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Forex · News · USMarket

NEWS / USMarket

USmarket Having started session with decrease, by the end of the tenders key indexes almost completely compensated their losses

11:47 10/31/2006

After falling on Friday, in the beginning of current week investors preferred very verified actions in the stock market. And consequently key indexes continued trade in narrow ranges.

 

Yesterday exception were only shares of leaders of highly technological sectors, which increased their capitalization in a following proportion: IBM + 0,8 %, Hewlett-Packard + 1,2 %, Intel + 0,8 %, AMD + 2,2 %, Sun Microsystems + 0,9 %.

And after investment holding Merrill Lynch raised recommendations on the company up to a level "to buy" papers of Internet-searcher Yahoo added 2,4 %. We notice that highly technological index Nasdaq Composite raised 0,56 % yesterday.

Besides Philadelphia index SOXX accumulating the semi-conductor companies, added 1,13 %.

 

It is necessary to notice that after sharp decrease at opening of trading session and the subsequent growth of two oldest indexes DJIA and S&P500 practically returned to initial positions by the end of trading session.

 

Analysts believe that the situation among these major two exchange indicators was affected by the adverse forecast of the largest retail network Wal-Mart, about which we wrote in yesterday's review before trading session.

As a result Wal-Mart shares lost 2.4 % for day.

 

The general pressure in the share market amplified after 4 %-s' falling oil cost and 5 %-s' reduction of price of gas futures. Thus papers of practically all oil and gas companies suffered essential losses.

 

Let's remind that oil futures fell in price at the tenders on Monday after the anxiety on possible attacks to oil objects in Persian Gulf disappeared, and signs of delay of the world economy and a decreasing energy demand became more appreciable.

December future contract dipped $2,39 and was closed at a level $58,36 a barrel.

 

BlackRock papers recovered from losses in the beginning of a day and to the end of the tenders added $5,50 and were closed at a mark $155 for a share.

Before the opening the company informed that the profit of the third quarter was up 3 % to $1,06 for a share, that is 9 cents below analysts’ expectations. The proceeds grew 7 % up to $323,1 million.

 

And papers of the company on granting services of asset management and execution of applications - International Assets Holdings came nearer the historical maximum of $30,96.

So, at the tenders on Monday shares of the company jumped up +6 %, having grown $1,63 up to $29,80 for a share at the growing volume. As a result, International Assets Holdings shows accelerated sales volumes within three last accounting quarters.

 

Thus gold futures were closed near a monthly maximum owing to real demand on metal before the beginning of the whole turns of autumn and winter holidays.

And the price of December future contract was up $6,40 to $607,40 for ounce.

As a result Dow-Jones index of New York stock exchange was down 3.76 points and is at a level 12086.50. NASDAQ index grew 13.15 points and is at a level 2363.77. S&P 500 index rose 0.59 point and is at a level 1377.93.

And 30-years US Treasury notes’ yield fell 0.010 in comparison with the previous closing and makes 4.786.

 

We recommend to wait for more significant down correction of indexes. After that there is possible a long-term purchase of futures for Dow-Jones and S&P 500 indexes.

 

 

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19/12 21.15
TickerBidAsk
USD/CHF1.15601.1562
GBP/USD1.99541.9956
USD/JPY113.4100113.4300
EUR/USD1.43521.4354
AUD/USD0.85770.8581
USD/CAD1.00521.0056
EUR/GBP0.71920.7194
EUR/CHF1.65951.6599
EUR/JPY162.7900162.8300
GBP/JPY226.3000226.3600
GBP/CHF2.30702.3080
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