U.S. Stock Market Got Weak Again

U.S. stock market closed lower amid three positive economic data. Market participants consider three data is not enough to withstand potential selling pressure towards the close of this year. Nevertheless, the S & P 500 rose 6.5 percent this month. Thus, this index is in the best performance in December since 1991. Earlier, three U.S. economic data (USA) get positive. Labor market reports, business activity and housing all showed surprising strength.

The U.S. government claims for unemployment benefits last week in the year 2010 was down to its lowest level since July 2008, while the report from the Institute for Supply Management-Chicago show in the U.S. Midwest business activity rose to its highest level since July 1988. Home sales data for the period November 2010 that’s delayed to release also increased more than anticipated.

"The figures disclosed are very strong this morning, but people become more careful because this is the end of the year, especially the strengthening of the stock market has experienced quite severe," said chief investment strategist Bruce McCain Key Private Bank, in Cleveland, Ohio as quoted by Reuters.

Worldwide Inc. is engaged in the business of employment agency its share price up 2.1 percent to USD24, 12 after the unemployment data was released. The Dow Jones U.S. business training and employment agencies index rose 0.3 percent. In trading Thursday (12/30/2010) local time, the Dow Jones industrial fell 15.67 points, or 0.14 percent, to 11569.71. The broader Standard & Poor's 500 index dropped 1.86 points, or 0.15 percent at 1257.92. And the Nasdaq Composite Index fell 3.95 points, or 0.15 percent to 2662.98.

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