Dow has worst week of 2013

replica Philipp Plein men polos

New York (ap) -- stocks fell on Friday, what is the worst week, the dow Jones industrial average this year.
Drag on the market, weak, retailers and enterprises is sensitive to higher interest rates. Home builders and bank stocks performed best.
There's a decent stocks at the start of the week in the first half, but investors has been hit, in the last three days. In general, the dow Jones index fell by 2.2% in a week, the worst in 2013. The broader standard & poor's 500 - stock index dropped 2.1%, the day of the week, the second worst for a year.
In September has cut the possibility of the fed's massive bond purchases unsettle bond markets in the past few weeks, and this, in turn, spread to the stock market. The benchmark 10-year Treasury yields rose to 2.83%, the highest since July 2011. A week ago, a yield of 2.58%. In the bond market, yields rise, bond prices fall.

wholesale Burberry men sweaters

"When the production is like this, it is a terrible most equity investors," at Rosenblatt securities chief market analyst Brian Reynolds said.
On Friday, the standard & poor's 500 index fell 5.49 points, to 1655.83, or 0.33%. The dow Jones industrial average fell 30.72 points, to 15081.47, up 0.2% and the nasdaq composite index fell 3.34 points, to 3602.78, up 0.1%.
Utilities and telecoms firms, poor performance, usually at a high interest rate environment, shares closed down. Utilities consolidated Edison company, based in New York fell 75 cents, or 1.3%, to $56.64, and California PG&E company fell 71 cents, or 1.6%, to $42.64. The dow Jones index and AT&T, Verizon communications company fell 1.7% and 1.7%, respectively.
Retailers continue their days of selling. North tong company gave it to a poor sales prospects, late on Thursday from wal-mart and messi company earlier this week, echoing similar predictions. Put forward the prospect of concern, U.S. consumer spending may pull back.
Nordstrom's shares fell $2.90, or 4.9%, to $56.43, the biggest drop in the S&P 500 index.
Retail industry is a part of the pay close attention to the economy, as consumer spending about 70% of economic activity. A disappointing outlook is worrying, because they consider the back to school shopping season, U.S. retailers usually is the second largest shopping period.
"It gave us a scratching his head, said:" John fox, who is in charge of the FAM value of $873 million in assets, a fund manager. "It really forces you to ask a question: 'is a consumer slowdown?"
Investors are also worried about the stock market - what would happen to the U.S. economy - if the fed starts to over $85 billion, a month's worth of bond purchases in September. Some investors believe that the fed's plan has been made great contribution to the record of the stock market run.
"The biggest problem is that the fed will eliminate the bond purchase plan in September, and, if so, how they will they eliminated the bond purchases, drain securities sales and trading department director frank Davis said:".
Reynolds said, investors should expect more selling, before the fed's decision.
"Expect a correction, but lighter than a correction in June," he said.
As the bond market in a recession, and sell the stock, investors moved to a safer assets - gold. Its price rose $10.1, or 0.7%, to $1371. Gold in the year to the third best week, up 3.7%.
The other news, the personal computer maker dell profits fell by 72% in the second quarter of the fiscal year. This may help convince dell founder Michael dell's $2.48 billion acquisition of shareholder approval. And private equity firms Silver Lake.
Dell's stock rose 12 cents, or 0.8%, to $13.82 - $13.88 a share below suggestion.