U.S. stocks fell slightly late Tuesday, led by resources sector. State of the Union President Obama will, long-rumored he may propose to freeze the federal budget.
EST at 15:31 on January 25, the Dow Jones Industrial Average fell 30.27 points to 11,950.25 points, down 0.25%; the Nasdaq composite index fell 5.75 points to 2,711.80 points, down 0.21%; the S & P 500 Index fell 2.72 points to 1,288.12 points, down 0.21%.
Today, the lowest intraday Dow had dropped to 11,898.74 points.
Dow from 12,000 now only one step away. The Dow last closed above 12,000 points, in the June 19, 2008. On Monday the Dow rose 100 points, so some investors that the Dow approaching 12,000 at the time a correction is normal.
Instinet U.S. investment institutions, head of trading David - Braun Tonio (David Bellantonio), said "the market for a long time have not rebounded to the point, you will see the Dow approaching the psychological barrier of 12,000 points, the market will be some selling. Recently the market has received a considerable increase, so market forces may be tired. "
Today, more than the Dow investors welcomed the company's earnings components, including Verizon Communications, 3M, DuPont and so on. In addition, Obama will be 21:00 EST (10:00 GMT Wednesday) began to publish State of the Union. The Fed will also benefit from a two-day meeting today's monetary policy meeting. Prior to this cautious market sentiment.