NEW YORK (Reuters) – At the US stock market on Wednesday it has gone down sharply. Triggered the decline was initially weak job data. The bad mood finally spilled especially toward the technology sector, where there was a particularly sharp downward journey. The Star Investor Warren Buffett threaded multi-billion dollar deal in the food industry between Kraft Foods and Heinz ketchup faded behind it.
The Dow Jones Industrial (Dow Jones) was at minus 1.62 percent on daily low at 17 718.54 points from the day. The broad S & P 500 Index (S & amp; P 500) lost 1.46 percent to 2,061.05 points. On the technology-heavy Nasdaq NASDAQ 100 index of the selection slumped particularly significant 2.30 percent to 4,329.29 meters and was thus as strong as last end of January.
Instead of the previous month to rise slightly, orders for durable goods were decreased significantly by 1.4 percent in February. As the US Commerce Department said moreover, the increase was corrected from 2.8 to 2.0 percent in January down.
‘TRANSFERS AND profit-taking’
However, it was probably come with a view of the imminent end of the quarter also shifts, said an equity strategist. A more market players spoke of profit-taking as a result of the recent strong gains.
In addition, constantly geistere the question by the trading floor, when now the US central bank will probably usher in the interest rate reversal concrete. This also care for uncertainty after the indexes have climbed steadily ever new heights.
KRAFT FOODS INCREASE KNAPP 36%
The announced merger of the two tradition corporations Heinz and Kraft Foods had the power shares soar by nearly 36 percent. The new company will be called The force Heinz Company and with sales of around 28 billion US dollars, the third-largest food and beverage company in North America and the world number five.
Another assumption sparked a second course Fireworks: The printer manufacturer Lexmark wants to grab the Sofwarehersteller Kofax. While the Kofax then shares jumped 46 percent upward, the Lexmark papers prices increased by over 6 percent.
OIL VALUES ONLY WINNER IN THE DOW
In the Dow, the only winners were the shares of oil companies Chevron and ExxonMobil plus 1.41 percent ( XOMA ) which rose by 0.40 percent. The reason was the rise in oil prices, despite a record high of US oil reserves. The decline of the dollar had given the buoyant oil prices, it said on the market.
The biggest losers were the papers by Microsoft with minus 3.36 percent and and Intel Apple, which lost 2.92 percent or 2.61. On the Nasdaq, the title of the developer of PC chipsets NVIDIA lost a good 6 percent. The papers of the company is also working for the semiconductor industry KLA-Tencor and Applied material lost more than 5 percent / ck /. hey