Dow Jones Index slid despite positive headlines from Eurozone

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Source: Dukascopy Bank SA

Shares of the US blue chips moved lower on Tuesday despite optimism over the Eurozone. On Tuesday, borrowing costs of Spain dropped after short-term debt auction. Meanwhile, market participants anticipated a release of Fed minutes as well as US existing home sales data due on Wednesday. The Dow Jones Industrial Average Index lost 0.51% to end Tuesday's session at 13,203.58. Only one in nine sectors within the index rose. Consumer goods companies climbed 0.10%, with Kraft Foods rising 1.16%. Financials were mixed, with JPMorgan Chase advancing by 1.70% and American Express slumping 0.53%. Sending the US stock index lower, telecommunications and health care companies plunging 1.38% and 0.70%. Verizon Communications was the top-loser, falling by 1.85%. Among health care companies, Merck & Co and Pfizer shed 1.85% and 0.91%.

 

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