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Categorized | USA Finances, World Finances

Growing on Wall Street

Wall StreetFriday’s trading session began with the U.S. increased for all three major indexes, after investor confidence that the economy will continue to recover, took precedence over concerns about Debt Crisis in Greece. On Monday begins a new season in the U.S. corporate financial results with the aluminum producer Alcoa for the first quarter of this year. The only economic data out today showed that stocks of finished goods to wholesalers in the U.S. rose more than expected in February to 0.6 percent on a monthly basis. Their increase in January amounted to 0.1 per cent. The increase in stocks of finished goods is a sign to reduce business costs in the future because chains wholesale are more likely to buy new goods when their stocks are exhausted. Index Dow Jones Industrial Average, which unites 30 largest stock companies and liquidity in the U.S. increased by 0.3% to 10 958.13 points an hour after the start of the session. Since the beginning of the week he was on the verge of psychological level of 11 thousand points, but unable to move. The broader S & P 500 added 0.2 percent to 1 189.06 points, supported mainly by energy companies and consumer sectors. Meanwhile, the main stock index, Nasdaq – Nasdaq Composite, also rose 0.2% to 2 439.71 points. Yesterday’s volatile session brought mild increases in the indexes after the best sales figures of some of the largest chains of retail in the U.S. in March. They managed to offset the news of the increase in new applications for unemployment benefits last week.
The U.S. Dollar cheaper against the euro, British pound and Swiss franc, and the price of oil rose by 0.6 percent to 85.94 dollars a barrel. One ounce of gold traded vs 1 554.95 dollars, which is 0.4 percent above yesterday’s levels. The yield on 10-year U.S. government bonds rose by 1 basis points to 3.92 percent.

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