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Bank stocks drag indices into the red

HB NEW YORK. The Dow Jones index of the default values last lost 0.4 percent to 11,402 points. The broader S & P 500 fell 0.3 percent to 1222 points. The index of the Nasdaq in positive territory tended very thin at 2580 points. In Frankfurt, the DAX closed nearly unchanged at 6751 points.

In the long term should not the stronger U.S. currency trade dominate, "said Peter Jankovskis of Oakbrook Investments. The New York stock markets had been painted for five weeks following gains and move up a level since the collapse of Lehman Brothers no longer achieved.

Among the stocks that were in the minus, among JP Morgan Chase with a loss of 0.7 percent and 0.6 percent with American Express. Reason could be the Fed plans to keep interest rates near zero, which is seen as damaging to financial institutions. In addition, many banks still have bad loans on their books, "said Bruce Bittles investment expert from the asset manager Robert W. Baird in Nashville.

He expects that financial stocks have not grown as much as technology companies. Among the winners in this industry was one of Apple on Monday with a gain of 0.6 percent.

Dealers suspected as the reason for the losses in the S & P also the rapid development in recent weeks: The index rose five weeks in a row and nine of the past ten weeks. Some of the industries in the index are valued now overbought. Most experts think the trend however, continue to intact.

The Internet company AOL, meanwhile, reviewed a report by the Wall Street Journal, according to the possibilities for a merger with rival Yahoo. AOL papers increased by 1.3 percent, Yahoo’s shares became more expensive by 0.7 percent. Intel benefited from a promotion. The shares rose by 0.4 percent. McDonald’s shares reported by 0.6 percent. The world’s largest fast-food chain had reported a sales increase of 6.5 percent in October in the world’s existing branches.

Wall Street set to gain

HB NEW YORK. After very busy week on Wall Street but should first of all return to a bit quiet. The end-reporting season and the few economic data available in the new week on the calendar will bring according to estimates by analysts almost no movement in the market. In the past week, the U.S. Congressional elections, a new monetary policy easing by the U.S. Federal Reserve (Fed) and the U.S. labor market report, the stock had held its breath. To the surprise of many experts, the U.S. stock markets had failed to respond to falling prices. Now, many rely on further gains.

"Some alternatives to securities such as bonds or cash now appear less attractive, which should spur further investment in stocks," says investment expert Bill Luby. Fed Chairman Ben Bernanke on Wednesday had said after the rate-setting meeting that there would be in the U.S. for a long time extremely low interest rates. This should according to experts at creating incentives for borrowing and to make riskier investments more attractive. Edward Hemmelgarn of Shaker Investments praises the policy of the central bank as stringent, "The Fed turns the money supply on continuous resistance for the psyche of investors is more important than the big hit.."

Some analysts also see signs of setbacks for U.S. exchanges. The experts of the Bespoke Investment Group, according to the recent rally has led to important indices and individual sectors were asked at short notice is extremely strong. Therefore, it could therefore also lead to a consolidation. Robert Jones Trading Zavell expected but no great shock: "Is it possible that we are seeing every day from now until the new year gains I do not think every day, but you never know?" Said Zavell.

On Friday, the Dow Jones index of the default values by publishing an encouraging employment report, with an increase of 0.1 per cent to 11 444 points was gone from the market. The broader S & P 500 put on 0.4 percent to 1226 points. In the coming week will show whether the stock index may jump over the psychologically important mark of 1228 points. The index of the Nasdaq closed on Friday at a premium of 0.1 percent to 2579 points.

While in Germany pending a flood of figures, in the U.S. runs from the reporting season. Companies like Cisco, MBIA, and Walt Disney are yet to announce quarterly results.

Financials dampen the mood

HB NEW YORK. The Dow Jones index of the default values listed 0.1 percent lower at 11,421 points. The broader S & P 500 rose to 0.1 percent in 1221 meters. The index of the Nasdaq tended unchanged at 2576 points.

Earnings were trading on Friday by a strong decrease of 2.3 percent in the share of U.S. insurer AIG. For the financial crisis almost collapsed Institute on no land in sight. Burdened by costly sales tax items and amortization of goodwill in the third quarter was a loss of 2.4 billion dollars.

On the sales list with a decline of 2.7 percent were also US-traded shares of HSBC. Europe’s largest institution for the current year but reported profits well above the previous year. In capital markets, the Bank receives, however, the subdued mood felt in the markets. The trading revenue in investment banking were in the last quarter are less than a year ago.

Limited the losses on Wall Street but by a surprisingly improved situation in the U.S. labor market. The number of employees rose unexpectedly outside of agriculture by 151 000 – on the market, only 60 000 new jobs were expected. In particular, employers in the private sector increased their workforces on strong. That made a reduction of 8,000 jobs in the public service more than necessary. At the same time the data for the past few months have been revised upwards. The unemployment rate in October but already the third consecutive month at 9.6 percent.

Shares of coffee chain Starbucks gained 2.9 percent. The company has increased by a surprisingly high profit in the previous quarter’s forecast for fiscal 2011.

U.S. investors are cautious before Fed decision

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.

Wall Street started in the plus

HB NEW YORK. The Dow Jones Index rose 0.5 percent to 11,168 points. The U.S. technology exchange Nasdaq gained 0.6 percent to 2521 points. The broader S & P 500 Index rose 0.5 percent to 1189 points.

The Fed announces its decision on Wednesday evening (GMT) after two days of deliberations. It is generally expected that they will once again announce Bond purchases. The job dampened misery under which the buying mood of U.S. consumers. In September, the expenditure so laid only 0.2 percent the previous month.

Economists had expected an increase of 0.4 percent. Half an hour after the start of trading should also data on Bausaugaben and the U.S. purchasing managers’ index will be published to the industry.

Shares in the indebted U.S. bond insurer Ambac reported shortly after the market launch by more than 50 percent to 0.40 dollars. The company had previously indicated that it is still not close before the end of an application for creditor protection should fail, talks with creditors on a plan for a rapid pre-bankruptcy debt.

The title of Intel put about two percent to $ 20.54. Previously, the world’s largest chip maker had said that to make chips for the startup company Achronix Semiconductor.