Stockbrokers on Wall Street: short-term data to determine what happened. Source: AP
HB NEW YORK. Supported by a weaker dollar the U.S. stock markets on Friday ended with gains from trade. Market participants justified the losses of the greenback to a media report that buying up the German Kreditanstalt für Wiederaufbau in an emergency measure bonds issued by the Greek state and heavily indebted to assist the country financially, in their might. A decision on this had not yet fallen. A spokesman for the German Finance Ministry declined to comment on the media report.
Nevertheless aroused speculation a purchase of Greek bonds by Germany again, the risk appetite of some investors, dealers said. Accordingly, they would have avoided the dollar as a relatively "safe harbor" and instead purchased shares. The economic data published in the course of trade, however, yielded no clear picture of the economic situation in the United States and dampened according to the price premium.
Insofar as the Dow Jones Industrial Average rose (DJIA) in the end only by 0.04 per cent to 10 325 points. In weekly view, this meant a loss of 0.74 percent. The broad-based S & P 500 Index improved by 0.14 percent to 1 104 points. On the technology exchange Nasdaq presented the comprehensive composite index by 0.18 percent to 2 238 meters. The selection index Nasdaq 100 moved up by 0.32 percent to 1 818 points.
Looking at the economic data, sales of existing homes last month, had fallen unexpectedly again. Furthermore, had the gloomier by the University of Michigan consumer sentiment in February raised slightly more than first determined. The purchasing managers’ index for the Chicago area this month, however, was surprisingly increased. In addition, the U.S. economy had gotten better in the final quarter of 2009 than initially calculated.
Favorite in the leading index were the titles of JPMorgan Which 3.27 percent to 41.97 U.S. dollars hinzugewannen. Papers Bank of America recorded an increase of 0.66 percent to $ 16.66.
Also in demand were the titles of the pharmaceutical company Merck & Co , Which rose by 0.85 percent to $ 36.88. U.S. President Barack Obama had met on Thursday at the "Health Summit" in Washington in an attempt to save his health care reform on deaf ears. This has a further positive impact on the Merck-Made papers, market players said. Investors feared that the proposed by Obama health care reform could reduce the profit margins of pharmaceutical companies.
Shares of American International Group (AIG) however, slumped by year decreased by 9.96 percent to $ 24.77. The state’s insurers collected continues to lose money. In the final quarter led mainly to the reorganization of the red: AIG reduces debt and risky assets – and also takes up a net loss.
Shares McAfee fell by 0.35 percent, to $ 39.69. The company that makes antivirus and computer security software wants to purchase an annual three-four companies and thus further accelerate the growth further. Furthermore, the shares lost drugstore chain Walgreen 2.17 percent to 35.24 U.S. dollars one. They suffered from the downturn in the economic climate.
Title of Gap however, prices were up by 5.44 percent to $ 21.50. The fashion chain, had surpassed the night before with her after the market closes submitted quarterly profit expectations of analysts.
Permits CKE Restaurants gained to 27.61 per cent to $ 11.37 even. Thomas H. Lee Partners, the investment company wants to take over the company for 928 million U.S. dollars, including debt. The shareholders of CKE should receive $ 11.05 per unit in cash.