HB NEW YORK. The Dow Jones index of the default values rose in the first minutes of trading by 0.1 percent to 11 197 points. The broader S & P 500 traded little changed at 1194 meters. The index of the Nasdaq lost 0.1 percent to 2531 points, however. "The trade is in line with expectations, but that could change with the decision of the Federal Reserve yet," said analyst Arthur Hogan, Jefferies and Co.
Also, positive data from the labor market supported the market. In the U.S. private sector in October created a surprising number of new jobs. A survey of private employment agency ADP, the number of jobs rose in the private sector by 43 000th Analysts surveyed by Reuters had expected only with an increase of 20 000. At the same time, the experts revised the figure for job losses in September, down.
Stockbrokers does not expect it, that this will influence the decision of the Fed. "The job market seems to be on solid ground, but this should not deter the Fed from further easing of monetary policy," said analyst John Canally of LPL Financial. "If the Fed decides measures, it is not based on these numbers." It is expected that the Fed will announce a new program for the purchase of government bonds.
On the corporate side, the quarterly figures from Time Warner were in the spotlight. The media giant could not build on previous successful movies like "Harry Potter and the Half-Blood Prince" and "Hangover." The profit fell in the third quarter by around a fifth to 522 million dollars and the stock was just under one percent.