The US stock market review

On Tuesday, the US stock indices showed a mixed ending. Dow Jones Industrial Average was down by 3,56 points or by 0,03% to 10969,99 points, having demonstrated only the 6th falling out of the last 27 sessions.  Nasdaq Composite grew by 7,28 points or by 0,30% to 2436,81, the maximum from August 15, 2008. S&P 500 added 2 points or 0,17% to 1189,44 points having reached the highest close level since September 26, 2008.

Travelers stocks decreased by $0.74 or by 1,4% to $52,59 after the experts from Sandler O’Neill had lowered the recommendation for the company’s stocks to “hold” and “buy”. Verizon Communications dropped by $0.26 or by 0,8 % to $31,20 after the CEO of the company Ivan Seidenberg expressed worries that the National Broadband Plan can appear to be over-regulating. Bank of America stocks escalated by $0.36 or by 2% to $18,49, whereas J.P. Morgan Chase climbed by $0.50 or by 1,1% to $45,84. Regions Financials were among the best in the sector, having improved by $0.36 or by 4,4% to $8,55. On Tuesday, the minutes of the session devoted to the US monetary policy were released by the US FRS dated March 16, which showed that almost all members of the Board voted for holding the interest rate around Nil for a long term. Which as a rule, denotes at least for a few months.

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