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USA indexes returned part of a weekly loss on Friday |
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Sunday, 28 September 2008 |
USA stock indexes closed yesterday trading session in positive changes influenced by the increased expectations of market participants that Congress will support the "rescue" the government plan worth 700 billion dollars. So the market could recover some of the losses accumulated during the week.
Yesterday broad indicator S&P 500 rose by 0.3% to 1 213.01 points, which his weekly decline reached 3.4 percent. Dow Jones Industrial Average added 1.1 percent to amount to 11 143.13 points for the week decreased by 2.2 percent. Technological Nasdaq Composite did continue the negative trend, yesterday fell by 0.1 percent to 2 183.34 points, as his weekly decrease amounted to 4 percent.
Among the biggest winning yesterday are ranked bank shares. Securities of Bank of America are more expensive by 6.8 percent to 36.70 dollars for cash and those of JP Morgan Chase added 11 percent to 48.24 dollars. American Express Co. increase market capitalization by 4.4 percent to 39.50 dollars for the shares.
On the negative territory traded shares of bankrupt Washington Mutual Inc., Registered a decline of over 90 percent to 0.16 dollars. Securities of Wachovia Corp. and National City Corp. cheapen by 27 percent and 25.6 percent to levels of 10 dollars and 3.71 dollars for cash.
The uncertainty about the fate of the government plan was the main factor in the movements of oil during the week. Yesterday black gold futures become cheaper with 1.1 percent of the exchange in New York and closed at a level of 106.89 dollars on barrel, taking into account the total weekly growth of 4 percent.
U.S. dollar ends week of trading at 1.4611 against the euro, registered a decline of nearly 1 percent for the week. |
Money 
