United States: the clouds dissipate, investors are set up on the Christmas weekend

By admin at 20 January, 2010, 11:10 pm

 

Tuesday, December 22, the U.S. stock market finished the trading session of moderate increases in the indices, with the strengthening dollar and weakening of the gold in the trading volume on the NYSE below average. The main factor that influenced the course of the session were released data on housing sales in the secondary market for November - an increase of 7,2% compared with October and turned out to be 4.6% better than the average of forecasts. However, investors chose not to draw attention to the disappointing final data for GDP.

External news background was moderately negative - UK GDP fell more expectations, the Swiss trade surplus declined. Rating agency Moody"s downgraded the credit rating of Greece at the same level as A1 to A2, but nevertheless, the news was received very positively on the background of what many were expecting a more serious consequences of the Greek financial crisis.

As a result of trading indicator of blue chips Dow Jones Industrial Average rose by 50.79 points, or 0.49% to a level of 10,464.93 points, the index is a broad market Standard Poor "s 500 rose 3.97 points, or 0.36% to a mark 1,118.02 points and the index of high-technology Nasdaq Composite has left in plus on 15.01 points, or 0.67% to 2,252.67 points mark.

Volatility Index CBOE VIX, an indicator fears Wall Street, reached a nadir more than a year and slipped below the critical mark of 20 points.

The favorable data on secondary market for November provoked a rally in the sector. All the major housing construction companies in the U.S. completed the session in positive territory, led growth has become KB Home, increased the 6,9% of market capitalization. Of the sector of foreign news can note the recommendation of Goldman Sachs to buy shares of British builders.

Boeing shares went up by 1.47% against the background of news that the company has increased its stake in Global Aeronautical in order to strengthen control over the release of the 787 Dreamliner.

In the high-tech sector, shares of International Business Machines have added around 1% against the background of news on the conclusion of a 10-year outsourcing contract worth $ 83 million Microsoft shares were added to about 1%, a small minus concluded the session by Intel.

Contracts Light crude oil for February delivery on the basis of trading on the NYMEX rose in price by 68 cents to a high of $ 74.40 per barrel, while December futures for gold on the COMEX fell $ 9.40 to at least $ 1,086 per troy ounce.

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