Wall Street without direction in the U.S. to digest the new data
The New York Stock Exchange Monday evolved without direction, digesting the publication of new statistics on manufacturing activity in the United States and numbers mixed in Europe and China: the Dow Jones yielded 0.03% and the Nasdaq was up 0.21 %.
Around 1430 GMT, the Dow Jones Industrial Average fell by 3.63 points to 13,208.41 points and the Nasdaq, dominated by technology, advanced 6.58 points to 3098.15 points.
The broader index S & P 500 took 0.21% (2.89 points) to 1,411.36 points.
Wall Street had ended Friday with no direction, however, ended the quarter on its largest gain in 14 years: the Dow Jones Industrial Average had 0.50% to 13,212.04 points while the Nasdaq, dominated by technology, had yielded 0 12% to 3091.57 points.
Down from the opening, the flagship index of Wall Street has moved closer to equilibrium after the release of statistics mixed in the U.S., is now in negative territory. After a strong first quarter for 2012, "investors are digesting a round of indicators of manufacturing activity in the world", noted the experts at Charles Schwab.
The manufacturing activity accelerated in the United States in March, according to the index of purchasing managers released Monday by the industry trade association ISM, which stood at 53.4%. But construction spending declined in the U.S. in February for the second consecutive month, reversing a positive trend for construction in late 2011, according to figures released Monday by the government. In China, the expansion of manufacturing activity continued in March for the fourth consecutive month, according to official figures released Sunday, but analysts point out that the world's second largest economy continues to slow.
"The numbers (...) official published by the Chinese authorities are better than other figures released by HSBC Private Bank", which calculates its own PMI for China, said Dick Green, the site financial analysis Briefing.com.
HSBC estimated in late March that manufacturing activity had contracted, falling to its lowest level in four months and confirming a slowdown in the second world economy. In contrast, activity in the manufacturing industry in the euro area has experienced a bout of weakness in March that did not spare Germany and France, according to data released Monday.
For the analyst to Briefing.com, the "wait-fashion market" at the beginning of the second quarter was also due to caution investors one week before the start of earnings season companies in the United States.
As for values, the American cosmetics Avon Products took 18.70% to 22.98 dollars. It is the subject of a takeover bid (OPA) from the perfumer Coty for about ten billion dollars and 23.25 dollars per share offer that was immediately rejected it, deeming it "poor".
Heavily penalized by the market following the announcement Friday revising downward its results for the fourth quarter and full year 2011 due to an accounting problem, the specialist website for bargains Groupon yielded 11, 86% to 16.20 dollars. The bank card Visa was up slightly from 0.83% to 118.98 dollars. It ended its relationship with Global Payments, a provider who admitted having suffered a computer intrusion.
The slight rebound in crude prices in New York during exchanges after their retreat last week allowed the world's largest oil, Exxon Mobil, to remain at 0.43% to 87.10 dollars. Rival Chevron took 0.88% to 108.15 dollars.
The leader of the alumium Alcoa clinching 1.45% to 10.16 dollars.
The action of RIM, the maker of Blackberry phones, yielded 0.96% to 14.49 dollars. She had taken off from 7.06% to 14.70 dollars on Friday, the day after the announcement of a change of management of the group including the departure of its co-founder.
The action of Apple ironed over $ 600 and gained 1.80% to 610.39 dollars.
The bond market was changing up. The yield on the 10-year Treasury shrank to 2.175% against 2.216% Friday night and one for 30 years at 3.307% against 3.345%.
The New York Stock Exchange Monday evolved without direction, digesting the publication of new statistics on manufacturing activity in the United States and numbers mixed in Europe and China: the Dow Jones yielded 0.03% and the Nasdaq was up 0.21 %.
Around 1430 GMT, the Dow Jones Industrial Average fell by 3.63 points to 13,208.41 points and the Nasdaq, dominated by technology, advanced 6.58 points to 3098.15 points.
The broader index S & P 500 took 0.21% (2.89 points) to 1,411.36 points.
Wall Street had ended Friday with no direction, however, ended the quarter on its largest gain in 14 years: the Dow Jones Industrial Average had 0.50% to 13,212.04 points while the Nasdaq, dominated by technology, had yielded 0 12% to 3091.57 points.
Down from the opening, the flagship index of Wall Street has moved closer to equilibrium after the release of statistics mixed in the U.S., is now in negative territory. After a strong first quarter for 2012, "investors are digesting a round of indicators of manufacturing activity in the world", noted the experts at Charles Schwab.
The manufacturing activity accelerated in the United States in March, according to the index of purchasing managers released Monday by the industry trade association ISM, which stood at 53.4%. But construction spending declined in the U.S. in February for the second consecutive month, reversing a positive trend for construction in late 2011, according to figures released Monday by the government. In China, the expansion of manufacturing activity continued in March for the fourth consecutive month, according to official figures released Sunday, but analysts point out that the world's second largest economy continues to slow.
"The numbers (...) official published by the Chinese authorities are better than other figures released by HSBC Private Bank", which calculates its own PMI for China, said Dick Green, the site financial analysis Briefing.com.
HSBC estimated in late March that manufacturing activity had contracted, falling to its lowest level in four months and confirming a slowdown in the second world economy. In contrast, activity in the manufacturing industry in the euro area has experienced a bout of weakness in March that did not spare Germany and France, according to data released Monday.
For the analyst to Briefing.com, the "wait-fashion market" at the beginning of the second quarter was also due to caution investors one week before the start of earnings season companies in the United States.
As for values, the American cosmetics Avon Products took 18.70% to 22.98 dollars. It is the subject of a takeover bid (OPA) from the perfumer Coty for about ten billion dollars and 23.25 dollars per share offer that was immediately rejected it, deeming it "poor".
Heavily penalized by the market following the announcement Friday revising downward its results for the fourth quarter and full year 2011 due to an accounting problem, the specialist website for bargains Groupon yielded 11, 86% to 16.20 dollars. The bank card Visa was up slightly from 0.83% to 118.98 dollars. It ended its relationship with Global Payments, a provider who admitted having suffered a computer intrusion.
The slight rebound in crude prices in New York during exchanges after their retreat last week allowed the world's largest oil, Exxon Mobil, to remain at 0.43% to 87.10 dollars. Rival Chevron took 0.88% to 108.15 dollars.
The leader of the alumium Alcoa clinching 1.45% to 10.16 dollars.
The action of RIM, the maker of Blackberry phones, yielded 0.96% to 14.49 dollars. She had taken off from 7.06% to 14.70 dollars on Friday, the day after the announcement of a change of management of the group including the departure of its co-founder.
The action of Apple ironed over $ 600 and gained 1.80% to 610.39 dollars.
The bond market was changing up. The yield on the 10-year Treasury shrank to 2.175% against 2.216% Friday night and one for 30 years at 3.307% against 3.345%.