spike e ritorno di candela su spoore...
volumi anche in discesa ma vi erano anche volumi di sostegno a limitare la discesa....
AP
Fed Inflation Comments Send Stocks Down
Wednesday October 25, 2:47 pm ET
By Tim Paradis, AP Business Writer
Stocks Fall in Afternoon Trading As Fed Warns About Inflation Risks
NEW YORK (AP) -- Investors sent stocks lower after the Federal Reserve, warning that inflation pressures remain in the economy, stirred up fears that it might return to interest rate hikes in the future.
The Fed's Open Market Committee kept the nation's benchmark rate unchanged at 5.25 percent for a third straight meeting, but it noted that recent readings on inflation have moved higher recently. While stocks rose right after the Fed's decision was released, they pulled back as investors and analysts pored over the committee's accompanying policy statement.
"It's not a sign that the Fed is going to be cutting rates anytime soon," said Drew Matus, senior economist at Lehman Brothers.
In mid afternoon trading, the Dow fell 35.15, or 0.29 percent, at 12,092.74. The Dow managed to reach another new trading high, 12,143.97, after setting new trading and closing records the previous session, before pulling back.
Broader stock indicators also fell. The Standard & Poor's 500 index fell 0.88, or 0.06 percent, 1,376.50, and the Nasdaq composite index fell 4.50, or 0.19 percent, to 2,340.34.
Bonds rallied, with the yield on the benchmark 10-year Treasury note falling to 4.78 percent from 4.82 late Tuesday. The dollar was mixed against other major currencies, while gold prices rose.
Light, sweet crude was up $2 at $61.35 a barrel on the New York Mercantile Exchange following the decline in U.S. crude inventories last week. Meanwhile, sentiment has grown in recent days that OPEC production cuts might help shore up oil prices. On Friday, oil prices fell to their lows for the year.
As investors try to gauge the health of the economy they also looked at quarterly reports Wednesday from big names like GM and Altria Group Inc., the parent of tobacco-products maker Philip Morris.
Investors have also paid close attention to economic news as they try to determine how quickly the economy is slowing and whether it can pull of a soft landing. One possible area of concern was a report from the Chicago Fed that showed its National Activity Index fell to its lowest readings in 11 months in August.
The market had little reaction to a report from the National Association of Realtors that existing home sales declined 1.9 percent to a seasonally adjusted sales pace of 6.18 million units, marking the slowest sales rate since January 2004. Also, the median price of a home registered a sharp drop.
In corporate news, GM fell $1.36, or 3.8 percent, to $34.83, despite reporting that its third-quarter loss narrowed as cost-cutting aspects of its turnaround plan began to take hold and as sales rose about 4 percent. The world's largest automaker said its loss for the quarter fell to $115 million, or 20 cents per share, from $1.7 billion, or $2.94 per share, a year earlier.
Altria was up $1.87, or 2.3 percent, at $81.69 after saying it plans to announce in January plans for a spinoff of Kraft Foods Inc. and despite reporting third-quarter results that came in slightly below Wall Street's expectation.
Boeing Co., like GM and Altria part of the 30 stocks in the Dow, fell $2.52, or 3 percent, to $81.07 after the No. 2 commercial aircraft maker behind Airbus saw its third-quarter profit fall 31 percent as the company recorded expenses to discontinue an in-flight Internet service.
Amazon.com Inc. rose $4.20, or 13.5 percnet, to $37.83 after the Internet retailer reported a stronger-than-expected third-quarter profit following a disappointing second quarter.
Taser International Inc., which makes stun guns, rose 59 cents, or 6.4 percent, to $9.79 after posting a sharp increase in third-quarter earnings.
The Russell 2000 index of smaller companies was down 1.06, or 0.14 percent, at 761.37.
Overseas, Japan's Nikkei stock average closed down 0.48 percent. Britain's FTSE 100 closed up 0.52 percent, Germany's DAX index was up 0.28 percent, and France's CAC-40 was up 0.33 percent.