USA: fear banks have stronger expectations of the medical and high-tech companies

by admin on June 21st, 2009

On Wednesday, June 17, the major stock indices of the United States after analysts agency Standard Poor's lowered the credit rating of 18 national banks have completed the day with negative result. Strengthening of the securities of the health sector as a result of the Congress a bill to modernize the industry, as well as raising a number of recommendations for high-tech sector was unable to change the overall mood of the markets.

At the end of the trading barometer blue chips Dow dropped 0.08% to the value 8 497.18 points, while the wide SP 500 index weakened to 0.14% and reached 910.71 points. Rate with a large proportion of the shares of high-tech companies Nasdaq added 0.66% to the value of 1 808.06 points.

Shares

lender Wells Fargo lost 5.4% and fell to $ 23.09 while its rival KeyCorp rolled down to 7.8% to $ 5.46 after the experts rating agency SP said that the operating conditions banks will become less favorable, as well as lowered their credit ratings.

Quotations General Electris collapsed to 4.2% to $ 12.25. The head of the company stated that he expects even more difficult for business months.

Papers FedEx, engaged in transporting goods, became easier to 1.4% and finished the day at $ 50.70 on the background of the publication of the forecast profit for the period ending in August of 30-45 cents per share were more than 2 times smaller than analysts' expectations of 70 cents.

Shares of the health sector have strengthened their positions after the national Democratic Party leaders have continued to advance the bill, which requires all citizens to have health insurance, as well as employers to provide benefits to employees or pay fines.

Quotations of the world's largest drug manufacturer Pfizer jumped 3% to $ 14.58, while the manufacturer of products for health care Johnson Johnson added 1.1% to $ 55.20. Paper Watson Pharmaceuticals soared 5% to the value of $ 30.27 as a result of the agreement to buy Arrow Group for $ 1.75 billion

shares of high-tech sector also managed to complete the day with a positive result, enhancing recommendations for securities Qualcomm and Texas Instruments.

Thus, quotes of the world's largest manufacturer of chips for mobile phones Qualcomm went up by 3.8% to $ 45.09. The company said that sales in the third quarter will be at least $ 2.4 billion, exceeding analysts' average expectations of $ 2.35 billion Specialists Goldman Sachs Group also added to the list of securities recommended for purchase.

Actions Semiconductor manufacturer Texas Instruments rose by 3.3% to $ 21.41 after Bank of America analysts have raised recommendations on the securities to assess the buy, stressing the importance of expanding profit forecasts that are likely to be higher than expected.

oil futures with delivery in July at the end of auction added to the cost of 56 cents and closed at around $ 71.03 a barrel. U.S. Department of Energy report showed the resource stocks falling last week to 3.9 million barrels. Contracts for gold on COMEX electronic trading to the supply in August went up by $ 3.80 and finished the day at around $ 936 per troy ounce. Yield 10-year Treasury bonds fell from 3.66% to 3.6%.

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