HB NEW YORK. Shortly before publication of the highly anticipated figures of the aluminum giant Alcoa, the U.S. stock markets mixed gone from the market. While the Nasdaq profit taking after the 16-month high on Friday stressed, built industrials their profits on Monday after good economic data from China. After market close, Alcoa wanted to publish its quarterly results and usher in the traditional reporting season in the U.S..
The Dow Jones index of the default close with a gain of 0.4 per cent to 10 663 points. In trade the benchmark index between 10 591 and 10 676 jobs had been commuted. The broader S & P 500 Index gained 0.2 percent to 1 146 meters. The technology-laced Nasdaq Composite Index did, however, after 0.2 percent to 2 312 points.
At the start of trade had strong economic data from China, the hope for an end to the Great Depression made, Wall Street yet given rise. China’s exports in December were up 17.7 percent, which increased four times as strong as expected. The plus and imports fell 55.9 percent, almost twice that predicted by analysts like. The Beijing government also announced to want to hold on to their active business development to overcome the economic crisis for now. Market players believed this as a clear indication that the recovery will continue 2010th
The news of the revival of the Asian trade, among other things helped industrial stocks a boost, as well as their more expensive goods. For example, Caterpillar shares up 6.3 percent to put. Shares of Alcoa rose ahead of the quarterly report by 2.5 percent. Investors assumed that Alcoa has once again made a profit and earned six cents per share. A year ago, had been a loss of 28 cents per NAV per share in the books.
The market was focused on the quarterly reports, and especially on margins in the technology sector and retail, "said analyst Marc Pado, Cantor Fitzgerald & Co." We are somewhat dashed forward too much, "Pado dampened the hopes of investors in a positive reporting season. "Revenue growth will perhaps not be as strong as expected at this point in the economic cycle. The indecision of the market suggests, "said Joseph Battipaglia.
On Monday heavyweights like Apple, and Procter & Gamble recorded losses. Procter & Gamble fell 0.4 percent, following a demotion to the personal care and household sector by BMO. The shares of rival Colgate-Palmolive also gave way to 0.4 percent. Apple, given the profit-losing about 0.9 percent.
Among the winners were, however Chevron. The shares of oil giant rose by 1.8 percent. Citigroup had previously issued a buy recommendation for the value. The shares of McDonald’s recorded surcharges. They rose by 0.8 percent. The hamburger chain, Don Thompson has been promoted to chief operating officer (COO) of the company. Thompson was previously President of the Group in the U.S..
On the New York Stock Exchange, about 0.97 billion shares changed hands. 1 808 values laid, 1 220 gave way and 115 remained unchanged. On the Nasdaq closed on sales of 2.08 billion shares plus 1 307, 1 367 in the red and 121 unchanged.
To the U.S. credit markets, the ten-year government bond rose 01/32 to 96-10/32. They yielded 3.832 percent. The 30-year bond fell 12/32 to 94-08/32 and had a yield of 4.740 percent.