FX.co ★ The US stock market review

The US stock indices dropped on Tuesday on the back of deceiving profit reports for the 3rd quarter from DuPont and Coca-Cola. Meanwhile, more failure data on Housing Starts and Building Permits in the USA for September did a bad turn for Home Depot and other companies shares, connected with real estate market.

On Tuesday DJIA index according to the trades fell by 50,71 points or by 0,5% to 10041,48. Boeing shares showed the worst dynamics and dropped by 1,56 USD or by 2,9% to 51,89 USD after Morgan Stanley had increased the cable and satellite sectors rating from “Fabian” to “equal weight”.

Home Depot, DuPont and Coca-Cola shares also demonstrated a significant decline. Home Depot stocks fell by 66 cents or by 2,4% to 26,97 USD on the back of the US data on real estate market. DuPont shares decreased by 75 cents or by 2,2% to 33,87 USD. DuPont announced about more considerable lowering of the net sales by 18%, than it was expected earlier.

Coca-Cola stocks went down in value by 72 cents or by 1,3% to 54,07 USD when the Company had reported about the profit falldown by 4% in the 3rd quarter. Meanwhile, Caterpillar shares grew by 1,76 USD or by 3% to 59,61 after it became known that the profit performance for the 3rd quarter had considerably exceeded the forecasts. During the intra day trading session Caterpillar stocks hit a new 52-week high.

On Tuesday Apple stocks also grew to a new 52-week high when the Company announced about the profit markup by 47% in the 3rd quarter.

Nasdaq index according to the trades\' results lowered by 12,85 pips or by 0,59% to 2163,47, as S&P index dropped by 6,85 points or by 0,62% to 1091,06.

Best regards,

Analyst: Vladimir Donin.