Most U.S. stock indices ended the trading in positive territory on Monday on expectations of a good season for the reporting of U.S. and European companies, through which the rally, has been observed for 7 months but can last, reports Bloomberg.
SP 500 Index rose to a maximum of 3 October 2008.
Quotations of futures on Tuesday morning show improvement: December contract on the SP 500 to 8:27 was added 0,06%, for Dow Jones - 0,09%.
earlier reported that the Netherlands Royal Philips Electronics NV, Europe's largest manufacturer of consumer electronics, has recorded growth in net profit in July-September 2009, while analysts forecast a net loss. The second quarter the company has also been profitable, despite the expected loss. Positive results have contributed to measures to reduce costs and less-than-expected decrease in revenue.
Philips net profit in the third quarter totaled 174 million euros compared with 57 million euros for the same period last year. Revenues decreased by 11% - to 5.62 billion euros.
Analysts polled by FactSet, expected net loss of $ 41 million euros in revenue at 5.45 billion euros.
The market will continue the momentum, - says the vice-president of Silvercrest Asset Management Group Stanley Nabi. Profit, which will begin appearing this week, should be very good, but economic data - quite encouraging, - he added.
Shares
largest manufacturer of construction equipment in the U.S. Black Decker Corp. jumped 7.6% after the company improved its profit forecast for the third quarter. As reported its leadership, the net profit per share was 91 cents, in July, likely to be deemed a profit of 35-45 cents. Analysts expected earnings of 43 cents per share.
market value of Intel Corp. and Johnson Johnson rose by 1,1%. The accounts of both companies will be published on Tuesday.
Paper Ford Motor Corp have risen in price by 7% after reports that the popularity of small-company models in the European market has helped increase sales in Europe by 12% in September.
rise in oil prices to a maximum of 6 weeks has provoked an increase quotations Exxon Mobil. Shares of the largest oil company in the U.S. rose by 1,2%.
Papers
Advanced Micro Devices rose by 4,4% after the improvement recommendations to the semiconductor market to buy from neutral by analysts UBS. The experts felt that the company's profits will exceed expectations because of increased sales of personal computers.
Index Dow Jones Industrial Average up the auctions on Monday rose 20.86 points (0.21%) - up to 9885.8 points.
Standard Poor s 500 rose 4.7 points (0.44%), amounting to 1,076.19 points.
value
Nasdaq Composite Index declined by 0.14 points (0.01%) - up to 2,139.14 points.
Increase
Dow Jones since the beginning of the year is 12.64%. SP 500 index added this year, 19,15%, Nasdaq - 35,64%.
the eve of great changes in the Naftogaz of Ukraine the Government of packs the company …