Wall Street fell on Wednesday on a day where the focus was directed towards the creditors no to Greece and strong macroeconomic figures in the US.
– Everything revolves around Greece and the continued strengthening of the US economy. There are trends, and it is most of all what day of the week it is that determines which of the two dominates, says Krishna Memani Oppenheimer Funds to CNBC.
Thus fell the Dow Jones 0, 98 percent to 17,966.20, while the S & amp; P 500 was down 0.73 percent to 2,108.60.
Also on Nasdaq was the low point of 0.73 per cent, to 5122 , 41.
Results
Several companies have released figures. Home builder Lennar Corp. ended up 4.2 percent after it reported a profit on a 79 cents per share in the second quarter against the expected 64 cents. Agrokjemiselskapet Monsanto delivered better results than expected, but the top line disappointed. The stock ended down 5.73 percent.
Greek no
The Greek Prime Minister Alexis Tsipras announced Wednesday that creditors (euro group -ECB, European Commission and IMF) has declined the Greek government’s suggestion of a deal that had triggered the necessary remaining billions in loan program.
The German Finance Ministry spokesman, Martin Jäger, mean distance between Greece and creditors are still great.
BNP
Final figures from the US statistical authorities show that US GDP fell by 0.2 per cent annualized in Q1 2015.
Preliminary figures showed a GDP growth of minus 0.7 percent.
The consensus was according to both Bloomberg and MarketWatch at minus 0.2 percent.
In Q4 2014 GDP growth at 2.2 percent.
The negative GDP growth in Q1 due Reuters both bad weather, a stronger dollar, investment cuts in the oil sector and ports on the west coast that was closed due to strikes.
The arrows pointing the other hand in the direction of a rebound in Q2. Retail sales show strength, and employers increase employment.
With crude consumer spending
Private consumption rose 2.1 percent in Q1, against expected 1.9 percent . Consumption, which accounts for over two thirds of the US economy, was therefore revised up from 1.8 percent growth, according to the preliminary listing.
GDP price index came in unchanged, against expecting a drop of 0.1 percent .
The core PCE rose 0.8 percent in Q1 – as expected.
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