Jobless Claims
Every major industry group in the S&P 500 dropped as a bigger-than-forecast increase in jobless claims also sent stocks lower. Initial unemployment claims increased by 7,000 to 455,000 in the week ended Aug. 2, the most since March 2002.
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Average companies reported lower 7.2% profit
In aggregate, results at the 414 companies that have reported fell short of analyst estimates by 7.2 percent. That's worse than in the first quarter, when aggregate profit missed the estimates by 2.7 percent.
Consumer discretionary profits missed estimates by 72 percent, led by larger-than-expected losses at General Motors Corp. and Ford Motor Co. Financial companies earned 60 percent less than analysts estimated. American Express Co., the biggest U.S. credit card company, missed the average estimate by 32 percent on July 22.
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Bought YZJ at 0.675, bought between short or mid term for averaging down or sell on rally. I believe we will be making new march low with more bad news unfolding, the myth of national day rally on my own opinion will still depends on HSI , Nikkei, DJ and news media.
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