The market review for November, 30st

Stock trades in the U.S. on November 27 closed reduction of the leading indexes. Negative news from Dubai (UAE) frightened investors and led to the fall of quotations of a number of major American companies – one of the largest investment companies in the UAE – Dubai World – has asked creditors to delay debt repayment, estimated to be worth $ 60 billion Dubai World (owned by the Government of Dubai ), on account of which a number of successful projects on construction of facilities in the desert, asked for a stay of six months.

News from Dubai provoked a significant fall in quotations on global stock markets, and the American market was no exception.

Thus, most significantly on the basis of bidding companies’ shares have fallen in price of the financial sector. Shares of the largest by assets in U.S. bank Bank of America on the basis of trades fell 3%, and securities of its smaller competitors JPMorgan Chase & Co. – 2%. At 2.6% in the bank’s shares have fallen in price bidding Citigroup Inc., But rates the bank Morgan Stanley fell 2.9%. Shares the world’s largest insurance company American International Group on the basis of trades fell 4%.

Amid falling oil prices to six-week low on the basis of significantly cheaper trades and shares of oil companies. In particular, at 2.1% in the bidding cheaper shares the world’s largest oil company ExxonMobil Corp., And the securities of a smaller rival Chevron lost in the price of bidding up 1.9%.

Meanwhile, lower metals prices contributed to the fall of quotations of mining companies. For example, shares of the largest U.S. aluminum producer Alcoa fell in price by 2,6%, mededobyvayuschey company Freeport-McMoRan Copper & Gold – by 3,6%, while gold Barrick Gold – by 3,3%.

Unable to strengthen its position on the trading floors and American retailers. Thus, at 1% cheaper shares of consumer electronics retailer Best Buy, quotes retailer of goods for the resettlement house Home Depot fell 0.9%, and a network of department stores Kohl’s Corp. – 2%.

Dow Jones index fell by 154.48 points (-1.48%) – to 10,309.92 points
NASDAQ – to 37,61 points (-1.73%) – to 2,138.44 points
S&P – at 19.14 points (-1.72%) – up to 1,091.49 points.

Sector :

Industry :

Key economic data:
-November Chicago PMI at 9:45ET (consensus 53.3; prior 54.2)

Federal Reserve/Treasury calendar:
-None

Key Note/Bond auction results:
-None

Earnings:
-GES and OVTI are the only companies confirmed to report today after the close

Key industry conferences:
-Citi Global Chemical Conference — Companies presenting: APD, MOS

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