United States: the march of retail sales

 

Tuesday, 15 September, the U.S. stock market finished the trading session the next rise in the index due to the flow of positive macroeconomic data: retail sales in August rose by 2.7%, while expected to grow by 2%, the index of manufacturing activity in the state New York has increased by more than half and surpassed forecasts, inventories declined more expectations.

In addition to macroeconomic considerable influence on the course of trading provided comments authoritative economists - Warren Buffett and Ben Bernanke. Buffett at a conference in California, said his company Berkshire Hathaway is now actively buying shares, but Mr. Bernankesuggested that the U.S. recession may have already come to an end. At the same time, the Fed chief noted that this does not mean the ability of the economy fast enough to reduce unemployment.

Following the session, the indicator of blue chips Dow Jones Industrial Average rose by 56.61 points, or 0.59% to 9,683.41 points level, the index of a broad market Standard Poor s 500 rose 3.29 points, or 0.31% to a mark 1,052.63 points and the index of high-technology Nasdaq Composite has left in plus on 10,86 points or 0,52% to reach 2,102.64 points mark.

After the publication of data on retail sales and manufacturing activity growth among the blue chips led the country's largest aluminum producer, Alcoa, industrial conglomerate General Electric and the largest producer of bulldozers, Caterpillar, whose shares went up by 8,1%, 4,2 % and 6% respectively. This allowed the Dow Jones index to show a more significant increase than the SP 500 and Nasdaq.

The commodity sector in the SP 500 index advanced by 2,3% against the backdrop of rising prices for industrial and precious metals. In particular, shares of the largest copper producer Freeport-McMoRan Copper Gold prices increased by 1%.

in the high tech sector showed notable growth in the operator of the popular Internet search engine Yahoo, whose shares added 5.4% against the backdrop of increasing the rating analysts, Sanford C. Bernstein Co with at market to better market.

Online retailer eBay has left in plus on 1,3% to $ 24.14 after the recommendation for the purchase of the analyst UBS, who raised the target price from eBay $ 24 to $ 28.

The leader of growth in the broad market index has become a test equipment manufacturer Teradyne - its shares have soared 11% after analysts Oppenheimer Co raised its rating to market level to best market.

Among the losers last session can be noted some of the retailers, as well as a number of banks, whose market capitalization in recent months have greatly dilated. Chain stores Kroger had fallen by 7,5% after the publication of the quarterly report, disappointing Wall Street, and lowering the forecast for annual profit. Shares of the largest electronics retailer Best Buy lost 5.2% on the same occasion.

In the financial sector there has been getting rid of such liquid and volatile market as Citigroup and AIG - on the session they have lost 8,9% and 5,6% of market value, respectively.

suffered a retreat and health insurers, whose shares were selling on the background information from the Institute of Medicine (Institute of Medicine - advises the Government on health issues) that the state can reduce healthcare costs by $ 250 billion per year within decade. Coventry Health Care shares fell 7.1%, and UnitedHealth Group - to 3,7%.

Oil for October delivery rose $ 2.07 to at least $ 70.93 a barrel on the NYMEX, while gold for delivery in December - at $ 5.20 to at least $ 1,006.30 per troy ounce on the COMEX.

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