New York. The trading session was opened with a gap up, Dow Jones will crack during the day, the 10 000 mark.
February 7th, 2010
Yesterday's U.S. session at the leading American stock markets began with a 1% percent gap.
High on the buy list in the first minutes of trading, the shares of chip maker Intel rose with an increase of 3.02%. Am 13.10. put the company to be equally open to the consolidated financial statements for the third quarter. The net profit amounted to 1.9 billion U.S. dollars (33 cents per share), compared with $ 2.01 billion (35 cents) a year earlier. The results were well above analysts' expectations that a profit of 28 cents per share forecast.
Significantly better than the market saw in the first minutes of trading, the shares from the banking sector. Before the meeting, JP Morgan & Chase reported as part of
the Dow Jones Indexes, his report for the 3rd quarter. The financial statements of the Bank was also well above the forecasts of analysts, 82 cents per share versus the expected 51 cents. Revenue was also better, reaching a value of $ 28.8 billion from an expected $ 25.13 billion. After such positive information to share by JP Morgan rose 2.58%, the share of Bank of America - to 2.64%.
It looked really good even with the Group Cisco Systems, after its offer to purchase in the amount of Starent Networks announced 2.9 billion U.S. dollars. The shares of Du Pont and General Electric rose 2.55% and 2.26%, the oil companies Chevron and Exxon Mobil - to 1.07% and 1.02%.
In the course of the trading day, the index of "blue chips" Dow Jones industrial average cracked the first time in more than a year, the 10,000 point mark.
As a result of increased trading, the index of "blue chips" Dow Jones Industrial Average by 144.95 points, or 1.4% to 10,016 points. The index S & P 500 ended with a rise of 18.83 points, or 1.7%, closed at around 1092 points. "High tech" Nasdaq Composite closed with a growth of 32.34 points, or 1.5% at around 2172 points.
The optimism of investors have significantly increased and positive economic data.
The volume of retail sales in the United States in September 2009 decreased by 1.5% over the month of August and amounted to $ 344.7 billion this year, retail sales fell by 5.7% in the U.S., said on Wednesday The U.S. Department of Commerce. Nevertheless, these data were better than expected: for example, analysts polled by Market Watch had been in September, a decline in retail sales expected at 2.3%.
Also, oil prices have supported the rally on Wednesday and rose above $ 75 per barrel due to the optimistic reports from U.S. companies.
Supportive to the oil market continued to contribute a weak dollar.
At the end of trading on the NYMEX rose the November futures for petroleum of mark WTI at $ 1.03 to $ 75.18 per barrel.
Tags: analysts, of Bank, the financial, the Oil Market