US bourses ended slightly down on Thursday.
The Dow Jones fell 0.23 percent to 17,678.23, the Nasdaq 0.27 percent to 4,863.36, while the broader S & amp; P 500 Index went back 0.24 percent to 2056.15.
Wall Street so thus red for the fourth day in a row.
“Fear Index” VIX (CBOE) rose to nearly 19.
The losers were slightly more than the winners on the NYSE, where 828 million shares were traded for $ 3.5 billion.
The dollar has strengthened slightly against the world’s largest currencies and EURUSD fell below 1.09 .
The yield on US 10-year-olds rose to 2.0 percent.
The gold price rose $ 7.80 to $ 1,204.80 per ounce.
– Perfect excuse to sell
Otherwise the commodity exchange in New York rose WTI oil sharply after Saudi Arabia, along with a coalition of 10 Gulf States, initiated a military operation in Yemen.
Front contract rose to $ 51.43 a barrel, its highest level since March 4.
– I think this is the perfect excuse that this decline will continue. We clearly see that fear is the factor that drives investors to secure gains before earnings season, says chief economist Peter Cardillo at Rockwell Global Capital CNBC.
The strong dollar and the weak global economy put pressure on earnings last season and analysts expecting even stronger pressures in the next quarter.
– The pace of dollarstyrkelsen and fall of oil prices is a lot to digest at one time. I think we will see some effects in Q1, says CIO Jim Dunigan in PNC Asset Management to the channel.
Merry macro
The number of first time applicants for unemployment insurance (jobless claims) fell 9,000 to seasonally adjusted 282,000 last week, the lowest level since mid-February.
– The conclusion is quite clear that growth is weaker, but the labor market has been very stable – as it should, since we probably get blowback in Q2.
– The rate of dismissals is increasingly modest and job statistics is nevertheless an indicator that is in arrears, writes chief analyst Peter Boockvar The Lindsey Group according CNBC in a note.
It also showed preliminary figures that expectation index for purchasing managers (PMI) in the service sector in March rose to its highest level since September.
Heavy transport
IBM today’s strongest Dow component, with 0.9 per cent increase to $ 160.59. American Express weighed the most, with a fall of 2.0 percent to $ 78.48.
Transportation Stocks continued to weigh, and director Marc Chaikin in Chaikin Analytics informs the channel that the sector is the biggest driver for the stock market decline last few days.
Especially Union Pacific has shown a downward curve and the stock fell 2.4 percent to new $ 108.17 on Thursday.
Among the 10 main S & amp; P 500 sectors showed telecom way, while income-dependent consumption pulled down the most.
Leisure Wear manufacturer Lululemon delivered better than expected earnings in the previous quarter, while guiding was disappointing. The stock still rose 4.9 percent to $ 63.96.
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