aber die Märkte spielen die ersten Zinserhöhungserwartungen. Obwohl - auch Zinserhöungserwartungen sehe ich bei dem momentanen Niveau auch positiv:
Stocks slide after wholesale inventories fall
Stocks slide as wholesale inventories fall; analyst comments about banks weigh on financials
By Stephen Bernard, AP Business Writer
On Tuesday August 11, 2009, 10:34 am EDT
Buzz up! 0 Print.NEW YORK (AP) -- Traders are turning cautious about the prospects for the economy.
Stocks skidded Tuesday as the Federal Reserve began a two-day meeting that could provide new insight into how the economy is faring.
It is widely expected that policymakers will hold interest rates steady at near zero when they end their meeting Wednesday, but investors will be keeping a close watch on what the Fed has to say about the current state of the economy.
Investors also grappled with mixed economic reports and downbeat comments from an influential analyst.
Stocks extended their losses after the Commerce Department said businesses cut inventories at the wholesale level for a record 10th consecutive month in June. The drop has contributed to the longest recession since World War II. In one bright spot, sales rose 0.4 percent for a second straight month, the first back-to-back increases in a year.
Bank stocks fell after analyst Richard Bove of Rochdale Securities wrote in a research note Tuesday that bank earnings won't improve in the third or even the fourth quarter this year and many companies will post losses. He said investors should lock in profits after a surge in bank stocks since early March.
"It just takes the euphoria feelings off the table," said Dave Rovelli, managing director of trading at brokerage Canaccord Adams, referring to Bove's comments and recent optimism among investors.
With many traders on vacation, volume was light, which tends to skew price moves.
In early trading, the Dow Jones industrial average fell 93.03, or 1 percent, to 9,244.92. The Standard & Poor's 500 index fell 11.61, or 1.2 percent, to 995.49, while the Nasdaq composite index fell 23.50, or 1.2 percent, to 1,968.74.
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