The report indicating the slowdown of the USA non-farm workplaces number reduction, published on Friday, favorably affected the shares of industrial companies, including General Electric and Caterpillar. Because of that, the American stock indexes closed positively though following the results of a week losses were fixed.
Dow Jones Industrial Average index grew by 96,66 points or 1,03 %, to 9441,27 points on Friday. Standard and Poor\'s 500 index rose by 13,16 points or 1,31 % to 1016,40 points on Friday, but lost 12,53 points or 1,22 % on week. Nasdaq Composite ticked up by 35,58 points or 1,79 %, to 2018,78 points following the results of Friday and decreased by 9,99 points or 0,49 % on week.
The market was under the influence of discrepant signals about economy prospects during last week. Decrease of the USA workplaces number was not so considerable, as it was expected, but the reports, published earlier last week, still indicates the weakness of USA labor market. The significant fall of indexes was fixed on Tuesday, when Dow lost more than 180 points.
Besides the industrial sector, growth of the technological companies’ shares was observed. Stock quotes of the companies in this sector showed very good dynamics since March of this year, but last two months they were backward the market. The growth impulse in this sector renewed with the appearance of merge and takeover deals last week.
Best regards,
Analyst: Vladimir Donin
