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The US Stock Market Looks for More Volatility over the Days to Come

Posted by admin 1047 days ago (http://emailwire.com)

(EMAILWIRE.COM, July 13, 2010 ) Cheyenne, WY - The US stock market is on a volatile ride and it is likely that the volatility will not be lesser intense. The sovereign debt issues which are plaguing the debt issues in Europe and the currency belonging to it. There is still no remedy to prevent it.

Three of the components belonging to Dow will be reporting the earnings for the quarter.

The end of last week marked a fall in the US stock indexes and this is the second consecutive session. Although a halt in the losing streak could be attained before, it struck the third week. The debt crisis in Europe and the declining rate of Euro has given rise to a great deal of worries for all the investors.

Dow Jones Industrial Average had a delay (DJIA 10,363, +146.75, +1.44%) and it has fallen by 162.79 points, or 1.5% finishing at 10,620.16. This marked a triple digit move out of the last 14 for the 11th session.

As the current earnings season is mostly over, the coming days will bring results from a collection of big names, mainly the three Dow components -:

Wal-Mart Stores Inc. (WMT 50.54, -0.01, -0.01%)

Home Depot Inc. HD 28.64, +0.01, +0.04%)

Hewlett-Packard Co. (HPQ 46.77, +0.02, +0.04%) .

It is also been expected that 23 of the S&P 500 companies will also be reporting the earnings. Some of them are,

Lowe's Companies Inc. (LOW 21.16, -0.02, -0.09%)

(INTU 37.46, -.00, -0.01%) .

The S&P 500 Index (SPX 1,095, +16.59, +1.54%) had a decline by 21.76 points, or 1.9%, to 1,135.68, up by 2.2% from the close week ago.

Technology sector:

Agilent Technologies Inc. (A 28.75, +0.01, +0.03%)

Analog Devices Inc. ADI 30.05, +0.02, +0.06%)

Computer Sciences Corp. (CSC 47.01, -0.02, -0.03%)

Software firm Intuit Inc. (INTU 37.46, -.00, -0.01%) .

Gamestop Corp. , the video game publishere (GME 19.51, +0.04, +0.20%) ,

Results from retailers:-

Abercrombie & Fitch (ANF 36.23, +0.04, +0.10%)

Staples Inc. /quotes/ (SPLS 20.24, +0.02, +0.09%)

J.C. Penney Co. (JCP 23.19, +0.03, +0.12%) reported great gains in sales and profits.

Macy's Inc. (M 18.47, -.00, -0.01%) and Kohl's Corp. (KSS 47.88, -0.03, -0.05%) .

The Nasdaq Composite Index (COMP 2,242, +43.67, +1.99%) has fallen down by 47.51 points, or 2%, to 2,346.85. That leaves it at 3.6% higher from the close at Monday.

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