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United States: Statistics on secondary housing market became a driver of growth

Aug 21st, 2009 | By admin | Category: News International Markets

On Friday, 21 August, the U.S. stock market by more than rising steadily, with the Standard Poor's index of 500 managed to climb up to the maximum level of last October. The reason for this growth were the data on housing sales in the secondary market - the number of housing units was 5.24 million, ie almost 5% more than forecast and 7.2% above the previous value. Thus, the value is only slightly not reached the two-year peak, but its increase was strongest for the 10-year history of collecting these statistics.

By 20:01 AM EDT index broad market Standard Poor's 500 traded increased to 1.69% at level of 1024.40 points, the indicator blue chip Dow Jones Industrial Average rising to 1.52% to a level of 9492.43 points, and the index of high-tech industries Nasdaq Composite traded in the black at 1.36% on the mark at 2,016.33 points.

According to the bias of today's rally rising quotes companies having anything to do with housing and zhilstroyu since manufacturers of home appliances to the actual housing construction. For example, General Electric shares traded increased to 3,2%, Home Depot growing by 2.3%.

In zhilstroya dynamic sector of the new shares DR Horton, Pulte Homes and Hovnanian - in the black at 4.9%, 3.6% and 5% respectively. Builder-fabricated modular homes Champion Enterprises soared 28.1% on Friday and is the leader of growth on NYSE.

software provider Salesforce.com took off at 15.9%, once raised its forecast for annual profit and reported on quarterly financial results exceeding forecasts.

clothing retailer Gap has moved at 2.7% after the reported financial results exceeding forecasts by reducing the transaction costs that come at an opportune moment to today's 40-year anniversary of the company.

manufacturer of batteries and battery Exide Technologies jumped to 11.7% against the backdrop of the positive comments of individual analysts.

In the oil sector enjoys positive - the black gold at the auction in New York exceeded $ 74 for the first time this year. Shares of major oil companies Exxon Mobil Chevron traded in the black at 1.8%, and ConocoPhillips - increased to 2.4%.

Bullion today also show bychyu dynamics - in particular, gold has advanced a powerful way for a month. Consequently, there is no wonder that the shares of Freeport-McMoRan Copper Gold went in at plus 3.2%.

Among the most actively traded on the NYSE said Citigroup Fannie Mae. Its shares added 5.6%, respectively, and 10.9%.

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