USA: the market finished the week by a wave of euphoria
Jan 20th, 2010 | By admin | Category: Reviews and ideasÂÂ
Friday, January 8, the U.S. stock markets finished the trading session in positive territory due to the increase in metal prices and "black" gold, as well as on the background of what the whole week was quite positive in terms of macroeconomic statistics, in particular, pleased with the data on business activity in industry and services.
As a result of trading indicator of blue chips Dow Jones Industrial Average rose by 11.33 points, or 0.11% to a level of 10,618.19 points, the index is a broad market Standard Poor "s 500 rose 3.29 points, or 0.29% to a mark at 1,144.98 points and the index of high-technology Nasdaq Composite left in plus on 17.12 points, or 0.74% to 2,317.17 points in the mark.
Against the backdrop of increase in the index of business activity in industry stocks General Electric, Boeing and Bank of America added a week to its credit more than 9%. Additional support for Bank of America Securities were the statements of analysts Morgan Stanley, which reported that losses from commercial real estate will not be a major obstacle to the development of national economy. The American aircraft manufacturers Boeing, in turn, said that orders the company will begin to grow in 2012 due to recovery of economic growth, leading to an increase in demand for air travel and return to profitability.
Successfully formed the Friday session for national retailers. Thus, Sear Holdings shares gained strength by 19% after it reported on sales, exceeding analysts" forecasts. The papers of one of the leading household goods retailers, Bed Bath Beyond became heavier on 8,9% against the background of his statements that the annual profit will be higher than the preliminary forecasts of the company.
Outsider trading among retailers was the company Abercrombie Fitch, lost in the course of the session 3.6% of market capitalization. Sales in stores open at least a year declined in December by 19%.
The second-largest U.S. telephone company Verizon Communications has lowered its assets from 4.2% after its CEO said that profits in 2009 would be between $ 2.39 to $ 2.41 per share against $ 2.45 expected by analysts.
Futures for petroleum of mark Light for February delivery went up by 9 cents to $ 82.75 a barrel, and the value of gold futures for February delivery rose on the results of trading on COMEX at $ 5.20 to $ 1 138.9 per troy ounce.
World stock markets: News from China was the main reason for the reduction indices
World stock markets: the bulls have tempered his enthusiasm, but maintain a presence
World stock markets: "bulls" so far managed to keep the position
World stock markets: in 2010 started with a bullish note
USA /Europe /Latin America /Asia: encouraging annual results helped to start the new year with optimism
Asia: finishing segment performed
ETF international markets: the crisis has brought incredible profits
Latin America: the Chilean market does not become a leader for the year
United States: a slight increase before the last in this year"s trading session
