The US trading sessions closed with a stock indexes decrease on Friday. The Burlington Northern Railroad’s weak forecast provoked the increase of fears regarding the demand for traffic and the economy prospects as a whole. The Microsoft and Amazon.com reports, conversely, were quite hopeful, that supported the stocks quotations of the technological sector companies.
All three major stock indexes closed the week in a negative zone, whereas they were moving upward following the results of two previous weeks. The DJIA came down below the psychological important level of 10000 points by the session closing. Following the trading results the DJIA lost 109,13 points or 1,08%, to 9972,18 points. It is the most significant decline of this index since October 1st. The index has sliding by 23,73 points or 0,24% for a week.
The leader of decrease among the DJIA components became the American Express shares. Their value dropped by 1,86 dollars or 5,1%, to 34,58 dollars. The company’s profit report for the 3rd quarter was above the analysts’ expectations. Microsoft also attained the profit higher the expectation. The company’s shares upturned by 1,43 dollars or 5,4%, to 28,02 dollars. Hewlett-Packard shares rose in price by 0,24 dollars or 0,5%, to 48,56 dollars. Following the trading results the shares of only two this companies rose on Friday among the DJIA estimate basis.
S&P 500 decreased by 13,31 points or 1,22%, to 1079,6 points, and by 8,08 points or 0,74% on week. Nasdaq lost on Friday 10,82 points or 0,5%, to 2154,47 points, and on week – 2,33 points or 0,11%.
Amazon shares moved upward by 25,04 dollars or 27%, to 118,49 dollars. The sales and profit of the company following the quarter results exceeded the analyst’s expectations.
The shares of CA Inc fell in price by 2,3 dollars or 9,6%, to 21,61 dollars. The software supplier reported about the profit upturn in the 2nd quarter by 7,9% owing to the expenses reduction. The volume of the company’s orders was lower the analysts expectations.
Broadcom shares dropped by 2,23 dollars or 7,3%, to 28,5 dollars. The microchip producer’s profit declined by 49% due to the falling of sales and profitability. The company has released a conservative forecast for the current quarter.
The shares of Capital One Financial went up by 2,62 dollars or 6,8%, to 40,95 dollars. The company unexpectedly announced the profit growth in the 3rd quarter by 14% because of the income increase and the tax rate cutting. However, reserves for defrayment of the credit losses rose.
Best regards,
Analyst: Vladimir Donin.
