U.S. stock markets finished the auctions on Wednesday after an increase in the rise in stock quotations from Intel and JP Morgan, as well as record the weakening dollar and rising oil prices, reports Bloomberg.
As a result of the auctions the index Dow Jones Industrial Average reached a mark of 10,000 points for the first time since October last year.
Quotations of futures on Thursday morning showing a slight increase: December contract on the SP 500 was added 8:38 to 0,009%, and Dow Jones - 0,020%.
earlier reported that the Corporation Intel, the world's largest manufacturer of computer processors, up to the III quarter 2009 has exceeded forecasts of Wall Street: its net profit amounted to 33 cents per share, compared to an average forecast of analysts of 28 cents per share. According to Intel, the current quarter will also be good for her, and the company raised the forecast earnings for this period to $ 10.1 billion, plus or minus $ 400 million, though analysts gave an average forecast of only $ 9.5 billion
bank JPMorgan Chase Co. for the third quarter 2009 increased its net profit in 6,8 times. As reported in the press release of the bank, its net profit in July-September totaled$ 3.588 billion, or $ 0.82 per share, compared with $ 527 million, or $ 0.09 per share, received for the same period last year. JPMorgan Revenue rose to $ 28.78 billion from $ 16.088 billion analysts polled by Bloomberg, predicted a net profit of the bank at $ 0.51 per share on revenue of $ 25.13 billion Respondents Thomson Reuters estimated earnings on average of $ 0.52 per share .
Intel and JP Morgan - are the two leaders of the economy, so that if the largest producer of semiconductors and the largest bank record improved performance, it has a positive impact on the economy, - considers the chief judge for the Securities Market in the New York-based Federated Investors Inc. Philip Orlando.
In these reports growing share of high-tech companies and securities of the banking sector.
Intel shares went up by 1,7%, the paper's second-largest chip maker Advanced Micro Devices - by 2,8%. The company is expected to publish reports on October 16.
cost JPMorgan shares rose by 3,3%, reaching a record value for 12 months.
Following this increased share price Bank of America at 4.4%.
Quotations
Securities Wells Fargo Co. also increased, improvement was 4,3%.
message less significant than expected, reducing sales in the retail sector boosted shares of retailers.
Papers
Macy s increased in price by 5%, Nordstrom - by 2,5%.
Capitalization Harley-Davidson, the largest producer of motorcycles in the U.S. rose by 6,6%, after Wells Fargo improved the outlook for the company's shares to above market with at market.
rising cost of oil above $ 75 dollars per barrel in trading in New York has provoked increasing quotations oil companies. As leaders of growth - Exxon Mobil, the value of shares increased by 2,3%.
Index Dow Jones Industrial Average up to the auction on Wednesday rose to 144.8 points (1.47%) - to 10,015.86 points.
Standard Poor s 500 added 18.83 points (1.75%), amounting to 1,092.02 points.
value
Nasdaq Composite Index rose to 32.34 points (1.51%) - up to 2,172.23 points.
Increase
Dow Jones since the beginning of the year is 14.12%. SP 500 index added this year's 20,9%, Nasdaq - 37,74%.
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