Wall Street found the strength
August 21, 2010 – 5:57 pmThe NYSE found the path to higher Wednesday. After a quiet opening in the (0.11%), the Dow Jones accelerated its gains and increases from 0.42% to 10,681 points. The Nasdaq gained 0.35% to 2292 points while the S & P takes 0.31% to 1124 points.
After the series of bad statistics published yesterday, investors are relieved by the employment figures of the private sector. The monthly survey from consulting firm ADP showed that the U.S. has created 42,000 jobs in July, when economists and analysts on average expected 40 000 new posts. The June figure was also revised upward and now shows 19,000 new jobs, 13,000 cons first announced.
These figures are positive before the official statistics of the U.S. labor market that will be published Friday. Economists and analysts on average had forecast an index down to 53.
Moreover, the ISM services has accelerated unexpectedly in July. It stood at 54.3 last month, against 53.8 in June
On the currency front, the dollar resumed on Wednesday it some color, but remains near its lowest level since 1995 against the yen and a low of three months against the euro. Indeed, this Wednesday, the euro continues to evolve over $ 1.32, while the dollar plunged against the yen at 85.42 yen 85.80 yen against Tuesday night.
Anadarko bounded
Time Warner (2.07% to 33.03 dollars) has published a quarterly profit above Wall Street expectations after posting the largest increase in sales for two years.
Anadarko (3.52% to 55.01 dollars) oil group, owns 25% of wells BP, Tuesday reported a net loss of 8 cents per share less than 48 cents per share loss a year previously.Excluding items, earnings came in at 49 cents, while the consensus gave 35 cents.
Electronic Arts (5.87% to 17.13 dollars) announced on Tuesday quarterly results better than expected and reaffirmed its annual forecast and still able to breath under this Wednesday.
The Federal Trade Commission (FTC), U.S. competition authority, has announced on Tuesday it had reached an agreement with industry giant Intel microprocessors (+0.18% to 20.75 dollars), against which it had complained in December to anticompetitive practices. Upon filing of the complaint, the FTC explained that it was not seeking to impose a "financial penalty" to Intel, which last year had already paid $ 1.25 billion to rival AMD (1.20 % to 7.60 dollars) and 1.06 billion euros fine imposed by European authorities.The action took Intel 0.10% to 20.89 dollars in electronic trading after the close of trading. The AMD yielded 0.13% to $ 7.50. They will still be monitored closely in this weekend.
The Canadian RIM (-3.10% to 53.81 dollars) presented Tuesday in New York, his new BlackberryTorch 9800, which will go on sale August 12 and will compete directly with Apple's iPhone 4. But his disappointment Arab continuing.Saudi Arabia has in effect suspended the BlackBerry service, according to the UAE, the Gulf countries demanding to watch multimedia phones from the Canadian manufacturer, which replicates grant any waiver of its encryption system, particularly safe.
Investment bank Lazard Franco-American (2.59% to 32.23 dollars) announced late Tuesday that the heirs of his deceased CEO Bruce Wasserstein, and other current and former executives of the bank, would put market approximately 7.4 million shares, or nearly 7% stake.
Sorry, comments for this entry are closed at this time.