dowjones index
new york (dow jones) - US-shares fell on Tuesday to get a sell-off that had the major indices to trade at or near four-year lows as investors offered only a tepid cheer for last step of the federal reserve to ease frozen credit markets. in the run of the opening bell, the Fed announced it is unsecured money market instruments in which to seek a market which is practically down in recent weeks will start buying again. . "Is not today's announcement a complete surprise, and it was speculated to open in the financial markets on Monday, which means that the announcement will effect not likely means that great," said Tony Crescenzi, chief bond market strategist at Miller Tabak u0026 co . the Fed step initially propelled the dow jones industrial average back above the 10,000 level on Monday violated the first time since October 2004, but the blue-chip index was recently time off 118.04 points to 9,837.46. "We have to keep in back of the head, that we collected about 400 points yesterday from the deep, and we have a" sell-on-any news mentality. "Help this particular news in the short term from the Fed ... to yesterday's bottom to keep it in position"UGG Classic Cardy Boots said peter bookvar, equity strategist? tabak.and miller at "how aggressive you're going to be ahead of the reporting season "Asks bookvar. "We annoy Sun stressed that people have to jump fear, in no matter what." Bookvar believesUGG Knightsbridge Boots , that the motion by the Fed and other central banks to give the stock market a decent bounce up to the end of the year because of the market, the Fed's actions, the beyond reasonable doubt of the advantage. as he put it, "it is raining money for the next few months will be." bookvar but says he is a long-term bear for what he reasons the obvious: "The systemic financial collapse risk is almost overbuy ugg cheap , but phase two of the relaxation is a nasty economic and earnings growth recession. "Financials falterof the dow 30 components, 19 posted losses, with the biggest laggard dow proves the bank of america corp, down 16.8% on the message a 68% profit fall, cut its dividend, saying it is up to to 10 billion dollars in common stock american express co. front man of the win dow, the stock gaining 2.7%. the s u0026 p 500 lost 13.87 points to 1,043.02 stand, and the nasdaq composite fell 30.35 points, to 1.832UGG Bailey Button Boots .61. financial and cyclical consumer goods sector shares led losses among u0026 s p-10 industry groups, while the healthcare sector only win early afternoon proved trade.among shares the financial sector to weigh most heavily on the s p u0026, general growth properties inc 48%. the chicago-based owner of 200 shopping malls nationwide on Monday suspended its common stock dividend and announced the departure of its chief financial officer.also weight. u0026 on the s p, apartment investment and management co fell 18.5%. The company, based in denver is one of the nation's largest owners of condominiums, and recently said it expects a $ 3 million to $ 6 million hit in the third quarter due to the hurricane damage to the properties.citi investment research on Tuesday said It has reduced its annual target for sending the broad s u0026 p 500 index, with vocation to the impact of the "viral spread" of credit problems.citi strategists now expect the index of s u0026 p 500 to 1UGG Coquette Casual .200 reach of the year, compared with their previous expectations for the broad index to reach 1475. volume at the new york stock exchange nearing 607 million, with two shares on the decline for each share on the rise. on the nasdaq, 481,000,000 shares hands and decliners surpassed advanced four exchanged Bank to 3.central Movesa surprisingly large interest rate reduction of Australia on Tuesday rekindled hopes for coordinated actions of central banks other than sydney. The Federal Reserve announced a fresh dollar-auction with foreign colleagues, but no interest reduction. . The Bank of England is expected to cut interest rates on Thursday, while the prices keep bank of japan oted to have trichet hold.both federal reserve chairman ben bernanke and the european central bank president jean-claude scheduled to speak, and the Fed is on release the minutes from the last interest-rate setting meeting. oil futures added $ 1.44 to $ 89.25 per barrel, and gold futures rose $ 12.3 $ 878.5 per ounce . after the end, alcoa inc upbeat earnings season with analysts increasingly nervous about the report of the aluminum giant hand in the midst of falling metal prices and the global financial crisis.overseas action, Australian shares rebounded to end higher with the work helping other shares in Asia. . European shares were increased by a strong volkswagen the shares and the Fed lifted the efforts to help the financial markets. . us and global shares slumped on Monday, with the dow below the mark of 10,000 for the first time since 26 october 2004th The emerging markets were particularly struck with Russian shares lead the sell-off. . after a fall as much as 800 points during the session - the largest intraday point decline in the index history - the dow industrials ended off 369 points.by kate gibson marketwatch related Topics Articles:
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