Nasdaq became 15,56 US dollars.
Stocks increased by 1.6 per cent to the Apache 98,38 dollars. Oil and natural gas company that says it will buy privately-held energy assets in Oklahoma and Texas in a cash and stock transaction worth 2,85 billion dollars with the Cordillera Energy Partners III.
CHIEF EXECUTIVE OFFICER g. Steven Farris said that given the weak price of natural gas, oil, gas boosters is not so.
Rival company Chesapeake Energy jumped 6.3 percent to 22, 28 US dollars after announcing it reduces the production of gas in the middle of bountiful supplies erode prices.
Bonds weakened on Monday. The yield on the 10-year Treasury rose to 2.03 per cent 2,07% of on Friday, while 30-year Treasury bond rose to 3 of 3.10 percent.
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Tags: Barack Obama, Chesapeake Energy, Dow Jones Industrial Average, Monday, Nasdaq, Nasdaq Composite, Research In Motion, United States
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