Wall Street has assembled a few more points - April 14, 2010
The U.S. stock markets have recently experienced six consecutive weeks of increase continues its momentum. The Dow Jones certainly opened down 0.07% and the Nasdaq 100 0.11%, but the disappointment of Alcoa's results did not last.
At closing, the indices respectively closed up 0.12% at 11,019 points – allowing it to bind a new top-most since September 2008 – and 0.33% at 2466 points. The S & P 500 just to cross the 1,200 points, and insicrit an increase of 0.07% to 1197 points.
On Monday, the Dow Jones gleaned 0.08% to increase the threshold highly symbolic 11 000 points for the first time since September 2008.
The eyes are now riveted on the release of Intel's after-hours trade, which will sign a series of results from technology stocks.
The euro steadied against the dollar Tuesday, the foreign exchange market remaining cautious vis-?-vis the funding prospects of Greece, despite strong demand for Treasury bill issuance Greek, and after jumping through the day the announcement of details of rescue plan for Greece.
Oil continued to fall
Side oil, black gold connects its fifth session of declines, traders are concerned about the continuing rise in oil stocks in the United States.
On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery finished at 84.05 dollars, down 29 cents from the previous day.The courses, which had exceeded $ 87 last Tuesday in New York for the first time in a year and a half, have lost about three dollars in five sessions.
The U.S. Department of Energy shall broadcast Wednesday's weekly statistics on trends in U.S. oil reserves, and analysts expect the announcement of an eleventh consecutive week of increase in crude inventories.
Palm loses ground after a flight
The week will also be crucial for the U.S. markets with the opening ball of the quarterly results. As usual, the aluminum giant Alcoa (-1.58% to 14.34 dollars) which gave the start of the season publications, Monday after the market closes. The U.S. producer of aluminum remained in the red in the first quarter, however, divided more than double its loss a year.Alcoa recorded a net loss after minority interests of 201 million over the first three months of the year, against a deficit of $ 497 million a year earlier.
Today, the computer chip manufacturer Intel (0.98% to 22.76 dollars) will follow. The next week will be hosted by Google's quarterly results (2.45% to 586.77 dollars), General Electric (1.33% to 18.96 dollars) or JPMorgan Chase & Co (-0, 61% to 45.86 dollars).
Always on the side of values, yesterday, the U.S. oil group ConocoPhillips (-0.52% to 55.67 U.S. dollars) has announced the sale of its Chinese Sinopec stake in Canadian oil sands project Syncrude for $ 4.65 billion dollars (3.42 billion euros).This is one of the largest investments ever made by China in North America.
The manufacturer of PDAs and mobile phones Palm (-14.67% to 5.16 dollars), would seek a buyer. Bloomberg said the investment bank Goldman Sachs and Qatalyst Partners were commissioned to find a buyer to the manufacturer of smartphones in serious financial trouble. Action Palm and jumped over 17% Monday to the New York Stock Exchange.