United States: the commodity sector and high technology markets pulled in the plus

Written by admin on January 20th, 2010

 

Wednesday, December 23, the main stock indexes of the United States on a weaker dollar and the consequent rally in commodity markets and the strengthening of the shares of high-tech sector, despite the contradictory macroeconomic statistics, managed to close in positive territory.

Personal incomes in November rose by 0.4%, expenses increased by 0,5%, while core consumer price index remained unchanged. The final index of consumer confidence in the University of Michigan in December, rose from 67,4 to 72,5 points, which, however, was less than analysts expected value.

Report U.S. Department of Energy showed that stockpiles of oil last week fell by 4.9 million barrels to 327.5 million, which also supported the shares of energy companies. At the same time, sales of new homes unexpectedly fell in November from 430 thousand to 355 thousand against the projected increase to 440 thousand

At the end of trading the barometer of blue chips "Dow stood at 0,014% to a value of 10 466.44 points, while a more" broad "index of SP 500 was strengthened to 0.23% and closed at 1 120.59 points. Rate with a large proportion of high-tech stocks Nasdaq added 0.75% to the value 2 269.64 points.

increase the cost of oil and metals had a positive impact on the stocks of the commodity sector. Thus, paper mining Freeport-McMoRan Copper Gold prices increased by 3.2% to $ 80.93, while its rival Newmont Mining added 2.8% and ended the day at $ 48.04 on the background of strengthening the value of copper and gold.

Quotes oil Schlumberger, at the same time, became heavier by 2% to $ 65.23 by increasing the price of oil to more than $ 76 a barrel, as well as recommendations for improving equity analyst at Barclays to assess "best market". Experts emphasized the financial strength of the company, good management and product line.

search engine Yahoo shares soared 4.32% to $ 16.67 and led the increase in high-tech sector. Morgan Stanley analysts raised their recommendations for securities firms, stressing the increased use of the site after a redesign of the main page, as well as the restoration of online advertising.

Paper

owner Newspapers New York Times jumped 9.7% to $ 12.10, while its rival Gannett became heavier by 7% to $ 15.42. Wells Fargo analysts raised their recommendations on shares of companies, and also reported that the advertising market in the newspapers is growing at a faster pace than previously expected.

Quotes retailers who sell products for arrangement of houses, meanwhile, led the decline. For example, Lowe"s shares slipped by 1,3% to $ 23.56, while its rival Home Depot fell 1% to $ 29 on the background of news about declining sales of new housing in November by 11%.

Papers

insurer American International Group "thinner" at 5,3% to $ 29.41. Specialists Moody"s Investors Service in anticipation of a cessation of support by the consumer lending unit in November 2010 lowered its rating to level "unreliable".

Quotations supplier Cintas uniforms by the end of trading have fallen by 11% to $ 26.35. The company reported second-quarter profit excluding some deductions in the amount of 39 cents per share, which was 8,7% lower than average values expected by analysts.

Crude oil futures for February delivery at the end of trading added $ 2.27 to close at $ 76.67 per barrel. Contracts for gold in electronic trading on COMEX for February delivery rose $ 7.30, and finished the day at $ 1 094.00 per troy ounce.

In currency trading the dollar weakened position against the euro and the Japanese yen.

Asia: after the holidays with renewed vigor bulls rush into battle
Asia: Investors were hidden in the pockets of the weekly earnings
Latin America: good data - a good result
USA: steady growth for the holiday season
Europe: a relaxed session before the long weekend
Asia: in the hopes of a better
Latin America: Commodities hopes
Europe: News from the U.S. did not prevent the indices closed in positive territory
Asia: while Japan is resting, other markets are growing

 

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