The New York Stock Exchange July 30, 2014 (Getty / AFP / File / John Moore)
The New York Stock Exchange closed up Thursday, capitalizing on a lull in geopolitical tensions after soothing about Vladimir Putin and obscuring of bleak economic news: the Dow Jones was awarded 0.37% and the Nasdaq 0.43%
. According to final results at the close, the Dow Jones gained 61.78 points 16,713.58 points and the Nasdaq 18.88 points 4,453.00 Points
The broader S & amp;. P500 rose 0.43% or 8.46 points to 1955.18 points.
“If we stuck to the headlines on the economy, it would not be surprising to see the indices move in the opposite direction, “said Art Hogan of Wunderlich Securities.
In the United States, new jobless claims rose more than expected and last week, reaching their highest level for six weeks
But it is especially the economy of the euro zone worries. one year after the end of the recession, the region posted growth stalled, undermined by the decline of 0, 2% of GDP in Germany, Europe’s largest economy, and stagnation in France.
Investors are also concerned by Art Hogan by the performance “very mixed” major American sales groups retail since the beginning of the earnings season, reviving concerns about the strength of consumption in the United States.
The largest of them, the retail giant Wal-Mart, and lowered its forecast for annual profit despite strong quarterly results. Its action is still awarded 0.46% to 74.37 dollars.
But all these lackluster numbers on the economy “seem to keep away any concerns about an increase (imminent) rates by the Fed, “that would slow the flow of easy money in the market,” and fueling the hope of additional support measures from the European Central Bank, “noted analysts at Charles Schwab.
Especially, when the Ukrainian crisis and its impact on European and Russian economies “is probably one of the elements with the most constrained markets this summer,” brokers welcomed with relief the last comments Russian President Vladimir Putin, said Art Hogan.
M. Putin has in fact said Thursday that Russia should not “cut the rest of the world” and was ready to do everything possible to reach a settlement that strike its relations with the West.
On another front particularly monitored by investors, Iraq, some relaxation was also seen with the announcement that the incumbent Prime Minister Nuri al-Maliki gave up clinging to power and he supported his successor , Haidar al-Abadi
-. Buffett even richer –
As for values, the meeting was marked by the most expensive Wall Street action, the action of the holding company of billionaire Warren Buffett, Berkshire Hathaway, which for the first time exceeded the $ 200,000. The title, which reported second quarter 3889 dollars in profits the unit, closed up 1.76% at $ 202,850.
The conglomerate General Electric has eroded more modest 0.15% to 25.87 dollars. Swedish appliance manufacturer Electrolux said on Thursday in talks for the acquisition of a subsidiary of the American group, according to the Bloomberg agency, could reach $ 2 billion
The title of the equipment Cisco, which announced 6,000 new job cuts telecom, lost 2.62% to 24.54 dollars.
OmniVision Technologies Technology Group, which announced Thursday that it had received an offer to purchase from a group of Chinese investors valuing $ 1.6 billion, jumped 15.00% to 28.29 dollars.
The seller of coffee and Keurig coffee capsules Mountain Green was awarded 0.22% to 114.30 dollars after announcing a rate increase of 9% from November, intended particularly to offset the soaring price of coffee and cocoa on the market raw materials.
The bond market closed up. The yield on 10-year Treasury fell to 2.400% against 2.413% Wednesday night, and that good for 30 years at 3.192% against 3.241% yesterday.
Copyright © 2014 AFP. All rights of reproduction and distribution reserved.
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