Apr 26, 2008
Wall Street closed slightly higher Friday, continuing the rebound in financial values, including through American Express, which eventually eclipsed the disappointing results from software giant Microsoft.
The Dow Jones index of 30 industrial won 42.91 points, or 0.33%, to 12.891,86. The S & P-500, broader, took 9.02 points, or 0.65% at 1.397,84.
The Nasdaq Composite had dropped 5.99 points (-0.25%) at 2.422,93.
On the week, the Dow rose by 0.3%, the S & P 500 by 0.5% and the Nasdaq by 0.5%.
The specialist credit card American Express has supported the trend and rose 5.73% to 47.77 dollars, after a decline weaker-than-expected earnings in the first quarter. The group also confirmed Thursday evening its annual forecasts.
The financial giants as Citigroup (+3.26% to $ 26.60) or Bank of America (+1.14% to 38.30) have also rebounded.
The credit agency semi-public property Freddie Mac has gained 7.38% to 27.94 dollars, after having been at the forefront of redemptions of mortgages to stabilize a market in crisis. His counterpart Fannie Mae has gained 10.35% to 30.93 dollars.
Côté results of companies, Goodyear Tire & Rubber rose 6.09% to 28.91 dollars, after being the beneficiary in the first quarter, and have exceeded the consensus, thanks to higher prices of tyres and a FX favourable.
OUTBREAK OF CRUDE
In the fall, Microsoft has weighed on the index and Nasdaq plunged 6.19% to 29.83 dollars after disappointing sales of Windows and a target profit corresponding to the lowest expectations.
Apple is reached him surnager and won 0.47% to 169.73 dollars.
The diversified industrial group 3M has limited the advance and the Dow fell by 1.66% to 77.82 dollars after announcing Thursday evening a net profit better than expected for the first quarter of 2008, but also a challenge to its goal of turnover, which has disappointed investors.
For indicators, the fact that the index of consumer confidence from the University of Michigan is the lowest for 26 years did not support the indices, which remained in the red much of the session before bouncing back, for the Dow and the S & P 500.
The markets have also suffered from the coup accelerator in oil prices in late afternoon, which saw the Brent North Sea enter a new record at 117.56 dollars a barrel, driven by fears about the supply in Nigeria and the North Sea, and by the increasing tension between the USA and Iran.
With energy prices and real estate, the U.S. consumer remains under pressure and investors remain cautious.
by erectusplus at 9:31 PM |
0 Comments:
Post a Comment
<< Home