The US markets extended their gains yesterday after news that consumer confidence has risen above expectations and amid expectations that it starts to overcome the long continuing debt problems of Greece and Italy. The Dow Jones advanced by 2.3% to 12 170.37 points, led by shares of Disney, jumped 6.9 percent to 37.04 dollars after the company announced earnings exceeded analysts’ expectations, and advertising in its cable network increased and those of Merck, enhancing its value by 3.1% to 36.05 dollars. The index Standard & Poor `s won 2.1 percent in 1265, 54 points, and 10 subgroups, it registered a sharp rise led by banks. The Nasdaq Composite rose 2% to 2 676.46 points.
The Nvidia shares added 0.7 percent to its value after the chip maker published better results than the estimates, although expectations for annual earnings were slightly below forecasts, but those of Activision Blizzard dropped by 0.8 percent to 12 , 87 dollars, despite the announcement that the company’s new video game “Call of Duty: Modern Warfare 3″ has collected over 400 million sales revenue during the first day of trading.
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The rescue sale of the nearby deep crisis in Swedish automaker Saab in Chinese companies has weakened. The former owner of the company, the American concern General Motors, refused to supply parts. The Americans want to avoid getting their technology and know-how in Chinese hands.
“Although General Motors is open to continuing the delivery of engines and other components for Saab under appropriate conditions, we believe that the change of ownership of Saab carries serious risks for our shareholders and therefore disable its commitments”, said GM spokesman Jim Keane.
“GM will continue to license existing technologies and will discontinue the supply of car parts to the 9-4X Saab, if it comes to planned change in ownership”, clarified spokesman for the concern. Was possible only supply of parts such as engines, but subject to certain conditions. Saab 9-4X is based on the subsidiary’s SRX Cadillac. It assembles in Mexico. The resistance in Detroit is a heavy blow to efforts to save Saab. A little more than a week Chinese automaker Youngman and Pang Da dealer chain announced its intention to buy Saab from its previous owner – Swedish Automobile, 100 million.
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Uncertainty gripped the exchanges in the U.S. before the summit of leaders of the Member States of the European Union, which must be hammered plan to address the debt crisis in the Eurozone and after a handful of better-than-expected quarterly results of U.S. companies. Dow Jones won 0.8 percent to 11 797.52 points, led by shares of Boeing, which rose 4.9 percent to 66.82 dollars after the company s published quarterly profits exceeded analysts’ expectations and raised its forecast for year, and those of Travelers, registered growth of 1.9% to 57.43 dollars after the serious downturn in yesterday’s session. Index Standard & Poor`s 500 index rose by only 0.3% to 1 232.60 points, but the 10 subgroups, it is a green area, led by banks. Nasdaq lost 0.1 percent to 2 634.82 points. The investors took a breather after news that the Lower House of German Parliament has approved a proposal to strengthen the European Financial Stability Fund leverage, providing Chancellor Angela Merkel a mandate for negotiations on the summit in Brussels. The shares of Ford Motors dropped by 5.7 percent to 11.73 dollars after the company announced results exceeded forecasts but gave no sign it intends to pay dividends and those of Sprint slid 8.9 percent to 2.46 dollars after the company published a weaker sales in the third quarter and said it lost more subscribers than expected. The shares of Amazon fell by 11% to 202.08 dollars after the online shopping giant announced much weaker than expected forecast for the holiday season.
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Too many argues about whether consumer spending in the U.S. are resistant against the backdrop of gloom in which consumers have fallen, but a new study shows that this is more so. The consumers seem to believe that their own financial situation in order and believe that they are prepared for any economic difficulties, according to a study of Chase Card Services, conducted between 16 and 26 August with over a thousand respondents. About 60% of those polled said the economy will worsen, which was reflected in other studies, including a report on consumer confidence from the Conference Board today. He showed that consumer confidence in the U.S. in October reached its lowest level in 2 and half years, falling to 39.8 points from 46.3 points adjusted upward in September, while analysts polled by FactSet, expected average indicator of 47 points. But before you ask how long will it take before consumers who are definitely concerned about job and income, to start reducing costs, we must consider the following:
A study of Chase Card Services 63% responded that they have already changed their habits and consumer attitudes towards debt as a result of the economic situation. 77% believe they are at least somewhat financially prepared for a single hypothetical cost of 1500 dollars, while 66% feel that in general keep under control their financial situation.
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Most state index fell on Thursday, though managed to recover part of the accumulated losses at the beginning of the session, after technology companies grew in anticipation of the results of Google Inc. The heavy sales hit the financial sector after JP Morgan Chase & Co. announced disappointing data on profits in the third quarter. The S&P 500 Index fell 0.30 percent to 1204 points. Least among the 10 industry groups of the index presented financial companies with losses of 2.8%. Technology and telecommunications sector grew. The index has increased by 6% months after the close on Wednesday at levels of over 1,200 points for the first time in 3 weeks.
“It is quite normal when you reach the short peak to see some volatility before to test new levels”, said James Daly, investment director of TEAM Financial Asset Management. Nasdaq Composite Index rose 0.60 percent to 2620 points. After completion of the session is expected to announce Google profits from 8.74 dollars per share. Google is the third major U.S. company that announced their results this week.
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The U.S. markets ended the third consecutive session in positive territory after a late sprint, and rose three major indexes after better-than-expected data on new applications for unemployment benefits in the country and the statements of EU officials on efforts to recapitalize banks inspired buyers before the expected employment data tomorrow. Dow Jones industrial average advanced 1.7 percent to 11 123.33 points, led by shares of Bank of America, appreciated by 8.8 percent to 6.28 dollars, and those of Alcoa, appreciated by 5.4% to 9.88 USD. For the past three days the index has gained over 4%. Standard & Poor `s 500 index rose 1.8 percent to 1 164.97 points, and the 10 sector ended it in a profit led by the banking sector over the last three days growth is over 6%. Nasdaq Composite Index advanced 1.9 percent to 2 506.82 points, bringing his winnings to over 7% for 3 days of growth.
“I still react to the top titles – a relief that banks will be supported by the ECB, but it is a short response … and it looks bad news for financial institutions in the long run”, said Brian Betal, vice president of business affairs at Performance Trust Capital Partners, after earlier European Central Bank today announced that it will continue its program of buying bonds that will provide sufficient liquidity for banks in the euro area.
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The shares of the major U.S. stock indexes fell hard today at the opening session to resume because of fears that European debt crisis will grow, officials said. Dow Jones loses 0.9 percent to 10,893 points while the NASDAQ is getting worse by 0.64% to 2452 points. Broad-based S & P 500 declined by 0.82 percent to 1144 points. The dealers fear that Greece may declare insolvency and European politicians are divided over how to deal with crisis after German Chancellor Angela Merkel announced that the country will receive the next tranche of financial assistance until they fulfill their commitments to budgetary savings. The attention of investors shares fell McGraw-Hill Cos., Owner of the agency Standard & Poor’s. The company announced a package of measures to increase its value and will be divided into two separate, market quoted companies. So businesses, focusing on financial markets will be covered by McGraw-Hill Market, and the handlebars of this company will take Terry McGraw. The company currently operates in around 150 countries. As part of McGraw-Hill Education activities will remain a concern in education. In the current fiscal year is expected McGraw-Hill Education has turnover of around $ 2.4 billion. The shares of McGraw-Hill Cos. rose 2.4%.
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The US indexes fell sharply on Tuesday afternoon, accumulating losses for the third consecutive session, due to rising fears that the debt crisis in Europe will hit major banks in the region. The sale of the class shares admitted to shelter investment rather lower yield on state bonds to a record low. After the opening of the stock split with more than 300 points, around 21:00 GMT Dow Jones Industrial Average quoted around 11,064 points with a loss of 1.57%. All of the 30 components of the index in the red. Standard & Poor’s 500 index fell by 1.66 percent to 1154 points, the biggest drop among 10 industry groups of companies marked the index of the energy sector. Nasdaq Composite fell by 1.46 percent to 2444 points. The US indexes recovered some of their initial losses after the index for the service sector of the Institute for Supply Management unexpectedly rose to 53.3 points in August from 52.7 points in July. The banking sector in Europe was severely affected due to rising doubts about the readiness of Italy to adopt the necessary budget cuts.

The Americans also strongly condemn President Democrat Barack Obama as the Republican opposition on the economy and fears are twice as big after the publication of poor economic indicators. This study shows the Washington Post and ABC News. About 53% of respondents give a negative assessment of the actions of Bush and 77% believe the country is not going in the right direction. 35 percent think their financial situation has deteriorated during the presidency of Obama – the worst level of this indicator from the 1980s. On the question of the global economy 34% said that the President’s actions led to worse rather than improved the situation, and only 17% of the opposite opinion. The respondents were not spared and the Republicans, and 68% of them give a negative assessment of the actions of Republican representatives in Congress blocked the compromise on long government debt. Asked about their confidence to solve problems with the economy, employment and the federal deficit and the Obama Democrats are on par with a 40 percent confidence in all three areas. Obama will present their views on employment on Thursday before both houses of Congress. The recent data show that the U.S. economy has created new jobs in August and the unemployment rate remained at 9.1%. Another survey conducted by NBC News and Wall Street Journal gives similar results 14 months before the U.S. presidential election.
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