U.S. stock market fell for the previous week
In the analytical department of the company TeleTrade note that the previous week for the U.S. stock market was quite tense. In this case the focus was on geopolitical conflict situation in Crimea.
Thus, in the first trading session of the week, major U.S. stock indexes recorded a negative trend , but were able to pull back from the lows . It affected newsflow regarding Japan’s GDP . So , on an annualized basis , GDP grew by 0.7 % , missing forecasts of 0.9 % and was less than the increase of 1.0 % in the preliminary report . In addition, the course of trade also influenced words the Federal Reserve Bank of Philadelphia Charles Plosser , who said he expects unemployment rate to fall to 6.2 % by the end of this year.
Fed’s suggested : the last three NFP report were weak due to ” abnormally adverse weather conditions in the U.S. ” , but according to his expectations, now the U.S. labor market should begin to grow actively . On Tuesday, the U.S. stock market again recorded the fall of background data on wholesale inventories in the U.S. for January, which rose more than expected .
It is also worth noting that investors remain calm , taking a wait , despite lingering geopolitical crisis in Ukraine. On Wednesday, U.S. indices closed mixed . The catalyst was that investors weighed prospects for global economic growth on the basis of observation of developments in Ukraine. Thursday afternoon was unsuccessful for the U.S. stock market – indexes declined. While the S & P 500 was very close to historic highs update , but published before the opening of the market data showed an increase in retail sales and falling unemployment .
In addition, statements were also important ECB head Draghi noted that the ECB is preparing additional measures to the case in the eurozone will deflation . He determined that the central bank is concerned that the reserved price pressure could undermine the fragile economic recovery of the currency bloc . Draghi also shared the concerns of other leaders about the negative impact of inflation on the strength of the euro . On Friday, U.S. stock indexes finished trading lower . Trade accompanied average volatility. Investors were cautious due to uncertainty in Ukraine, especially in the run-up to the referendum in the Crimea. After the opening of the regular session was published consumer sentiment index , which unexpectedly fell in March.
As for the components of the index DOW, then decline over the past week showed 24 of the 30 stocks that make up the index. The largest drop recorded shares Boeing Co, lost -5.41 %. Leader were shares of McDonald’s Corp, which added 1.87 % in price.