Home News Poor labor market data can be cold Dow

Poor labor market data can be cold Dow


HB NEW YORK. The major U.S. stock indices have gone on Friday despite a disappointing employment report, with slight fancy lapels from the market. The U.S. Federal Reserve will hold the light of recent developments probably even longer in its zero interest rate policy, market players said. In December, had the job cuts in the U.S. unexpectedly accelerated.

The Dow Jones Industrial Average gained 0.11 percent at 10 618.19 points. Comparison of the weekly index thus grew by 1.82 percent. The broad-based S & P 500 index rose 0.29 percent on Friday at 1 144.98 points. On the technology exchange Nasdaq presented the comprehensive composite index by 0.74 percent to 2 317.17 points. The selection index Nasdaq 100 0.85 per cent to win 1 892.59 points.

CocaCola slid after a negative analyst comment at the end of Dow Jones. The title of the soft drink manufacturer lost 1.85 percent to $ 55.15. JP Morgan the classification was reduced from "Overweight" to "Neutral". The Coca-Cola-Course was very little room for improvement, it was said to justify.

United Parcel Service (UPS) climbed after the company’s optimistic statements to 4.81 per cent to $ 60.17 upwards. The logistics group had increased from the previous quarter, its profit outlook. Both the U.S. and the international business had gone better than expected, Chief Financial Officer Kurt Kuehn founded to serve. Besides this, the strict cost management paid off.

Best Buy slipped from around 3.92 percent to $ 39.91. The electronics chain had reaffirmed its outlook for the current year only. Given the optimistic statements made by some industry colleagues recently had this disappointed investors, dealers said.

In NASDAQ 100 were Teva Pharmaceuticals at a premium of 4.40 percent to $ 59.34 for the best values. The generics manufacturer to double sales by 2015, more than. The proceeds of the world’s largest producers of so-called generic drugs are up to then lie with 31 billion U.S. dollars.

Palm jumped to 11.18 per cent to $ 12.43 upwards. The struggling handset manufacturer will distribute its smartphones in the U.S. through Verizon Wireless. Analysts said the deal could be the beginning of the return of Palm be in the profit zone.

On the New York Stock Exchange, about 0.99 billion shares changed hands.