U.S.: corporate accountability contributed to the growth indices

Written by admin on March 20th, 2010

Tuesday, February 2, the main American stock market indices in the first half of the trades have demonstrated positive dynamics on the background of good corporate reporting.

By 19:57 Moscow Time barometer of blue chips, the Dow rose to 0,618% to a value of 10 248.51 points, a "broad" SP 500 index rose by 0,747% and achieved a mark 1 097.33 points. Indicator with a large proportion of high-tech stocks Nasdaq added 0,433% to the value 2 180.6 points.

Shares D.R. Horton "recovered" at 1,64%. The second-largest U.S. builder reported on the financial results in the first fiscal quarter ending in December 31. Net income for the period totaled $ 192 million, or 56 cents per share, compared with a net loss of $ 62.6 million, or 20 cents per share a year earlier. Analysts had expected a loss in the first quarter will be 26 cents on the paper.

Papers of the largest U.S. aluminum producer Alcoa strengthened to 2.54% after Citigroup analysts raised their recommendations on them to "hold" to "buy". Do not overlook the experts Citigroup, the world"s largest copper producer Freeport-McMoRan Copper Gold. In their view, growth in demand for copper from China will help increase profits. Against this background, quotes Freeport-McMoRan Copper Gold rose to 0,57%.

UPS Market capitalization increased by 0.47%. According to the report the world"s largest delivery service, the profit of the fourth quarter fell 9.6% to $ 1.26 billion, or 75 cents a paper, with an average forecast of analysts of 74 cents per share. Revenues for the period decreased by 2.5% to $ 12.38 billion, company representatives said they expected a significant increase in profits in 2010.

Equities Exxon Mobil have "harder" to 1,03%. Bank of America analysts raised their recommendations on the securities of companies with a "hold" to "buy".

largest representatives of the financial sector before he took Paul Volcker"s plan to restrict the business activity of banks managed to increase market capitalization. Thus, quotes JPMorgan Chase rose to 1,72%, while Goldman Sachs paper strengthened to 1.65%.

By 19:58 IST futures for Brent crude for delivery in March went up by 2,824% to $ 75.174 per barrel. Gold prices have risen by 0,950% to $ 1 115.5 per troy ounce. The U.S. currency weakened against the euro at 0,172% and fell against the Japanese yen to 0,232%.

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