Main Quotes Calendar Forum
flag

FX.co ★ The U.S. stock market review

parent
Forex Analysis:::2009-08-28T13:30:15

The U.S. stock market review

The USA stock indexes closed with a growth on Thursday.

Dow Jones Industrial Average index closed with increase the eighth sequent trading session, rose by 37,11 points or 0,39 %, to 9580,63 points. It is the longest period of growth since 10th April, 2007. Boeing shares which raised in price by 4 dollars or 8,4 %, to 51,82 dollars became the leader of growth at Dow.

Standard and Poor\'s 500 grew following the trading results by 2,86 dollars or 0,28 %, to 1030,98 dollars. The industrial companies gained by 0,8 % and financial – by 1 %. Nasdaq index increased by 3,3 point, or 0,16 %, to 2027,73.

As to the financial companies their last week growth in part was caused by closing of short positions. Also there is an increase of interest to short positions in financial sector against improvement of economic indicators this week. Some investors consider that the deterioration of economic situation is expected, and that the financial companies, possibly, become leaders of descending trend.

Citigroup shares grew by 42 cents or 9,1 %, to 5,05 dollars. Fannie Mae shares rose by 7 cents, or 3,8 %, to 1,92 dollars. Freddie Mac shares up by 21 cent or 10 %, to 2,24 dollars. Bank of America shares raised in price by13 cents or 0,7 %, to 17,92 dollars. In combination they made almost 38 % from the total amount of NYSE Composite index trading on Thursday. During last week shares of these companies kept above 30 % from the total amount of trades. Toll Brothers Inc. losses are 500 mln dollars in May-July. The council chief and the general director of the company Robert Toll expressed certain optimism concerning Toll Brothers prospects, specified the growth of signed contracts volume, increase in orders portfolio, decrease in orders cancellation and rise in house prices m/m. The company’s share quotes lost 2,1 %.

Microsoft Corp. announced the prices drop on Xbox 360 Elite by 100 dollars to 299,99 dollars since Friday, on Xbox 360 Pro by 50 dollars to 249,99 dollars. Sony Corp. reduced the prices on PlayStation 3 by 100 dollars about week ago. The company also informed of new, thinner model of their game-device launching in September.

The Wall Street Journal provides the information that Apple Inc. (AAPL) will soon launch iPhone devices in China.

Nevertheless, from the investment point of view many stock market participants continue to show discretion concerning the shares of the financial companies.

DJIA

The U.S. stock market review

Nasdaq Composite

The U.S. stock market review

S&P500

The U.S. stock market review

Kind regards,

Analyst: Vladimir Donin.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...