May 1, 2008
New York sharply higher on substantive economic dapaisement
The U.S. indices end sharply higher on Thursday, the Dow Jones (news) rising by 1.48% to 13.009,84 points, the S & P 500 winner 1.71% to 1409.34 points while the Nasdaq Composite (NASDAQ: news) bondissait of 2.81% to 2.480,71 points. Following the decision by the Fed to lower its key interest rates a quarter point, leaving U.S. authorities also glimpse a break now in the cycle of monetary relaxation, and a GDP of the first quarter slightly better than expected, the decline in oil prices, against a backdrop of the strengthening dollar and favorable economic statistics on the side of households and manufacturing activity have given solace to the heart of investors ..
In statistical terms, was expected include income and household spending for the month of March. The latter have increased by 0.4% against +0.2% advance. The Core PCE index has nevertheless registered at 0.2%, against +0.1% expected. Revenues for their share increased by 0.3%, slightly lower than the 0.4% growth expected. At the same time and on the eve of the publication of monthly figures of employment, weekly unemployment inscriptions are registered to 380,000, slightly beyond the 365,000 forecast by analysts referred. A little later, the ISM manufacturing of April exceeded expectations, to 48.6 points, stable compared with the previous month but above the 48 points expected. The construction spending in March were disappointed, however, declined by 1.1% over the month and against a decline of 0.7% early.
The barrel of oil WTI June delivery ceded 94 cents to 112.52 dollars. The greenback back to 1.5465 dollar for one euro.
Several publications were programmed on the side of businesses. Starting with the tenor of the oil sector, ExxonMobil. The company has registered an increase of 17% of its net profit in first quarter to 10.89 billion dollars, buoyed by high levels of crude oil over the period. Net earnings per share amounted to 2.03 dollars, against 1.62 dollar for the comparable period of 2007. That is below the expectations of consensus, who expected a level of 2.13 dollars per share. The title loses 3.69% to 89.70 dollars.
Starbucks (NASDAQ: SBUX - News) registered a decline of 28% of its quarterly results, to 108.7 million, or 15 cents per title. The figures in line with recent forecasts of society, albeit revised downwards last week in light of difficulties on the domestic market. The turnover of the chain of coffee stands at 2.5 billion dollars against 2.3 billion a year earlier. The title takes 2.48% to 16.65 dollars.
Burger King (NYSE: BKC - news) (-0.72% to 27.70 dollars) for its part, announced a net profit of $ 41 million (30 cents per share) against 34 billion a year earlier (25 cents ) And 27 cents per share covered by consensus.
The industrial group Tyco (-2.44% to $ 45.65) presented a quarterly profit of $ 273 million in respect of its operations, or 56 cents per share, against 164 million a year earlier. Excluding exceptional items, profit per share amounted to 67 cents.
The net result of Eastman Kodak (NYSE: EK - news) (-3.75% to 17.22 dollars) in the first quarter amounted to loss of $ 114 million, compared to the reduced deficit of 175 million accused a year earlier. An improvement linked to the performance recorded in sales of digital cameras and despite a higher cost of raw materials.
In the financial sector, the life insurance group Prudential Financial (+2.07% to $ 77.28) announced a strong decline in its quarterly results, to 77 million, or 20 cents per share, against more 1 billion in the comparable quarter of 2007 and $ 2.18 unit.
Finally, the technology stocks, software security company Symantec (NASDAQ: SYMC - News) reported a quarterly profit of 186 million dollars against 61 million a year earlier, a level higher than expectations analysts. The title flies by 12.31% to 77.28 dollars. Comcast, the first U.S. cable operator, has instead reported a decline in its net profit in first quarter to 732 million, where 24 cents per title, against 837 million a year earlier, or 26 cents per share , Due to increased competition.
by erectusplus at 7:27 PM |
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