Posts Tagged ‘canadian proxy’

Major US Stocks Drop Across the Board

Friday, January 30th, 2015

Technology shares in the Standard & Poor’s 500 index dropped 3.3 percent for the largest fall since November 2011. Microsoft lost 9.3 percent, the most in 18 months, as software- permit sales to companies were below predictions. Caterpillar dropped 7.2 percent after predicting 2015 results that trailed approximations as dropping oil prices indicate lower demand from energy firms. Procter & Gamble fell 3.5 percent as a soaring U.S. dollar cut into its gains.

More than 6 percent soared in after market trading after reporting revenue that topped estimates. Yahoo! soared 6 percent after declaring a tax- free spinoff of its own position in Alibaba and the Uk media company ITV.

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“Money headwinds, along with signs of a constant deceleration of world-wide increase, is having a significant impacts on quarterly results,” Chad Morganlander, a cash manager at St. Louis-based Stifel, Nicolaus & Co., which manages about $160 billion, said in a phone interview. “Coupled with that, durable goods orders were somewhat unsatisfactory, which scotches any confidence for today’s trading session.”

All amounts down

The Standard & Poor’s 500 index fell 1.3 percent to 2,029.55, below its typical cost for the previous 50 days. The Nasdaq 100 Index tumbled 2.6 percent for the largest fall since April.

A travel prohibition came to a conclusion on Tuesday following the thunderstorm brought snow than had been forecast. The National Weather Service downgraded its evaluation from a blizzard into a winter storm. The most recent time snow was in 1996, in accordance with the web site of the exchange.

The multiple reached a five-year high in the conclusion of a year ago, based on data compiled by Bloomberg accessed via a Canadian proxy.

Apple and Yahoo! are among 27 businesses releasing quarterly results.

Of the S&P 500 members that have reported gain 75 percent have surpassed projections. Analysts forecast gain at S&P 500 firms increased 1.1 percent in the final three months of 2014, down from an October approximation of 8.5 percent.