USA: inertial growth continues

 

Monday, 19 October, the stock market of the United States has demonstrated growth within 1% due to higher oil prices and positive news companies in the absence of macroeconomic statistics. Indicator of blue chips again crossed the mark of 10000 items, and oil futures climbed above $ 79. Although released in the session reports were few, they were able to have an effect on investor sentiment, but analysts have supported the recommendations for the purchase of bulls.

Following the session, the indicator of blue chips Dow Jones Industrial Average rose by 96.28 points, or 0.96% to a level of 10,092.19 points, the index is a broad market Standard Poor s 500 rose 10.23 points, or 0.94% to a mark 1,097.91 points and the index of high-technology Nasdaq Composite has left in plus on 19.52 points, or 0.91% to 2,176.32 points mark.

Nation's largest newspaper publisher Gannett after the publication of reports jumped to 8,2%. Quarterly profit for the third quarter was 44 cents per share, surpassing the average forecast and signaling the passage of the bottom in the sector publishers of periodicals.

The network of centers Nordstrom moved by 4,2% to a level of $ 35.85, after analysts at Barclays raised its forecast for the stock from $ 25 to $ 40 and said that the company's revenues will grow until the end of the year thanks to revive sales and reduce inventories.

Multisectoral manufacturer Eaton boosted 5,7% of market capitalization after it reported on a quarterly profit of $ 1.21 per share, ie about 25 cents above the consensus forecast. Eaton also raised its estimate for annual profit.

high technology sector companies Texas Instruments and Apple left in plus on 3,4% and 1% even before the published financial results. The largest U.S. cell phone manufacturer Motorola has moved on 7,9% to level in $ 8,47, entering the three leaders of yesterday's growth in the broad market index - analysts Oppenheimer Co raised its forecast for the shares at the quarter to $ 10.

heavy engineering giant Caterpillar jumped by 6%, not without the influence of recommendations for the purchase of the analyst RBC Capital Markets.

automaker Ford Motor, at one time without costing saving money the State has left in plus 2% on the background of comments JPMorgan that the Company's financial results for the third quarter could be much better than expected - at the While many experts expect from Ford losses of about 20 cents a share, JPMorgan forecasts a profit of 16 cents.

largest copper producer Freeport-McMoRan Copper Gold added 4.3% due to higher copper prices to 5-week high and higher prices for gold at 0,6% to $ 1,058.10 per troy ounce in New York York.

Communal sector in the SP 500 index was one of the key areas of growth on Monday, what was required in many respects to the operator of the largest utility in Michigan DTE Energy - the company raised earnings forecast for the current year. DTE shares added 3.8%.

The financial sector was in a mixed dynamics - including adding a distinguished American Express and Goldman Sachs, among the lost - Bank of America, Citigroup and the lender from North Carolina BB T.

Second-largest producer in the world of toys Hasbro lost 3.7% after the publication of quarterly reports, according to which sales declined and did not reach the forecast level.

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