United States: change in the index hovers near the zero mark
Sep 15th, 2009 | By admin | Category: News International MarketsMonday, 14 September, the U.S. stock market in the first half of trading observed volatile dynamics. Growth stocks of utilities and industrial companies supported the index, while uncertainty about the validity of investors in the further growth of the value of the securities and cheaper Commodities led to a decrease in quotations of other industries.
By 20:15 IST barometer of blue chips Dow fell to 0,227% to a value of 9 583.57 points, more than broad SP 500 index fell by 0,099% to reach 1041.7 points mark. Rate with a large proportion of the shares of high-tech companies Nasdaq has lowered the values of 0,102% to 2 078.78 points.
Alcoa shares retreated 2%. HSBC analysts lowered the rating of securities of the largest aluminum producer to worse than the market, referring to their overvalued.
Quotes clinics operator Tenet Healthcare soared 7.52%. The company raised its earnings forecast for the end of 2009 from $ 810 - $ 875 million to $ 900 - $ 950 million
The market capitalization of Sprint Nextel rose by 11.14%. Europe's largest phone company Deutsche Telekom appealed to Deutsche Bank to explore the possibility of the potential absorption of the third-largest U.S. cellular operator.
Paper Las Vegas Sands recovered on 5,5% after analysts Bank of America upgraded the rating of the gaming company's shares to neutral to buy.
Quotes Regeneron Pharmaceuticals fell 4.71%. Biopharmaceutical company, together with Sanofi-Aventis has finished testing the experimental drug for cancer in connection with the independent committee, under which the drug has no therapeutic effect on patients with tumors of the pancreas.
Shares utility company Nalco Holding advanced to 3.74%. According to executive director of RMB Capital Management, the paper companies have good potential for growth in light of Nalco policy to reduce costs, increase efficiency and expand in emerging markets such as China, India and Russia.
The market capitalization of E * Trade Financial has increased by 4,82%. Citigroup analysts raised their recommendations on the securities Internet broker with a hold to buy, citing the fact that the company may be acquired.
By 20:16 IST futures for Brent crude for November delivery fell 0,588% to $ 68.108 per barrel. Gold prices dropped to 0,507% to $ 1,001.3 an ounce. The U.S. currency weakened against the euro at 0,309% and gained strength against the Japanese yen to0,154%.
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