The US trade ended with the fund indices growing backed by material producers and technology sector stocks. Dow Jones Industrial Average settled slightly up 10.05 points, or 0.10%, to 10012.23 points. Nasdaq Composite was up 15.69, or 0.74%, to 2141.12 points. Standard & Poor’s 500 was up 3.08, or 0,29%, to 1066.19 points.
Cisco Systems stocks were higher by $0.54, or 2.3% to $23.70 due to its positive quarterly report. Intel grew by $0.45, or 2.4% to $19.47. The raw material producers’ funds were up on the general economic indicators. As US Department of Labor reported on Friday, the unemployment rate decreased in January to 9.7% from 10% in December. The economists made forecasts the indicator to grow up to 10.1%, instead. The US Federal Reserve also reported, that the consumer credit in December was decreasing 11-th consecutive month. The shares of Alcoa grew by $0.27, or 2.1% to $13.18. Boeing stocks ended lower by $0.92, or 1.6%, to $58.40 on fears that the unstable financial situation in Greece, Portugal and Spain could result in weaker global demand. During Friday Dow Index quoted even below 10000 points level hitting the day\'s min at 9835 points. But by the session closing the trade moved in positive range. Most likely, the institutional investors got involved in active buying, together with index and hedge funds. Besides, the crude oil price turned to be higher after the fall during the last week, though the oil futures failed to break the down trend of the week and closed lower.
Sincerely
V.Donin, analyst.
