US stock indexes turned sharply to positive result
The U.S. stock indexes sharply changed the direction of movement and despite serious losses at the beginning of the session went green. With a major contribution to this was Goldman Sachs, which until it was the main factor causing the sale. Today’s session ended with a growth of 0.75 percent for the index of blue-chip Dow Jones Industrial Average, which reached 10,230 points. This is a significant upward to the fact that in early trade index slumped to 10,007 points. Objectives included 20 of the 30 companies in the index rose today. The broader S & P index added 1.14 500 percent to 1083 points and the index of companies by the exchange Nasdaq – Nasdaq Composite, rose 1.1 percent to 2222 points. Impulse that trigger positive sentiment was given by Goldman Sachs, which publishes an improved outlook for investment banking business in the sector. It includes good expectations of mergers and acquisitions, leading to positive News. Before this report, notably disappointing report of Goldman Sachs, which was saved from fall in profit 80 percent, was among the causes of stock decline. Shares of IBM fell 2.54 percent with the New York Stock Exchange after profit technology company beat second quarter estimates, but sales disappoint.
Shares of PepsiCo, however, rose 4.3 percent after the soft drink manufacturer announced that it expects increases to 13% profit for the year. The accounts showed the company’s 3 percent decline in its profit in the second quarter because of costs associated with the acquisition of two of its largest bottling companies. Thanks to them, however, sales of PepsiCo jumped 40% yoy.