FX.co ★ Stock market of the USA

On Friday, the American stock indexes rose by the end of the day and week. Procter & Gamble shares supported the consumer sector. Dow Jones Industrial Average Index ticked up by 35,98 points or by 0,37%, to 9820,20 points. The index increase was fixed following the results of 9 sessions among 11. During the week the index climbed by 214,79 points or by 2,24% mostly due to positive estimation of economic recovery prospects.

The biggest Friday growth was witnessed in the consumer sector. Procter & Gamble shares moved up by 1,79 dollars or by 3,2% to 57,32 dollars. Citigroup raised the company shares rating to «buy» from «hold» expecting more agressive policy of the Executive Board.

Standard & Poor\'s Index jumped by 2,82 points or by 0,26% to 1068,30 points, gaining 25,57 points or 2,45% in followup of the week.

Sara Lee shares price increased by 58 cents or by 5,7% to 10,68 dollars, Home Depot — by 31 cents or by 1,1% to 28,23 dollars.

Nasdaq Composite grew by 6,11points or by 0,29% to 2132,86 points. For the week the index had risen by 51,96 points or by 2,5%. Nasdaq closed on the upside the second sequent week.

Recent stock indexes growth is partly caused by investors transferring their funds from safer to more risky currencies. The players are not too worried about that the economic condition has not changed significantly for the last couple of weeks.

Regards,

Analyst: Vladimir Donin