Thursday ended with a rise on US stock exchanges.
The Dow Jones rose 0.31 percent to 17,958.73, the Nasdaq 0.48 percent to 4,974.56, while the broader S & amp; P 500 Index gained 0.45 percent to 2091.18.
“Fear Index” VIX (CBOE) was traded near 13.
The losers were slightly more winners on the NYSE, where 725.2 million shares were traded for 3.15 billion dollars.
The dollar strengthens
The yield on 10-year US government bonds rose to 1.96 percent after an auction of 13 billion in 30-year securities.
WTI oil corrected up 0.7 percent to $ 50.79 a barrel after yesterday’s steep drop. Gold prices fell $ 8.80 to $ 1,194.30 per ounce.
The dollar appreciated by about one percent against the world’s currencies, with EURUSD below 1.07.
– Two things affecting the majority of companies: oil prices and the strong dollar. Today strengthening is a lot less headwind now than when we went from 1.40 to 1.05, says chief strategist Art Hogan in Wunderlich Securities according CNBC.
Nervous mood
The mood on Wall Street was Thursday still a bit nervous after Federal Reserve Wednesday released the minutes from its last monetary policy meeting. This showed that central bank board was split on these when the first rate hike should happen.
– When you pick the rest of the minutes of each other, you have a split that brings us back to when Janet Yellen (governor) told us that the process will be gradual and be numbers depending continues Hogan.
And today’s macroeconomic figures showed a number of first time applicants for unemployment insurance (jobless claims) lower than expected, while wholesale sales rose slightly more than expected, ie by 0.3 percent.
Strong dollar weighs
Alcoa initiated after closing in the US earnings season Wednesday with an earnings better than expected, but earnings weaker than expected.
The share was punished with a decline of 3.3 percent to 13, $ 21.
– The key to how the road goes further in the short term is in company results next week. Fed is just another excuse for the market to find direction, says chief economist Peter Cardillo Rockwell Global Capital CNBC.
– Better than expected earnings and weaker revenues than expected, probably the theme of earnings season. Much is due to the stronger dollar. Investors will be watching bell sheep in the next week, he adds.
JPMorgan Chase and Intel releases its quarterly coming Tuesday.
Intel halted talks
Intel has halted talks with Altera about a potential acquisition, according to sources with knowledge of the case according to CNBC. The stock fell 0.2 percent to $ 31.24.
General Electric was the best Dow component, and rose 2.9 percent to $ 25.73 on news that the company will sell most, if not all their properties.
These are valued at around 30 billion dollars in all.
Home Depot and McDonald’s burdened with declines respectively. 0.9 percent to $ 114.57 and 0.3 percent to $ 96.55.
Chevron and ExxonMobil were the oil price up, specifically respectively. 0.7 percent to $ 84.65 and 0.3 percent to $ 106.95.
Energy was the best of the ten most important S & amp; P subindices, while new sector was the only loser.
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