On Monday, the US stock indices went up at the end of the session due to the financial companies shares growth amid Dubai World announce, which slightly eased concerns about its debts problem extent. At the same time, the decline of retail companies stocks quotations, for example, Macy, limited the total growth of the American stock market on Monday. According to the trading results, Dow Jones Industrial Average index rose by 34.92 points or by 0.34% to 10344.84 points. The growth leaders became J.P. Morgan shares having climbed by 1.16 USD or by 2.8% to 42.49 USD, Bank of America shares having soared 38 cents or by 2.5% to 15.85 USD and also American Express shares, which advanced by 99 cents or by 2.4% to 41.83 USD. Standard & Poor\'s 500 index gained by 4.14 points or by 0.38% to 1095.63 points following the trading results. Nasdaq Composite moved up by 6.16 points or by 0.29% to 2144.60 points on Monday.
Despite the stock indices increase following the results of November, on Monday they turned out to be under some pressure on the back of the retail companies shares drop. The US sales became lower the forecasts at the previous weekend, at that, consumer spending on the average fell compared to the same period of the previous year signaling that, perhaps, the retail companies will have to pull socks up to obtain success during holiday season.
Regards,
analyst: Vladimir Donin.
