USA: news from the sector, hi-tech limit corrective mood

by admin on August 28th, 2009

On Friday, August 28, the stock market in the United States there is no certainty - the major indexes frequently move from negative territory to positive and back only in the high tech sector more or less stable due to positive sentiment dominated the news from Dell and Intel. The nature of statistics published by the United States was broadly neutral with the exception of the index of consumer confidence in the University of Michigan, which was revised in the negative direction is not as strong as expected. Nevertheless, the bulls have been slow to enter the market, focusing on some of the most volatile securities with a strong speculative component.

By 20:05 Moscow Time Index broad market Standard Poor's 500 is trading with a decrease of 0.23% on a mark to 1,028.63 points, light blue-chip Dow Jones Industrial Average lost 0.37% to 9,545.18 points in and the index of high-technology Nasdaq Composite traded in positive territory at 0.20% on a mark to 2,031.82 points.

shares the world's largest chip maker Intel traded with an increase of 4,4% after the company raised its forecast of sales for the current quarter. According to Intel, in the III quarter sales could exceed $ 8.8 billion, while the earlier forecast was listed the amount of $ 8.1 billion market took this news with great enthusiasm, since Intel has traditionally been considered an indicator of consumer demand and demand from the corporate sector.

second largest in the world computer manufacturer Dell went to plus 3% after the publication of financial results for the second quarter, exceeding forecasts for a decline in costs. Quarterly earnings per share totaled 28 cents, ie almost 30% larger than average forecasts. This Dell said the revival of sales of computers servers and low-cost notebooks.

insurance company American International Group soared by 7,4% against the background of statements by the CEO, Mr. Benmoshe (Benmosche), in an interview with Wall Street Journal that the two foreign offices of life insurance may not be sold in next 3 years.

shares the second largest in the world of luxury jewelry retailer Tiffany Co went up by 9% against the background of the publication reporting the second quarter - profits fell by almost 30%, but expected more negative outcomes.

clothing retailer J. Crew Group traded with the increase of 6,3% due to the relatively positive statements. His competitor, Bebe Stores lost 3.3% against the backdrop of reports that last quarter, failedto make a profit, hardly restrain himself on the point of breakeven.

Crude oil futures traded Light brand with an increase of 0.68% to $ 72.98 a barrel, and gold - in plus on 1,1% at $ 957.8 per troy ounce.

Shares of Lukoil received additional driver of growth in the form of reporting, which proved to be better than forecast
Statistics on personal income /expenditure of U.S. citizens was in line with expectations
Energy Strategy 2030: attempt to get rid of oil dependence
Tymoshenko Ministry of Fuel and agree with the NBU sales ENERGOATOM currency at the official rate
Cash market practically did not see cheap dollars NBU
Most active shopping today demonstrated shares in Russia's electricity and telecommunications
Today the paper RusHydro apparently looked worse than the market, with difficulty adding 0,2%
Vladimir Putin suggested the Bank to increase lending
Europe: Optimism rife

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