The US stock markets decreased ion Monday and the financial sector came as a leader of falling after that one of the Spanish banks went under the Central bank control raising the fears regarding the Eurozone financial system.
Meanwhile the investors were still worried by possible consequences of the US regulating system reform in the USA.
Dow Jones Industrial Average fell by 126,82 points or by 1,24% to 10066,57 points. As a result of this downtrend, the Friday growth was neutralized, while the index ticked up by 125,38 points. Nasdaq Composite dropped by 15,49 points or by 0,69% to 2213,55 points. Standard & Poor's 500 moved down by 14,04 points or by 1,29% to 1073,65 points.
Bank of America shares lowered by 59 cents or by 3,7% to 15,40 dollars, J.P. Morgan shares ticked down by 1,43 dollars or by 3,6% to 38,62 dollars, American Express shares – by 78 cents or by 2% to 39,04 dollars.
Home Depot papers spiked up 20 cents or by 0,6% to 33,22 dollars. This growth was prompted by the data testifying about more significant than expected, sales upturn on the secondary housing market of the USA in April. A background for this falling were the Bank of England actions which was saved by CajaSur bank. News about that increased the fears regarding that sovereign debt problems will probably distribute further. Moreover, the investors are more and more concerned with what will be the final bill variant of the financial system reform in the USA. Last week the bill was passed by the Senate and now it must be approved in the House of Representatives.
Although, the stock indices closed the session with a significant lowering the trading was abrupt during the whole day and the dynamics was varying from a slight growth to lowering while the investors were trying to determine if the observed correction must mean the possibility for purchases or reason to worry.