INDICES SLIDE AS TRADERS MULL ECONOMIC.
The chart above shows yesterday's drop in three major US indices
The stocks of the railroad companies grew vigorously after the White House informed that the largest railroad operators of the USA had reached the preliminary agreement with the workers' trade unions and thus averted the strike planned for Friday. Nevertheless, the pace of the rise in stocks declined by the end of the session as the general decline in the market.
The capitalization of Alcoa (NYSE: AA), the largest U.S. aluminum producer, fell by 3.7%. Alcoa Chief Financial Officer William Oplinger said the company is under pressure due to higher energy costs and lower metal prices, resulting in lower Q3 earnings.
The AA chart shows an almost 13% decline within the last several days
Traders yesterday also analyzed statistical data on U.S. retail sales, which may point to the level of consumer demand and the state of the country's economy, about 70% of which is driven by consumer spending.
Retail sales in the country rose 0.3 percent month-over-month last month, the nation's Commerce Department said. Analysts polled by Bloomberg had expected a 0.1 percent decline, and Trading Economics had forecast that sales would remain at July levels.
Federal Reserve data showed that U.S. industrial production in August declined 0.2 percent from the previous month. Analysts polled by Trading Economics had forecast an average increase of 0.1%.
At the same time, at the end of yesterday's trading, the European stock market also declined, ending in a minus for the third consecutive session. Investors yesterday evaluated statistical data and corporate news.
Consumer prices in France, harmonized with the standards of the European Union, in August rose by 6.6% year on year, according to final data from the country's statutory administration. Earlier, a 6.5% rise was reported, and experts did not expect a revision. However, inflation slowed from 6.8% in July.
The stocks of the railroad companies grew vigorously after the White House informed that the largest railroad operators of the USA had reached the preliminary agreement with the workers' trade unions and thus averted the strike planned for Friday. Nevertheless, the pace of the rise in stocks declined by the end of the session as the general decline in the market.
The capitalization of Alcoa (NYSE: AA), the largest U.S. aluminum producer, fell by 3.7%. Alcoa Chief Financial Officer William Oplinger said the company is under pressure due to higher energy costs and lower metal prices, resulting in lower Q3 earnings.
The AA chart shows an almost 13% decline within the last several days
Traders yesterday also analyzed statistical data on U.S. retail sales, which may point to the level of consumer demand and the state of the country's economy, about 70% of which is driven by consumer spending.
Retail sales in the country rose 0.3 percent month-over-month last month, the nation's Commerce Department said. Analysts polled by Bloomberg had expected a 0.1 percent decline, and Trading Economics had forecast that sales would remain at July levels.
Federal Reserve data showed that U.S. industrial production in August declined 0.2 percent from the previous month. Analysts polled by Trading Economics had forecast an average increase of 0.1%.
At the same time, at the end of yesterday's trading, the European stock market also declined, ending in a minus for the third consecutive session. Investors yesterday evaluated statistical data and corporate news.
Consumer prices in France, harmonized with the standards of the European Union, in August rose by 6.6% year on year, according to final data from the country's statutory administration. Earlier, a 6.5% rise was reported, and experts did not expect a revision. However, inflation slowed from 6.8% in July.
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