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Opening of trading session on Friday, on 1-st of September, was marked by powerful jerk of key share indexes.
The reason of their growth, in analysts’ opinion, became good economic indicators, which were published before the beginning of the tenders.
Let's remind that the new payrolls in August increased 128 000, that is in line with forecasts. Thus the unemployment rate decreased from 4,8 % to 4,7 %, also having confirmed expectations.
And the hourly average wages have grown on 0,1 % up to $16,79 at an o'clock, having appeared below predicted growth in 0,3 %.
And such parameter as activity in sphere of production, according to the economic report, decreased a little in August to 54,5 % from July 54,7 %. Economists forecast value of the indicator at a level of 54,7 %.
From corporate news it is necessary to note growth of papers of pharmaceutical companies Bristol-Myers Squibb Co. and Sanofi-Aventis, which added 5,5 % and 0,9 %, accordingly.
The reason of their growth was the decision of federal judges, which blocked an opportunity of sale of analogues of the medical product Plavix.
A reaction of the market to the information on plans of the largest manufacturer of chips Intel Corp. about reduction of staff of employees by 10 thousand - 20 thousand in the near future, was unexpected by some investors.
Contrary to expectations of some investors the market apprehended positively this news, and by the end of trading session shares of the semi-conductor giant grew +1,6 %, or $0,31 up to $19,88 for a share.
Besides among leaders of Friday growth there were shares of steelmaking and iron -extractive companies. So, Carpenter Technology papers rose in price 4,11 %, and Allegheny Technologies shares added 4,57 %.
U.S. Steel shares also added in price, were up 2,3 %. And Nucor papers grew 1,6 %. Besides Ipsco and Steel Dynamics shares added 3,62 % and 3,20 %, accordingly.
The market was also supported by the growing VimpelCom shares, which rose in price of +6 %, or $3,27 up to a new historical top of $57,59. We remind that before the beginning of the tenders the Russian provider of telecommunication services informed on results of the second quarter.
So, the proceeds were up 45,7 % to $1,12 billion. And the company’s profit, at average forecasts of analysts of growth for 93 cents, increased 23 % and made 96 cents on the for a share.
As a result Dow-Jones index of New York stock exchange grew 83.00 points and was closed at a level 11464.15. NASDAQ index was up 9.41 points and is at a level 2193.16. S&P 500 index rose 7.19 points and is at a level 1311.01.
And 30-years US Treasury notes’ yield fell 0.005 in comparison with the previous closing and makes 4.873.
Despite a proceeding growth of the basic stock indexes, we recommend while to keep a waiting position. The probability of significant correction is kept at present.
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