Friday, 10 September, the U.S. stock market continued to regain the losses incurred in the first trading session of the week. The belief that the indices in the coming time will be much higher, yet not returned, but chances are that the free assets will be invested in securities, while there. Macro-economic statistics in recent days are not so bad as far as for most of the summer, and the bulls were able to act a little more active. According to the U.S. Department of Commerce (US Department of Commerce), inventories at the warehouses of wholesale trade in July 2010. increased by 1,3% compared to the previous month. Analysts predicted that this figure will increase by 0,4%. More significant than expected, an increase of wholesale stockpiles was viewed positively and regarded by players as the preparation of wholesalers to increase consumer activity. However, if we consider that wholesale sales while growing half as fast as the current situation does not look too optimistic, as the glut could lead to a drop in manufacturing activity. But the market is set to increase, and the indices were still able to return to the levels of early this week, and even exceed them.
As a result of trading on September 10 the Dow Jones index rose by 47.53 points (0.46%) - up to 10,462.77 points, NASDAQ - at 6.28 points (0.28%) - up to 2,242.48 points, S & P - by 5.37 points (0.49%) - up to 1,109.55 points.
Locally, the high price of oil (a barrel of Brent holds steady near 78.5 dollars per barrel.) Permitted oil and gas companies to demonstrate better the dynamics of the market. Capitalization Chevron Corp. increased by 1,89%, Occidental Petroleum Corp. - On 0,81%, Anadarko Petroleum Corp. - On 1,21%, EOG Resources Inc. - On 3,17%, Marathon Oil Corp. - On 1,73%, Hess Corp. - On 0,55%.
Leading American banks look weaker. The reason for this impressive growth the previous day, although negative in the European banking sector has not disappeared, and the official statements that the problems with the bank's capital does not occur, was not. In the U.S., buying continued, but the results were modest Friday: Bank of America Corp. added 0,37%, The Goldman Sachs Group Inc. - 0,84%, Wells Fargo & Co. - 0,23%, Citigroup Inc. - 0,01%, Morgan Stanley - 0,67%. U.S. Bancorp and The Bank of New York Mellon Corp. lost by 0,09% and 0,27% respectively.
Adversely formed bidding for the manufacturer of integrated circuits Texas Instruments Inc. His quotes left in the minus on 0,59% after the company lowered its profit forecast and sales at the III quarter of 2010., Citing reduced demand for the products on the background of a slowing world economy. Meanwhile, analysts Goldman Sachs Group left the recommendation on the shares of the company at "buy." For Texas Instruments, and proceeded down the electronics manufacturer Emerson Electric Co. (-0.84%). Honeywell International Inc., On the contrary, start bidding at zero, their closure has achieved the result plus 2%.
On Friday, experts KeyBanc Capital Markets began coverage analytical number of construction companies, all of them were assigned to the recommendation to "keep" and "buy". Among the most liquid sector representatives in the number received the highest recommendations included Toll Brothers Inc. (1.48%), and Lennar Corp. (-0.14%). DR Horton Inc. and PulteGroup Inc. was assigned to the recommendation to "keep", but their day the results were not worse - plus 0,73% plus 1,39%, respectively.
Despite all the problems and concerns, the U.S. stock indices continued to climb. Perhaps the funds slowly parked free money in paper, because, according to forecasts by leading investment firms and banks before the end of 2010. market remains a significant growth potential, and this is quite a small period of time. Talking about the problems in Europe have appeared, and the second wave of global economic crisis does not start, that allows to build an appetite for risk. The Dow Jones closed on Sept. 10 at the maximum level in almost a month, this is a good "bullish" signal, giving hope to the output in the near future to summer highs.
