FX.co ★ The US stock market review for 26/05/2010

The US deals closed with the stock indexes lowering after that by the end of the session the fears regarding the global economy increased neutralizing the shares upturn fixed earlier which was caused by the economic data of the USA.
Dow Jones Industrial Average fell by 69,30 or by 0,69% to 9974,45 points closing below 10000 for the first time since February 8. Nasdaq Composite decreased by 15,07points or by 0,68% to 2195,88 points. Standard & Poor's 500 lowered by the end of the session by 6,08 points or by 0,57% to 1067,95. Microsoft shares performed the worst falling by 1,06 dollars or by 4,% to 25,01 dollars. McDonald's share rates lost 1,83 dollars or by 2,7% to 66,01, and American Express shares dropped by 83 cents or by 2,1% to 38,17 dollars.
Walt Disney papers moved up by 75 cents or by 2,3% to 33,07 dollars. Against one of the company’s employee and her friend was brought an accusation of initial data sales attempt about Disney’s profit. Meantime, the accused persons are supposed to have shared the information about that Disney is running negotiations of selling ABC broadcast network. Disney shares rose amid the probability of such negotiations, however the company reported that talks about selling ABC are not true.
Microsoft shares leveled down by 2,7%, while Apple shares decreased just by 1,11 dollars or by 0,5% to 244,11 dollars. As a result, Apple exceeded Microsoft in the market capitalization. By the deals closing the market capitalization of Apple exceeded 222 bln.dollars, and Microsoft market capitalization moved below 220 bln.dollars. At this indicator Apple and Microsoft among the American companies overcomes only Exxon Mobil.
Orders data together with higher than forecasted figures on the primary housing market sales and revised global economy estimate of the Organization for Cooperation and Development contributed to the general uptrend on the stock markets at the session beginning.
However, by the end of the session the positions were lost as noticed by the traders it was caused by the remaining fears regarding the European economy weakness.

Performed by Vladimir Donin, Analytical expert
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