Financial Communique » Nasdaq

US Indexes closed with decrease

Viliyana Filipova — Thu, 24 Jun 2010 21:28:13 +0000

The U.S. shares lost positions in the last hours of trading stock on Thursday, with unsatisfactory results dragged down shares of companies trading in consumer goods, while the energy sector has suffered due to uncertainty about the moratorium on drilling for oil in deep waters. Standard & Poor’s 500 has made a loss for the fourth straight day – the longest red index series for seven weeks. S & P 500 fell 1.68 percent to 1074 points. Nasdaq Composite lost 1.63 percent to 2217 points. “The mood of the market is bleak,” said Steve Sosnik, strategist Timber Hill LLC / Interactive Brokers Group LLC. “The feeling is not good, and the reason is not just one article or adopting a new law. This is a disease, “he added. Dow Jones Industrial Average lost 1.41 percent to 10,153 points. J.P. Morgan Chase and Bank of America lost their positions in anticipation of new details about the legislation governing the financial sector, which is expected to agree the Senate and Congress in Washington. The new law is likely to tighten control over the financial sector more than analysts expected. Lawmakers have agreed on new capital requirements for banks that will have a five-year grace period. According to a clause proposed by Congress, the White House administration will be able to levy any bank that failed to repay the Federal Reserve rescue packages for granted during the financial crisis.
However, representatives of the Senate said they would reject a proposal to Congress that would make the big banks to pay for the losses of mortgage giants Fannie Mae and Freddie Mac. Investors will remain cautious until the finalization of the new law. Shares of energy companies also fell because of uncertainty surrounding the moratorium on drilling for oil in the deep shelf of the U.S. coast.

Good quarter reports did not impressed Wall Street

Viliyana Filipova — Thu, 15 Apr 2010 21:33:23 +0000

Friday’s session began with reductions for the main indexes of Wall Street, although two of the companies in the Dow Jones IA – General Electric and Bank of America, announced better than expected financial results for the first quarter. Data on housing in the U.S. in March, which came out before the start of the session also proved to be much better than forecasts. However, the index of the 30 largest stock exchange and frequently traded companies Dow Jones IA decreased by 0.5% to 11 093.33 points and a half hours after the start of the session. The broad measure of stock S & P 500 lost 1 percent to 1 200.61 points and the index of companies by the exchange Nasdaq – Nasdaq Composite, decreased by 0.8% to 2 496.73 points. Session on Thursday brought minor changes to the index after three disappointing news for initial unemployment and industrial production. Shares of industrial conglomerate General Electric dropped by 2.4 percent to 19.03 dollars on the New York Stock Exchange after the company reported 18 percent drop in profit for the first quarter to 2.3 billion dollars, or 21 cents a share. Analysts had expected a smaller profit per share of 16 cents. The largest U.S. bank Bank of America, in turn, said it issued a profit of 3.2 billion dollars for the first three months of the year, or 28 cents a share. This was three times more than market forecasts, but shares of the bank dropped by 3.6 percent to 18.75 dollars on the New York Stock Exchange.
Even more cheaper shares of Google stock on Nasdaq, although the company reported 38 per cent rise in profits to 1.96 billion dollars or 6.06 dollars per share. Shares of online search giant dropped by nearly 6 percent to 561 dollars per share. Good financial results of the three companies and housing data for March were overshadowed by the decrease in consumer confidence index of the University of Michigan. Its value is unexpectedly dropped to 69.5 points in April to 73.6 in March, which is a sign of worsening economic sentiment of households.

Hard increase of US indexes

Viliyana Filipova — Wed, 31 Mar 2010 12:52:08 +0000

The latest this week in the U.S. trading session began with strong increases in three major indexes, after earlier today showed that initial unemployment in the country has fallen to its lowest level in 19 months, while factory activity in the sector reached its highest point for six years. The index of 30 largest and most traded companies in the Dow Jones IA U.S. rose by 0.7% to 10 396.82 points one hour after the start of the session. The broader S & P 500 advanced by 0.8% to 1 179.14 points and Nasdaq Exchange main index Nasdaq Composite, meanwhile, added 0.7 percent in value to 2 415.13 points. Stock optimism today was supported by data on the labor market, which showed that the planned redundancies reduced for the 13th consecutive month in March, and new applications for unemployment benefits fell to its lowest level since August 2009 here. The number of long-term unemployed Americans is also reduced. Finance Minister of the United States, however, warned in a television interview today that unemployment in the U.S. can remain “unacceptably high” for an extended period of time. He stated that at this stage, the country can not afford to reduce its budget deficit at the expense of supporting the economy forward CNBC. Even better were the data after the start of today’s trading session, which showed that U.S. factory sector recover more quickly from the crisis. The index, which monitors business activity in it, rose for the eighth consecutive month in March and reached 59.6 points to its highest level in six years.
Earlier today it became clear that activity in the manufacturing sector in Australia, China, Britain, Japan, Switzerland and the euro area is also growing in March and it faster than expected. The news supported the hopes that the gradual recovery of world economy will continue this year. Yesterday’s session brought three index decreases after it became clear that cuts in the U.S. private sector grew unexpectedly in March. However, the quarter brought a 4.1% rise in Dow Jones IA, while the S & P rose 4.9% and Nasdaq Composite rose the most, after record quarterly growth of 5.7 per cent.

US indexes dropped from Friday results

Viliyana Filipova — Mon, 08 Mar 2010 15:40:49 +0000

Lack of important economic data in the early weeks of the new exchange led to the tentative start of today’s session on Wall Street. All three major indexes found themselves in positive territory in early trade but shortly thereafter changed direction and gravitate around the neutral zone. Dow Jones Industrial Average, which brings together 30 most actively traded stock in U.S. companies with the highest market capitalization remains unchanged at 10 570.51 points by one hour after the start of trade. Broader index S & P 500, meanwhile rose by 0,1 percent to 1 138.68 points. On the Nasdaq stock exchange, however, the main Nasdaq Composite index rose by 0.2% to 2 330.15 points, which is its highest level since early September 2008, technology companies are among the most profitable today, but those in the health sector is ranked among the top losers in the trade. The last session last week led to significant increases in the indexes after the data on the labor market showed that unemployment in the United States remains at a level of 9.7 percent for the second consecutive month in February, but the cuts in non-agricultural sectors of the economy fell more than expected. Trading last week was volatile because of the key data on employment in the sectors of U.S. economy and may continue to be volatile in coming days and because of scarce economic data.
The Shares of AIG risen by 5.3 percent to 29.56 dollars as the reason for this given the news that the U.S. insurance company will sell its international life assurance unit Alico for 15.5 billion dollars. Buyer in the transaction will be the largest U.S. life insurance company MetLife, whose shares Increase 4.3% to 40.61 dollars on the New York Stock Exchange. Meanwhile, oil prices rose by 0.4 percent to 81.83 dollars a barrel, while gold cheaper by 0.6% to 1 125.20 dollars an ounce. The yield on ten-year U.S. government securities decreased by one basis points to 3.71 percent of the market in debt securities.

U.S. indexes sank after the Fed’s extraordinary move

Viliyana Filipova — Fri, 19 Feb 2010 18:14:46 +0000

The three main stock indexes in the U.S. I found myself in negative territory at the beginning of the last session of the week for Wall Street, after Federal Reserve unexpectedly raised interest rates on loans which commercial banks in the country. Investors took that as a sign of recent increases in base rate in the U.S. and opted to take a cautious stance. The index of the 30 largest and most traded stock companies, Dow Jones Industrial Average falling by 0.1% to 10 383.68 points and a half hours after the beginning of the session. Broader index S & P 500 gave up 0.1 percent to 1 105 points, mainly because of reductions in financial, energy and extractive companies. On the Nasdaq Stock Exchange main index Nasdaq Composite lost 0.2% to 2 236 points. Previous three sessions brought to the state index increases because of the good data on housing and factory sector. The encouraging financial results of the largest PC maker in the world also Hewlett-Packard stock increased optimism. The surprise Fed decision, announced after the end of the session on Wall Street on Thursday, dipped indexes in Asia and Europe today.
Before the start of trading today showed that U.S. inflation remains low at the beginning of this year. The consumer price index rose less than expected by 0.2 percent on a monthly basis in January. The main consumer price index reported its first monthly decline since 1982, suggesting that the risk of occurrence of high inflation in the country so far remains low. Shares of Dell cheaper by nearly 8 percent to 13.31 dollars per share on the stock exchange Nasdaq, after the third largest PC vendor in the world, reported a decline in profits for the last quarter of 2009, although the sales revenues are increased by 16% yoy. Over the past 12 months, Dell market capitalization grew by 64 percent to 26 billion dollars.