Vancouver, B.C., Canada March 23, 2011 – Clearlease.com reports After ending the previous session modestly lower, stocks have seen some further downside in morning trading on Wednesday. The weakness reflects disappointing U.S. new home sales data as well as renewed geopolitical concerns.
The major averages are currently posting notable losses, just off their lows for the session. The Dow is down 32.13 points or 0.3 percent at 11,986.50, the Nasdaq is down 17.87 points or 0.7 percent at 2,666.00 and the S&P 500 is down 8.25 points or 0.6 percent at 1,285.52.
Stocks showed a notable move to the downside following the release of a Commerce Department report showing that new home sales unexpectedly plunged to a new record low in February.
New home sales came in at an annual rate of 250,000 in February, reflecting a 16.9 percent drop from the revised January figure of 301,000. The drop came as a surprise to economists, who had expected new home sales to rise to 290,000 from the 284,000 originally reported for the previous month.
The weakness also reflects renewed concerns about the financial stability of Europe and the nuclear crisis in Japan, with traders worried about the impact on the global economic recovery.
Uncertainty about the stability of Portugal has contributed to the weakness among stocks, with the Portuguese parliament expected to vote against Prime Minister Jose Socrates’ deficit-reduction plan.
Socrates has threatened to resign if the parliament rejects the austerity measures, potentially resulting in the need for early elections and a bailout by the European Union.
Selling pressure has also been generated by renewed concerns about the situation in Japan amid news that workers at the Fukushima nuclear plant were forced to evacuate after black smoke was seen rising from one of the reactors.
News of elevated radiation levels in Tokyo tap water also added to the worries, with officials saying that the water should not be given to infants.
Traders also continue to keep an eye on developments regarding the military conflict in Libya, where coalition forces launched another round of air strikes aimed at Moammar Qadhafi’s forces that were bombarding the rebel-held western city of Misrata.
Negative sentiment has also been generated by Bank of America’s (BAC) revelation that the Federal Reserve has rejected the company’s plan to raise its dividend in the second half of the year.
Bank of America said it would continue to work with the Fed and plans to submit a revised comprehensive capital plan to the central bank.
We currently have the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving us your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres. Currently located in Vancouver, Surrey, Delta and Richmond B.C.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
###
Vancouver, B.C., Canada March 23, 2011 – Clearlease.com reports After ending the previous session modestly lower, stocks have seen some further downside in morning trading on Wednesday. The weakness reflects disappointing U.S. new home sales data as well as renewed geopolitical concerns.
The major averages are currently posting notable losses, just off their lows for the session. The Dow is down 32.13 points or 0.3 percent at 11,986.50, the Nasdaq is down 17.87 points or 0.7 percent at 2,666.00 and the S&P 500 is down 8.25 points or 0.6 percent at 1,285.52.
Stocks showed a notable move to the downside following the release of a Commerce Department report showing that new home sales unexpectedly plunged to a new record low in February.
New home sales came in at an annual rate of 250,000 in February, reflecting a 16.9 percent drop from the revised January figure of 301,000. The drop came as a surprise to economists, who had expected new home sales to rise to 290,000 from the 284,000 originally reported for the previous month.
The weakness also reflects renewed concerns about the financial stability of Europe and the nuclear crisis in Japan, with traders worried about the impact on the global economic recovery.
Uncertainty about the stability of Portugal has contributed to the weakness among stocks, with the Portuguese parliament expected to vote against Prime Minister Jose Socrates’ deficit-reduction plan.
Socrates has threatened to resign if the parliament rejects the austerity measures, potentially resulting in the need for early elections and a bailout by the European Union.
Selling pressure has also been generated by renewed concerns about the situation in Japan amid news that workers at the Fukushima nuclear plant were forced to evacuate after black smoke was seen rising from one of the reactors.
News of elevated radiation levels in Tokyo tap water also added to the worries, with officials saying that the water should not be given to infants.
Traders also continue to keep an eye on developments regarding the military conflict in Libya, where coalition forces launched another round of air strikes aimed at Moammar Qadhafi’s forces that were bombarding the rebel-held western city of Misrata.
Negative sentiment has also been generated by Bank of America’s (BAC) revelation that the Federal Reserve has rejected the company’s plan to raise its dividend in the second half of the year.
Bank of America said it would continue to work with the Fed and plans to submit a revised comprehensive capital plan to the central bank.
We currently have the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving us your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres. Currently located in Vancouver, Surrey, Delta and Richmond B.C.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
###Vancouver, B.C., Canada March 23, 2011 – Clearlease.com reports After ending the previous session modestly lower, stocks have seen some further downside in morning trading on Wednesday. The weakness reflects disappointing U.S. new home sales data as well as renewed geopolitical concerns.
The major averages are currently posting notable losses, just off their lows for the session. The Dow is down 32.13 points or 0.3 percent at 11,986.50, the Nasdaq is down 17.87 points or 0.7 percent at 2,666.00 and the S&P 500 is down 8.25 points or 0.6 percent at 1,285.52.
Stocks showed a notable move to the downside following the release of a Commerce Department report showing that new home sales unexpectedly plunged to a new record low in February.
New home sales came in at an annual rate of 250,000 in February, reflecting a 16.9 percent drop from the revised January figure of 301,000. The drop came as a surprise to economists, who had expected new home sales to rise to 290,000 from the 284,000 originally reported for the previous month.
The weakness also reflects renewed concerns about the financial stability of Europe and the nuclear crisis in Japan, with traders worried about the impact on the global economic recovery.
Uncertainty about the stability of Portugal has contributed to the weakness among stocks, with the Portuguese parliament expected to vote against Prime Minister Jose Socrates’ deficit-reduction plan.
Socrates has threatened to resign if the parliament rejects the austerity measures, potentially resulting in the need for early elections and a bailout by the European Union.
Selling pressure has also been generated by renewed concerns about the situation in Japan amid news that workers at the Fukushima nuclear plant were forced to evacuate after black smoke was seen rising from one of the reactors.
News of elevated radiation levels in Tokyo tap water also added to the worries, with officials saying that the water should not be given to infants.
Traders also continue to keep an eye on developments regarding the military conflict in Libya, where coalition forces launched another round of air strikes aimed at Moammar Qadhafi’s forces that were bombarding the rebel-held western city of Misrata.
Negative sentiment has also been generated by Bank of America’s (BAC) revelation that the Federal Reserve has rejected the company’s plan to raise its dividend in the second half of the year.
Bank of America said it would continue to work with the Fed and plans to submit a revised comprehensive capital plan to the central bank.
We currently have the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving us your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres. Currently located in Vancouver, Surrey, Delta and Richmond B.C.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
###