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Wednesday 9 July 2014

US equity market slumped hard on Tuesday dropping for a second straight session




US equity market slumped hard on Tuesday dropping for a second straight session. Shares of Biotechnology, Internet and small-cap companies were battered the most. US stocks have performed well recently, with major indexes hitting repeated records. Last week the Dow Jones closed above 17000 for the first time ever. The big companies seem to have squeezed everything out they possibly could to look manufacturing good. FOMC Meeting is due on Wednesday, which is expected to state about interest rate hike in near future, possibly tumbling the market further.
BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
BioAmber
12.00
16.69
Macquarie Infrastructure
68.09
11.31
DRDGOLD ADS
03.13
07.93
Noranda Aluminium Holding
03.81
07.63
Acorn International ADS
02.18
06.97

BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
China Cord Blood
04.34
19.78
Transcontinental Realty Investors
12.35
16.27
Tableau Software
60.42
10.14
Intrexon
23.66
09.17
Jinko Solar Holding ADS
26.99
08.85

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