The U.S. indexes took up uncertainly at the start of today’s session, as increases in DuPont and Exxon Mobile brought Dow Jones Industrial Average in positive territory for the year. Shortly after the beginning of the session showed that purchases of new homes in the U.S. rebounded from a record low level to which collapsed in May, which also supported the rise of quotations. Last week brought a volatile increases in the indexes, which found support in good quarterly results of several large American companies, despite concerns about the results of stress tests of European banks. They came on Friday and showed that seven of 91 tested banks do not have enough capital in case of a subsequent crisis. The index of 30 largest stock exchange and traded companies in the U.S. Dow Jones Industrial Average added 0.4 percent to 10 464.20 points and a half hours after the start of the session. Lead by the beginning of this year is 0.4 per cent. The broader S & P 500 added 0.5 percent to 1 108.63 points while the Nasdaq Exchange Nasdaq Composite index rose by 0.6% to 2 282.79 points. S & P 500 remains below the levels half a percentage point from the end of 2009 and the Nasdaq Composite was up 0.6 percent.
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The U.S. company Kraft Foods, which is the largest producer of food products in the U.S., please their shareholders with news that its profits had tripled in the last quarter of 2009, a primary source of this impressive growth is the increase in the volume of its sales in developing countries and the rise in the prices of its products forward AP. Its net profit increased to 710 million dollars, or 48 cents a share, in the last quarter of 2009 compared with a positive result of 178 million, or 12 cents per share for the same three months of 2008, Kraft Foods is the second largest food company in the world and one of the 30 largest U.S. companies entering the index of blue chip Dow Jones IA. Market Analysts forecast lower earnings per share from 45 cents. Kraft Foods sales increased by 3.2 percent annually to 11 billion dollars in the quarter in question, which was close to the projected revenue from the market. Company sales in Europe increased by 8% annually, while revenues from sales in developing countries have risen by 11 per cent. The company management plans to turn into Kraft’s largest producer of confectionery in the world. In January, Kraft Foods has been able to obtain the approval of the shareholders of British chocolate maker Cadbury to absorb the company against the amount of 11,5 billion pounds.
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