Friday, October 22, a single dynamics at the auctions in the U.S. has not developed. No important macroeconomic statistics has not been published, so investors have focused on reports from the country's largest corporations and start-summit "big twenty" in South Korea. Of finance ministers players waiting agreements concerning monetary disputes, as well as the economic and trade imbalances. But no critical statements that could affect the course of trading on Friday was not done. Stock indexes have behaved fairly predictable: Dow Jones after the previous day immediate objective of growth began to slide down, while NASDAQ and S & P continued to rise.
Following the auction on October 22 the Dow Jones index dropped by 14.01 points (-0.13%) - to 11,132.56 points, NASDAQ rose 19.72 points (0.8%) - to 2479.39 points, S & P rose by 2.82 points (0.24%) - to 1183.08 points.
Reported better than expected U.S. company Amazon.com Inc., Which owns the world's largest online store Amazon.com. Its net profit for the III quarter of 2010. increased by 16% to 231 million dollars compared with a profit of 199 million dollars, resulting in the III quarter of 2009. The company's revenue up to the last quarter reached 7.56 billion dollars, up 38% more than that recorded for the previous year at around U.S. $ 5.449 billion Market Report was accepted positively - Caris & Company experts have even raised their recommendations on the securities of the company to "buy . As a result, shares of Amazon.com rose by 2.52%. Increased cost of paper and online auction eBay Inc. - At 3.22%.
Pleased investors and report one of the world's largest oilfield services company Schlumberger Ltd.: The value of its net profits available for distribution to shareholders, the III quarter of 2010. increased twice - up to 1.73 billion dollars - compared with 787 million dollars received during the same period a year earlier. Was noticeable, and increase revenue - by 26%, to 6.84 billion dollars this way, the company's business expands, there is not only a cost optimization. Both figures surpassed the expectations of industry experts. Against this background, the capitalization of Schlumberger rose by 5.38%. The remaining industry players are also not left behind: National Oilwell Varco Inc. increased by 1,33%, Halliburton Co. - On 1,36%, Baker Hughes Inc. - At 3.26%.
Weaker than the market looked metallurgical companies. Their attractiveness affected and broke the rally in the metals market, and growing fears of investors about the medium-term trend reversal. Thus, quotas can be well below current levels, perhaps even in the lows of 2010. It is fair to note that the factors that could cause such a reversal, not yet, but skeptical bidders continues to grow. In addition, the investment house lowered recommendations for metallurgical companies against the background of their quotes and lackluster prospects. On Friday, for example, such a fate befell Arcelor Mittal - the recommendation of its securities with the "best market" to "neutral" experts reviewed HSBC Securities. As a result, Arcelor Mittal on October 22 fell by 0.52%. The remaining steelmakers for the most part did not look better: Southern Copper Corp. lost 0.88% of the capitalization, Freeport-McMoRan Copper & Gold Inc. - 2,47%, AK Steel Holding Corp. - 1,33%, Steel Dynamics Inc. - 0,21%, Alcoa Inc. - 0,47%.
Fears that the forces of "bulls" are about to run out, so far only confirmed for the index of Dow Jones, the rest continued to rise, but not too sure. Only through the NASDAQ and S & P U.S. market, of course, will not grow, even if it is required equipment. Thus, the market or turns down from current levels, or to the maximum, the selected S & P, and Dow Jones breaks through the same level of resistance, and the bulls get a reason for aggressive purchases. But experts do not see a market of great potential growth. Stock strategist at Standard & Poor "s Alec Young suggests that within the next 12 months, S & P index will reach 1,270 points. This is only 7,4% higher than the close of trading on October 22. So, if A. Young, in his opinion is not alone , the rally comes to an end.