Friday, April 10, 2015

UPDATE 2-Wall Street, led by GE, ends up – Reuters

* The Dow rose 0.55, the S & amp; P 500 and the Nasdaq 0.52% 0.43%

* GE announced disposals and share buybacks

* Title flies more than 10% (Updated with dollar, oil, bond market analyst comment, precisely on the rise in the stock GE)

Ryan Vlastelica

NEW YORK, April 10 (Reuters) – The New York Stock Exchange Friday completed his week progress with a new session of gains, investors hailing the asset disposal plan and large share buyback program announced by General Electric, who thinks so to repay up to $ 90 billion to shareholders by 2018.

With the exception of financials, symbolic drop of 0.01%, all sectoral indices Standard & amp; Poor’s 500 ended in the green, industrial worn by GE scoring the best performance of the 10 with a gain of 1.8%.

The action GE has itself soaring 10.8% to 28.51 dollars, a peak since September 2008, being by far the most active of the day on Wall Street with over 351 million shares traded. This is the largest increase in the S & amp;. P-500

” This is indicative of a general trend, a new attention turned to the shareholders and this can help support markets, “said David Lebovitz, strategist at JP Morgan in New York , about General Electric announcements. “If we continue to see share buybacks and dividend hikes, and I think this will be the case, it makes it even more compelling scenario of rising equity markets.”

The Dow Jones 30 large values ​​is back above the 18,000 points. It gained 98.92 point or 0.55% to 18,057.65 while the Standard & amp; Poor’s broader took 10.88 points, or 0.52%, to 2102.06. More …

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