FX.co ★ The U.S. stock market review

Prior to the publication of the key indicator of the USA labor market condition on Friday, shares of the large industrial companies helped share indexes to grow following the trading results on Thursday, thus the banks’ shares showed the impressive growth.

Dow Jones Industrial Average rose by 63,94 points or 0,69 %, to 9344,61 points. Standard and Poor\'s 500 ticked up by 8,49 points or 0,85 %, to 1003,24 points, and Nasdaq Composite jumped by 16,13 points or 0,82 %, to 1983,20 points.

Session started with the publication of slightly disappointing unemployment dole data and activity in the USA services field. However, during the session investors preferred to ignore this data and sharp growth prior to the employment report publication helped stock indexes to close with increase.

To reduce the effect from the data published in the morning also helped more favorable, than it was expected, reports on the comparable sales, received from the retail networks. Target shares grew by 80 cents or 1,7 %, to 47,07 dollars, Costco Wholesale shares – by 4,34 dollars or 8,6 %, to 54,99 dollars, and Gap share – by 1,49 dollars or 7,6 %, to 21,18 dollars.

The next wave of the some luckless financial companies growth also helped the stock indexes. Papers Citi ticked up in price by 21 cent or 4,6 %, to 4,77 dollars, and AIG shares raised by 3,80 dollars or 10 %, to 41,75 dollars.

Caterpillar shares surged up by 1,53 dollars or 3,5 %, to 45,04 dollars, and General Electric shares up in price by 25 cents or 1,9 %, to 13,45 dollars.

Best regards,
Analyst: Vladimir Donin