Stock trades in the U.S. on Friday, August 6, closed reduction of the leading index since the publication of the report of the US Department of Commerce on the level of unemployment in July 2010. Although the index itself remains at the previous month, reaching 9.5% (whereas analysts had expected it to rise 0.1 percentage points), investors alarmed by other data in the report. According to statistics, in July the number of jobs in the United States decreased by 131 thousand after it had been released on temporary duty 143 thousand employees engaged in conducting the census, held every ten years. Investors also were inclined to trust the economists who forecast a decline of this index on 87 thousand In addition, the number of jobs in the private sector increased by 71 thousand instead of the projected 83 thousand Moreover, according to revised data for June, the U.S. economy has lost in that month 221 thousand jobs, while previously reported a decrease of 125 thousand Thus, July was the second consecutive "unprofitable" for the labor market month.
Against this background, the negative dynamics demonstrated quotes companies banking sector, the first to respond to changes in the macroeconomic environment. Thus, the shares Bank of America, Citigroup and JPMorgan Chase have fallen in price on 0,4%, 1% and 2% respectively, the paper Wells Fargo and Goldman Sachs - by 0,5%. However, the operator of American Express credit cards could play suffered in the opening of the trading session loss - the price of shares on the day grew by 0,6%.
Bidding ended in the plus for companies that had submitted at the end of the trading week the financial statements. Among them was the largest U.S. mortgage company Fannie Mae (+7,1%), reported a decrease in net loss attributable to shareholders of the shareholders, in the first half of 2010. compared with the first half of 2009. to 57,8% - to 16.18 billion dollars when the net loss of Fannie Mae in the II quarter of 2010. amounted to 3.12 billion dollars, which is 79,4% less net loss of 15.16 billion dollars in April-June 2009. Despite significant improvement in financial performance, the company reported that market conditions are still not very favorable, and therefore the need for government support for it in the near future will be just as relevant.
Favorable financial report also provided the American insurance group American International Group Inc. (AIG). The company reported that net loss in the first half of 2010. amounted to 161 million dollars, roughly 24 times less than the net loss for the same period last year. Adjusted earnings per share in the II quarter of 2010. amounted to $ 1.99 in the consensus forecast of analysts at the level of $ 0.99 These results prompted the price of AIG shares to rise - by 2.6% by the end of the day.
As expected, went up quotes of the second-largest producer of food products Kraft Foods. The financial report the company reported net profit available for distribution to shareholders, in the first half of 2010. at 89,6% - to 2.82 billion dollars, and revenue - by 25,6% - to 23.57 billion dollars the figures were higher than analysts' forecasts, but because investors have expressed keen interest in the securities of the company, which went up at the opening of trading platforms to 2,4%.
In the American stock exchanges continued to cheaper oil prices which dropped to 81.27 dollars per barrel. This factor caused the decrease in securities prices energy giants ExxonMobil (-1,2%) and ConocoPhillips (-1,3%), as well as oilfield Halliburton (-1,1%) and Schlumberger (-1,5%).
As a result of trading on August 6 the Dow Jones index dropped by 21.42 points (-0.2%) - up to 10,653.56 points, the index S & P-dropped to 4.17 points (-0.37%) - up to 1,121.64 points and the NASDAQ fell 4.59 points (-0.2%) - up to 2,288.47 points.
