U.S. stock index Dow Jones and SP 500 fell on Friday on 0,2-0,4%, after investors began to sell shares of companies that depend on the economic situation in the least degree, the so-called security paper, reports agency Bloomberg.

Quotations of futures on the last day of summer also show negative dynamics: the September contracts for the SP 500 by 8:41 IST lost 0,5%, for Dow Jones to 8:39 MSK - 0,57%.

The players probably are thinking about the transition from defense to attack, - said an analyst with Federated Clover Investment Advisors Lawrence Kritura.

market value of Merck Co., producer of drugs for asthma and allergies, decreased by 1,7%. After it cheaper stocks and other companies related to health.

Quotations securities anticoagulants manufacturer Bristol-Myers Squibb Co. dropped to 2.9% after Morgan Stanley's analysts worsened outlook for the company's shares to market level, stating that they are not cheap.

As a result

subindex SP 500, a calculation which includes the shares of pharmaceutical companies dipped 0.2%.

The bad results demonstrate the company with defense strategy - said analyst MF Global Ltd. Nick Kalivas.

In addition, shares of Novell Inc., developer of the operating system Linux, fell 7% as the company's profits has been worse than the forecasts of experts. Impairment Novell has seen a record among all the securities included in the calculation of the SP 500.

However, falling stock price of a security companies offset by rise in price of Intel, Dell, and Tiffany, forecasts and income statements which were better than expected.

second-largest global PC maker Dell on the results of the second fiscal quarter reduced net income and earnings, but the less, not so much as many investors had feared. Net income in May-July fell by 23% - to $ 472 million, or 24 cents per share, earnings decreased by 22% - to $ 12.76 billion, because of falling sales of PCs and their prices against the background of global recession.

Dell revenue and profits declined in May and July, the fourth consecutive quarter, however, according to the company, the rate of decline in the second finkvartale slowed down compared with February-April. The average profit forecast was, according to various polls, 22 cents in revenue $ 12.6 billion

Cost

Dell shares rose 1.8% after a 6.7% rise on the previous day.

world's largest semiconductor manufacturer Intel has raised the forecast earnings, continuing a string of good news about the restoration of the technological sector. The company now expects third quarter revenue will be $ 9 billion plus or minus $ 200 million in July this figure was estimated Intel at $ 8.5 billion plus or minus $ 400 million

Intel shares rose for the day at 4%.

leading global manufacturer of jewelry Tiffany lowered its net profit in the fiscal second quarter, which ended July 31, almost 30% - to $ 56.776 million, or 46 cents per share, revenue decreased by 16% to $ 612.493 million Under average forecast surveyed by Thomson Reuters analysts, company profit was up 33 cents per share on revenue of $ 602 million this way, performance exceeded expectations, and therefore the management of Tiffany improved forecast for the current fingod.

Quotations

shares soared a day by 11%.

The cost of securities

J. Crew Group, the retail clothing chain, rose by 6%, because its financial results also exceeded expectations.

Index Dow Jones Industrial Average on Friday fell by 36.43 points (0.38%) - up to 9544.2 points. This is the first decrease in the indicator since August 17.

Standard Poor s 500 has decreased on the basis of trading on 2,05 points (0,2%), amounting to 1,028.93 points.

At the same time, the Nasdaq Composite index value for the day, rose to 1.04 points (0.05%) - up to 2,028.77 points.

As a result of the whole past week Dow Jones and Nasdaq rose by 0,4%, SP 500 - by 0,3%.

Since the beginning of this year, raising Dow Jones is 8,75%, SP 500 - 13,9%. The Nasdaq added in this year's 28,6%.