Wall Street stocks weakened in extra thin

Photo :Reuters

Stocks on Wall Street closed lower as the thin waning optimism the financial report and also uncertain global situation. The trading volume was again recorded the lowest so far this year.

A warning from the operator had pressed hotal Marriot hotel sector stocks and other consumer. Shares of Marriott International declined to 6.3%. Meanwhile, Halliburton shares fell after the closing bell, after announcing first quarter earnings are likely to cut.

"A good quarter is underway now, but I think it will be many surprises, most recently from Halliburton," said Joe Saluzzi, co-manager of Themis Trading as quoted by Reuters on Tuesday (29/03/2011).

In trading Monday (3/28/2011), the Dow Jones industrial average closed down 22.71 points, thin (0.19%) to the level 12197.88. The broader Standard & Poor's 500 index also fell 3.61 points (0.27%) to a level of 1310.19 and the Nasdaq fell 12.38 points (0.45%) to a level of 2730.68.

Saluzzi said the main issue facing the season of this report is a geopolitical issue of North Africa and the Middle East, as well as disasters in Japan and rising costs.



"If companies can not pass through price increases, we will see some of the problems and that is where the financial statements will begin to have issues. Unless they can pass through and then we have inflation. So get rid of poison," he added.
Trading took place quiet with the volume of transactions on the New York Stock Exchange amounted to only 5.9 billion shares, well below the daily average reached 8.5 billion shares. This figure is also lower than the smallest of transactions by 6.54 billion were printed last Tuesday.
Source : detik