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U.S. market returned to green at the end of session |
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Wednesday, 19 November 2008 |
U.S. shares celebrated their first increases for the past three days at the beginning of today's session after better than expected financial results of Hewlett-Packard and Home Depot brought optimism in the market.
Subsequently Index was negative territory. The positive mood from the beginning of the session turned negative after strong data on expectations of representatives of construction companies in the U.S..
However at the end of the session "bulls" again activated and exchange indicators turned green. Dow Jones rose by 1.83 percent to 8424.75 points. S & P 500 grew by 0.98 percent to 859.11 points and the Nasdaq Composite forward on 0.08 percent to 1483.27 points.
Shares of Hewlett-Packard jumped in early trading to 12%, lead up technological and other securities. The company announced that for the quarter to October 31 to recognize the expected 19 percent rise in revenue to 33.6 billion dollars.
Chain stores for household goods Home Depot did record 6 percent growth in the price of its securities. Company profit for the third financial quarter has fallen by 31 percent to 756 million dollars, but this was less a decrease of analyst expectations, which also saw the group effort to improve the network of shops and better management costs.
Shares of The Internet company Yahoo again increased by 15 percent to 21.20 dollars. An hour it became clear that the executive director of the company Jerry Yang is leaving his post, possibly opening the doors of cooperation with Mirosoft, especially since recent conference said that such is not excluded.
On the shares of Citigroup fell by 5.9 percent after speaking to analysts from Deutsche Bank, under which the bank may report a loss for 2009 due to decreased revenues.
Green earlier today closed session most markets in Western Europe , where the increase ranged between 0.5 and 1.8 percent. In the region of Central and Eastern Europe had a new major reductions, especially in Bulgaria where the main indexes fell more than 10 percent.
U.S. construction companies in extremely bad mood
U.S. companies line up housing, have never been more worried about their sector as at the beginning of this November, when the index of the National Association of Housing Builders (NAHB) fell by five percentage points level targets by 9 points, forward MarketWatch.
The reported decline was biggest for the month reached in August 2006 when the index falls by 39 to 33 points.
This is another indicator reached minimum while analysts expected for its stabilization period from October to November in 14 points. The calculation of the index, which has never been so low as now, started in January 1985, with levels below 50 points indicate that most construction companies have expressed negative expectations for the future.
Worsening problems in financial markets, weakness in the labor market and irresistible uncertainty about the economy are the main reasons for fall sales, said in a communication of National Association of Housing Builders. |
Finances and Markets 
