Fall in US Sales

[katie]

In the US too stocks fell after fall in US sales and concerns over Greece's financial health. Liam Dalton, president of Axiom Capital Management in New York, said: "There’s really, on a total sum basis, very little growth out there. The companies that are projecting growth and don’t deliver are going to get punished, and investors are going to pay a premium for companies that actually are growing.”


Jonathan Corpina, senior managing partner of Meridian Equity Partners in New York, said: "They did exactly what was supposed to happen with the type of earnings report that they had. Investors are looking headline to headline to headline. It was China and bank reform last week. It was Obama's speech this week, and now today, it's Greece."


Dow Jones dropped 115 points to 10,120. The S&P 500 index gave up 12 at 1,084. Nasdaq down 42 at 2,179.

[namratasnv]

This article is really giving me the brief about the sales of US, so this cannot be that good for investors as they have to pay premium for the companies. we have to keep close observation on the sales.

[Jenny]

Health care sector in the US market is having lots of attention right now after the package for health care reforms. This said to bring the total cost to $940 billion and is expected to bring down the deficit by about $130 billion during the next 10years.

Apart from the still remaining Greek debt crisis, a rate hike by the Reserve Bank of India and the danger imposed by the Chinese monetary policy tightening has also had a great impact on the market.

[namratasnv]

If you watch market again than you will come to know about the Health care sector, than US stocks advance in it and THC gained 9% in the wake of a health-care overhaul after a year of debate.

Thanks