Indices in the U.S. rose on Tuesday in anticipation of a strong reporting season

Written by admin on October 7th, 2009

U.S. stock indexes rose Tuesday in anticipation of a strong season for corporate reporting on the results of the past quarter, reported Bloomberg. Support to the market is also lifting oil prices and gold.

Quotations of futures on Wednesday morning show growth: December contract on the SP 500 was added to 8:31 in the price of 0,24%, for Dow Jones to 8:32 - 0,23%.

price of gold for immediate delivery on Tuesday reached $ 1045 per ounce - a maximum of the last 18 months - because of the desire of investors to withdraw from dollar-denominated investments and hedge against inflation.

record jump in gold prices contributed to increases in interest rates by the Australian Securities and depreciation of the dollar, but the price of gold rose and the calculations in other currencies. Рынок, как говорят аналитики, учитывает также перспективу снижения продаж золота европейскими центральными банками, которые в 2008-2009 гг. implemented only 155 tons of metal with a quota of 500 tonnes.

Since the beginning of the year gold has risen in price by 18%, and since September last year - by 42%.

Crude oil in New York on Tuesday went up by 0,7% - to $ 70.88 a barrel, reaching a maximum of two weeks.

In these reports have increased the price of paper oil and mining companies. Paper Exxon Mobil went up by 1,6%.

share price Alcoa, the largest U.S. aluminum producer, increased by 3,5%, Newmont Mining, the largest producer of gold in the U.S. - 7%.

Alcoa on Wednesday will publish its financial statements for the previous quarter. Among the 45 major companies that disclose quarterly performance in the next two weeks - General Electric Co. and Intel Corp.

by analysts surveyed by Bloomberg, profits for American companies to reduce the ninth consecutive quarter, but returned to growth in the fourth quarter of 2009.

We are largely focused on the corporate reporting season - said Managing Security Global Investors in New York, Mark Bronze. - The situation in the stock market is improving, as investors hoped that the quarterly performance of companies will be better than expected. Shares Companies commodity, industrial, as well as some of the technological sphere - a good opportunity for short-term investments.

Index Dow Jones Industrial Average up trades on Tuesday rose by 131.5 points (1.37%) - up to 9,731.25 points.

Standard Poor s 500 rose to 14.26 points (1.37%), amounting to 1,054.72 points.

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Nasdaq Composite Index rose by 35.42 points (1.71%) - up to 2,103.57 points.

In anticipation of the launch of corporate reporting U.S. indexes continued to rise
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