Tag Archives: Dow Jones
Wall Street indexes finished the session without single direction, as Dow Jones rose with 0.13% to 16,983 points, S&P 500 added 0.03% to 1, 979 points and Nasdaq lost 0.1% to 4,445 points.
The strong growth in today’s session marked the shares of utilities – an average of 1.46%. Follow telecoms with an increase of 0.46%. At the other extreme are companies from the construction sector, as a sector sub-index fell 0.5%. The gold futures for delivery in August remained unchanged in today’s session on the stock exchange in New York amid geopolitical risks. The price per ounce was 1,303.3 USD.
The experts explained that the price changes are minimal because of pent-up demand in China and India – the leading markets of the precious metal in the world.
The US stocks closed with slight increases sluggish session at the start of the week amid mixed earnings reports and weaker than expected sales of existing homes. The index of 30 leading US companies Dow Jones is practically unchanged at a level of 15,546 points, the broader S&P 500 rose 0.2% to 1,696 points, while the technology-oriented Nasdaq rose 0.4% to 3 600 points.
“By next week there will be news from the Fed and the market will be driven by the season of the reports and news from Congress. Enduring auctions market can maintain current levels. To go up, you will need a good foundation”, said Brian Battle, vice president of trading at Performance Trust Capital Partners.
The gold reached a peak of nearly one year, breaking key resistance level of 1,322 USD per ounce, after concerns that the Federal Reserve will reduce monetary stimulus fade. The shares of gold mining companies rose, led by Kinross Gold, Yamana and Iamgold. The shares of the components of the Dow Jones McDonald’s fell 2.7% after the fast-food chain reported earnings and revenue disappointed after weak sales in Europe and Asia.
The major US indexes registered strong increases in today’s session, erasing some of yesterday’s losses, after a series of better than expected economic reports choked fears of credit crunch in China. Further relief filed comments yesterday by representatives of the US Federal Reserve that the impact on the stock markets of a possible shrinking of the stimulus programs of the central bank may not be as hard as you thought.
“Overall, people are still trying to assess the bigger picture in terms of the Fed and the moment will start shrinking”, said Joe Bell, senior analyst for the stock market in Schaeffer’s Investment Research. “In the long term, we think the market will take up, but we are in a transitional period in which there is a lot of uncertainty”, says Bell. “Whenever high growing and cyclical stocks start to lead, we think this is a good sign for the overall market. Even in an environment of rising interest cyclical handle a little better”, he added.
Dow Jones rose 0.69% to 14 760.31 points, led by shares of Verizon, which have added 2.7% to its value to 50.44 USD and that of Bank of America, increased by 3% to 12.67 USD.
The US stocks ended the first session with increases for the week as investors weighed weaker than expected economic data against potentially easing by the Federal Reserve.
“There are many signs of an economic slowdown, but do not know how this has affected the markets, since the actions of the Fed distorts everything”, said Joe Saluzzo from Themis Trading. “The investors need to be careful – a recovery in the market is not based on a solid foundation”. The index of 30 leading U.S. companies Dow Jones Industrial Average (DJIA) rose 0.9% to 15,253 points. S&P 500 rose 0.6% to 1,640 points, while the NASDAQ climbed 0.3% to 3,465 points.
The economic news of the day showed that manufacturing activity in the country unexpectedly shrank to 49 points in May, this is the first drop of 6 months after new orders fell, and demand for exported goods was less, according to the compilation by the Institute for Supply Management’s index. The expectations were for keeping the reported 50.7 points in April. The construction spending in April rose by 0.4% year on year by 861 billion dollars, said the U.S. Department of Commerce. Preliminary estimates, however, were for growth of 0.8%.
The U.S. stocks ended with modest minimum deviations session on Thursday as investors were hesitant against the backdrop of renewed concerns about eurozone economy and before tomorrow’s monthly employment data.
The index of 30 representative U.S. companies – Dow Jones Industrial Average (DJIA), slid 0.1 percent to a level of 13,060 points. The index of large companies S&P 500 also fell by 0.1% to 1398 points, and technology-oriented Nasdaq Composite rose 0.4% to 3081 points. For the week, however, the three indices recorded their biggest declines since the beginning of the year as follows: Dow Jones (-1,1%), S & P 500 (-0.7%) and Nasdaq (-0,4%). Tomorrow in the U.S. stock markets do not work for the Catholic Good Friday. The markets were under pressure all week after the minutes of the Fed’s last meeting showed that the heads of the central bank lowered the likelihood of a new injection of liquidity.
“The Fed is as flexible and do not think it will take something, unless the economy does not pull back,” said John Fox, manager of FAM Value Fund. “The economy, however, is on the right track: the last two elements of recovery – employment and housing sector showed signs of improvement”. The Fox expects corporate profits continue to grow throughout the year.
The US index closed little changed on Friday as the Dow Jones recorded the strongest growth weekly for 3 years against the backdrop of upbeat data on U.S. unemployment and uncertainty about the debt crisis in Europe. After an initial sharp increase in the publication of the report on unemployment indexes retreated from winning positions.
“Initial data were taken with euphoria, but the unemployment situation around is not yet determined, said Bob Phillips”, said a managing partner of Spectrum Management Group. The data on unemployment in the U.S. in November confirmed that “the economy, at least in the U.S. is doing little better,” says Brad Sorensen, an analyst at Schwab Center for Financial Research.
“The big unknown remains the Europe map. Not only is the debt crisis, but that Europe may fall into recession. Still do not know how this will affect the economy here”, says Sorensen. Dow Jones Industrial Average fell to 0.0051 percent to 12,019 points. Dow rose more than 7% for the week – the strongest weekly increase of 31st October 2008.
The major U.S. indexes today registered a deviation from the minimum levels, which ended the previous session, and with opposite signs, while investors my breath from yesterday’s rally. The Dow Jones fell 0.2% to 12 020.03 points, shares of Alcoa, fell 2.1 percent to 9.81 dollars and Travelers, lost 2.15 percent of its value to 55.04 dollars, gave a major contributor to adverse outcome. The shares of Boeing were on the other end with a growth of 3.3% to 70.98 dollars. The Index Standard & Poor `s 500 also retreated by 0.2% to 1 244.58 points, such as financial companies drew it down until finished with small technological gains. Shares of Yahoo rose in value by 3.3% to 16.23 dollars after a consortium involving Blackstone, Bain, Alibaba and Softbank began formal discussions on the offer worth 25 billion dollars to buy the company. Nasdaq Composite gained 0.2 percent to 2 626.20 points.
“It seems we took a small break before serious employment data”, said Ryan Ditrik, senior strategist at Schaeffer’s Investment Research, given the expected U.S. data tomorrow. “All in all, there were 2 steps forward and one back on the labor front”, added Ditrik.
The sale of shares in U.S. markets rose before the end of the variable session Friday, as investors were reluctant to remain on the market before the weekend amid concerns about global recession in addition to fears of debt crisis in the eurozone. All three major indexes have seen the worst 4-week decline since March 2009, S & P 500 has lost nearly 16% over this period. The shares technology companies were the hardest hit, such as Hewlett-Packard fell to 6-year low after falling by 20%, adding to the index of blue chips by about 45 points. Among the losers were shares of Caterpillar and IBM. The profit went gold mining companies, shares of Goldcorp and Newmont Mining increased its value by about 3%. The Dow Jones lost 1.6% to 10 817.65 points for the week as its general decrease is 4%. S & P 500 slid 1.5 percent to 1 123.53 points today, and by 4.7% during the week and the Nasdaq Composite fell 1.6% to 2 341.84 points, while his weekly loss reached 6.6%. The US dollar fell to record levels against the yen. The U.S. light crude oil price fell to 12 cents to 82.26 dollars per barrel, while oil-type “Brent” advanced 1.63 dollars to 108.62 dollars a barrel within a volatile session. The gold at one point exceeded 1,881 dollars an ounce, but ended trading at levels of 1,852 dollars an ounce.
The U.S. stocks ended the first session of the week with small decreases, withdrew from the levels reached after the news of the elimination of Osama bin Laden, as investors understanding the potential for terrorist attacks in retaliation. The index of 30 leading U.S. companies – Dow Jones Industrial Average (DJIA), is virtually unchanged (-0.02%) at a level of 12,807 points, S & P 500 slid 0.2 percent to 1361 points, while Nasdaq Composite fell 0.3 percent to 2864 points. Since the terrorist attacks against the World Trade Center on September 11, 2001 DJIA has risen by 34%, S & P 500 – by 25% and the Nasdaq – by 70%. According to the analysts of JPMorgan news of the death of bin Laden should be positive for stocks because it will cause more investors to enter the market. This is because his death means less risk in the world, and this success the U.S. should lift consumer confidence in the country. Also, safe havens in case of disasters, such as raw materials will become cheaper to shares, further encouraging capital at last. But not everyone agreed with this view. “The fact that Osama is a great get revenge, but markets ultimately reflect the profits of companies and the economy,” said Dan MakMaan, Director of Equity Trading at Raymond James.
The U.S. stock indexes failed to record increases in connection with the second year of the beginning of the bull market. Just the ninth March 2009 exchanges hit bottom, and then recorded significant increases, generating double the value of the broader index S & P 500. Today the index of blue chips in the U.S. Dow Jones Industrial Average lost 0.01 per cent minimum to 12 213 points. The broader benchmark S & P 500 slid 0.14 per cent minimum to 1320 points, and Nasdaq Composite delete half a percent and ended trading at 2,752 points. Just two years ago S & P 500 slumped to 667 points and now has close to 100% above this amount. This is the strongest growth in over two years from 1962 onwards. During this period companies index have increased its market capitalization by 6.2 trillion. dollars. And on Wednesday the main topic of the markets was tension in Libya, which again cause instability in the oil market. Because of the escalation of situation in the African country of Brent oil rose more than 2 percent during the day. The only economic data from U.S. today who are not key markets, showed that stocks of chains wholesale grew strongly by 1.1 percent on a monthly basis in January.