Friday, February 20, 2015

UPDATE 2-Wall Street rises with Greece, records for Dow and S & P –

UPDATE 2-Wall Street rises with Greece, records for Dow and S & P –

* The Dow rose 0.86%, the S & amp; P 500 and the Nasdaq 0.61% 0.63%

* The indices are mounted after the announcement of an agreement on Greece

* Eighth straight session increase for NASDAQ (Updated with dollar, Treasuries)

by Caroline Valetkevitch

NEW YORK, Feb. 20 (Reuters ) – The Dow and the Standard & amp; Poor’s 500 ended Friday at a record on the New York Stock Exchange after the conclusion of an agreement between Greece and its eurozone partners.

Hesitant much of the day waiting the results of the Eurogroup meeting in Brussels, the large Wall Street indices went boldly into the green after the statements of European officials and Greek evoking the drafting of a common text on the extension of the international aid plan Greece.

An agreement was subsequently announced an extension of that aid for a period of four months.

The Dow Jones took great values ​​30 154 67 points, or 0.86%, to 18,140.44 and the Standard & amp; Poor’s 500 largest, gained 12.85 point (0.61%) to 2,110.30. The Nasdaq Composite, with high technology weighting, rose 31.27 point or 0.63% to 4,955.97.

With this eighth straight session of gains, Nasdaq is approaching its highest to 5132.52 point reached March 10, 2000 before the bursting of the Internet bubble.

US stocks are less exposed to Greece, countries in modest economic weight within the euro area, but Wall Street still followed in recent weeks the various upheavals of the crisis. Investors fear such a failure to agree among Europeans, may lead to a Greek exit from the eurozone, deeply undermines this block major trading partner of the United States or even lead to its disintegration in a domino effect.

“This increase is primarily an increase in relief. It’s one less worry,” said Mark Luschini, at Janney Montgomery Scott.

For the week, the Dow took 0.7%, the S & amp; P 500 0.6% and the Nasdaq 1.3%


Values, Intuit, publisher of tax filing software, on Friday signed one of the highest increases in the S & amp; P 500 (+ 6.16% to 96.72 dollars) after announcing a loss less than expected in the fourth quarter thanks to the success of its online services TurboTax and QuickBooks Online.

Only the title Mohawk Industries, flooring company did better, with a jump of 6 71% to 184.26 dollars, due to better than expected quarterly results.

The Boeing title took almost 3% to 158.31 dollars, the largest increase in the Dow Jones, after an increase of Target by the broker Sterne Agee & amp; Leach.

Salix Pharmaceuticals ended with a gain of 4.69% to 157.81 dollars, almost the price of about $ 160 Canadian laboratory propose that Valeant Pharmaceuticals International to buy the US group, according to a source close to the case

The action Noodles & amp.; Co has instead almost lost a third of its value, with a dip of 31.87% to 18.90 dollars, the fast food chain have published results and forecasts well below analysts’ estimates.

With the announcement of an agreement on Greece, the euro erased its losses against the dollar to trade at 1.1378 dollar. The greenback has done the same vis-à-vis the yen at 119.09 yen to the dollar.

In the bond market, the yield of the US 10-year bond also eventually fall to 2.1187%, while US Treasuries had initially been sought as a safe haven when the outcome of the Eurogroup meeting was uncertain. (Bertrand Boucey for the French service)


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