Transactions of Silence, the U.S. stock market fell to a new level

U.S. stock market fell to its lowest level in the last month. The trigger was the fears of market participants that economic recovery can occur.

Action on sales occur evenly, with each of five stocks declined for each one shares rose on the New York Stock Exchange. The sectors most sensitive to economic growth in the most severely affected. For example 3M, United Technologies, and Boeing who dragged three major Wall Street indices tumbled.

"I am pessimistic about the economy. And just the fair market also experienced a slowdown right now. Macroeconomic data out to the end of last month and the middle of this month is not a positive sentiment, and even tends to negative," said NYSE floor trader and managing director of ICAP Corporates, Kenneth Polcari quoted as saying by Reuters on Friday (08/20/2010).

The Dow Jones fell 144.33 points, or 1.39 percent to 10271.21. Index Standard & Poor's 500 fell 18.53 points, or 1.69 percent to 1075.63 which is the lowest level since July 21. So also with the Nasdaq fell 36.75 points, or 1.66 percent to 2178.95.

In fact, the report showed factory activity in the Atlantic states received a new contract in August, the first time since July 2009. But investors seemed not to notice, this is an activity expected to increase.

Earlier, the Labor Department said jobless claims rose to if the biggest since the last nine months.

Polcari noted that low trading volume, demonstrating a lack of participation of fund managers, who seem to wait and see due to uncertainty about the economy. Volume on the NYSE Arca, Nasdaq and American Stock Exchange reached only $ 7, 97 billion, while average daily trading last year reached USD9, 65 billion.

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