FX.co ★ The US stock market review for 21/09/2010

Dow Jones Industrial Average increased by 7.41 points or by 0.07% to 10761.00 points, having closed at the highest level since May 2010. Nasdaq Composite went down by 6.48 points or by 0.3% to 2349.35 points. Standard & Poor’s 500 index declined by 2.93 points to 1139.78 points. This is the first falling of the index for three days and strongest drop in two weeks. However, compared to the beginning of September the index still shows the growth by 8.6%.
Caterpillar shares that rose in price by $1.64 or by 2.2% to $76.39 supported the growth. Hewlett-Packard papers advanced by 53 cents or by 1.4% to $39.92, and Intel stocks went up by 21 cents or by 1.1% to $19.14. The quotations of Legg Mason fell by 90 cents to $29.98, and Morgan Stanley securities dropped by 78 cents or by 2.9% to $26.06.
Following the results of one-day meeting the FRS did not announce the additional measures aimed to support the recovery. However, some representatives of the Central bank are worried by the low inflationary levels, observed recently, and announce they are ready to take the extra measures to stimulate the economic revival.