Wednesday, January 16

Wall Street edges from 5-year highs, is the result of

Wall Street edges from 5-year highs, is the result of

Shares ground lost on Monday, as investors back from the recent gains, which moved the S & P 500 to a five-year high in anticipation of sluggish growth of corporate earnings lifted.

Shares dipped by financial companies, after a group of U.S. banks agreed figures total $8.5 billion, an investigation of the failed mortgage foreclosures Government to quit. The KBW Bank index, an indicator for the U.S. bank stocks was 0.3 percent.

Other sectors were especially energy and utilities, affected. Energy sector index, the S & P 500 fell 0.8 percent and utilities sector was off 1.1 percent.

Decline of the day came in a session after the S & P 500 ended a five-year-high, reinforced by a budget and strong economic data. The S & P 500 rose 4.6 percent last week, win the best weekly in more than a year.

"It's a little bit of some risk off the table prior to winning season, you will not see what that great" on the result, said Larry Peruzzi, senior equity trader at Cabrera capital markets Inc. in Boston.

The results are expected to be only slightly better than lackluster results in the third quarter and current estimates of the analysts are down sharply, where they were in October. Earnings growth in the fourth quarter is expected to be 2.8 percent, are based on data from Thomson Reuters.

Alcoa Inc. aluminum company begins reporting season with the announcement of its results after market close on Tuesday. Alcoa shares fell to $9.10-1.7 percent.

The Dow Jones industrial average fell 50.92 points, or 0.38 percent, to 13,384.29. The standard & poor's 500 index fell 4.58 points, or 0.31 percent, to 1,461.89. The Nasdaq composite index lost 2.84 points or 0.09 percent to 3,098.81.

A review of the case of foreclosures, which stop US regulators demanded ten Mortgage Servicers - including Bank of America, JPMorgan, Citigroup and Wells Fargo-$8.5 billion agreed on Monday figures.

In a separate case Bank announced BofA also about $11.6-billion settlement with finance mortgage company Fannie Mae and a $1.8 billion sale of the collection rights for home loans.

The Bank also appeared in agreements with nation star mortgage holdings and Walter investment management, approximately 306 billion $ of mortgage loans to sell servicing rights.

Bank of America shares lost 0.2 per cent to $12.09, during nation star mortgage holdings jumped 16.8 percent to $38.83.

Citigroup shares rose 0.09 percent to $42.47 and Wells Fargo shares fell 0.5 percent to $34,77.

"Financials probably the wind behind them now come with a lot of regulations... the market has to absorb much of the profits and for the reason there is a retreat from this level", said Warren West, principal at Greentree brokerage services in Philadelphia.

Shares of U.S. Jet maker, which Boeing Co fell 2 percent after a plane of Boeing 787 Dreamliner with no passengers on board the from Boston Logan International Airport on Monday morning caught fire. shares hit is their highest price ever at $269.22 after Morgan Stanley raised the rating on the stock. Shares rose 3.6 percent to $268.46.

Video-streaming service Netflix Inc shares 3.4 per cent to $99.20 won after it said that there are some past seasons popular shows from time Warner Warner of Bros. television produced will help.

Walt Disney Co shares fell 2.3 percent to $50.97. The company began an internal review of the cost-cutting a few weeks ago can contain the layoffs at his Studio and other units, three people with knowledge of the effort told of Reuters.

Volume was lower than average, such as 4.78 billion shares on the New York Stock Exchange, traded MKT NYSE and NASDAQ. This is far below the average 2012 from 6.42 billion per session.

Declining stocks outnumbered advancing ones on the NYSE by 1.629, 1.363, while on the NASDAQ Decliners commit 1.438, 1,066 beat.

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