U.S. stocks fell slightly on low volume on Monday,
retreating from recent highs of five years, investors awaiting the start of
what is likely the wrong season.
Analysts predict earnings decline of 2.4 per cent in the
previous quarter of the year, which would mean the first time in three years
and it is difficult to justify the maintenance of reserves near the last
vertex.
The season begins on Tuesday, reports on the results of the
aluminum Dow component Alcoa Inc. AA.N), which, as expected, after the decline
in profits compared to last year.
"We had a good race, and we are top of the range,"
said Scott Wren, senior equity strategist at Wells Fargo Advisors in St. Louis.
"There is very little chance of surprises in the results. See, comparing
children in general. "
Dow Jones Industrial Average. DJI fell 33.93 points, or 0.25
percent to 13,576.22. Standard & Poors 500. The SPX fell 6.02 points, or
0.41 percent, 1,454.91. Nasdaq. IXIC dropped 22.37 points, or 0.71 percent, to
3,113.82.
In the absence of data and corporate earnings on Monday,
trading should be light in respect of Columbus Day. On the U.S. bond market was
closed.
Strategists and investors say quotes for U.S. stocks mostly
out of sync with the revenue estimates.
Markets are also worried about the outlook for the global
economy after the World Bank cut its growth forecasts for Asia and the Pacific,
and warned slowdown in China may worsen and last longer than many analysts had
expected [ID: nL3E8L82LA]
The current crisis in Europe has contributed to the weakness
of China forecasts. Officials from the Eurozone met on Monday to start the
rescue funds in the region, and at a meeting of regional finance ministers,
said that Spain has no need of salvation, because that is taking steps to put
its finances in order
For investors, the long-term prospects for European debt
problems dragged the obstacles still to be overcome. "This thing has years
to play," Rehn said. "We are far from the end of this in any way,
shape or another."
When Alcoa reports, analysts expect breakeven quarter,
compared with a profit of 15 cents per share, a year earlier, according to
Thomson Reuters. A part of Alcoa rose 0.8 percent to $ 9.16.
Final warnings large multinational companies such as FedEx
Corp (FDX.N), Caterpillar Inc. (CAT.N) and Hewlett-Packard Co (HPQ.N), citing
weakness in Europe and China.
"Sure, there are a number of changes in the income
decline in general. Some predict that we can see the total collapse of income,
so there may be some defensive posture and profit," said Peter Jankovskis,
co-chief investment officer chief investment Oakbrook LLC in Lisle, Illinois,
said.
According to Thomson Reuters, Monday, 91 companies from the
Standard & Poors 500. INX negative outlook issued against 21 pronouncements
positive at a rate of 4.3, the lowest level since the third quarter of 2001.
Apple Inc. (AAPL.O) shares paid a $ 646.19 per cent and was
the biggest obstacle that the S & P 500 and the Nasdaq 100. NDX index after
China Labor Watch, the rights group said the Foxconn factory in China that
makes Apple's iPhone has been hampered by the strike. Foxconn, the Taiwanese
company has denied the information.
UnitedHealth Group (UNH.N) shares rose 0.7 percent to $
57.52 after the health insurer said it will buy a 90 percent Amil Participacoes
SA (AMIL3.SA) the largest company in Brazil health, about 4, 9 billion.
Chemical manufacturer TPC Group Inc. (TPCG.O) said it had
received an offer of Innospec Inc. (IOSP.O) to 721.3 million dollars, which
exceeds the offer made by private equity firms . PTC parts jumped 4.7 percent,
to $ 45.41, while Innospec paid 0.7 percent, to $ 33.69.
