Wall Street: Growing Courage
Wall Street was launched today in hesitant, but took the course in the stock market and increasing courage again closed in the green area. For the Mumm caused mainly the latest message from recovering real estate market, the crisis had triggered the recession.
The number of pending home sales climbed in July to the next level, the fifth month in a row. This time by 3.6 percent, was expected only a 0.7 percent increase.
The economic data in June on the other hand, fell from more mixed. While the expenditure of households in June (consumption) rose by 0.4 percent (approximately in line with expectations)
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received the income of households rose 1.3 percent (more than expected), because various government transfers figures, which beautifies the previous value, disappear.
When asked were the bank shares, which - because of their importance for the overall market - the stock market barometer to increase pushed total. The Financial Title again benefited from the good real estate data, the fewer risks for the mortgage loans show.
The Dow Jones Industrial Average advanced 0.36 percent to 9,320 points, which - for the broad U.S. stock Representative - S & P 500 rose 0.30 percent to 1,005 points technologielastige and the Nasdaq composite index gained 0.13 percent to 2,011 points.
Dow Jones Average: Renaissance of the banks
Tops:
The top of the Dow was Caterpillar with a plus of 6.1 percent to $ 47.89. The construction Sumo merely confirmed his long-term outlook. Was there someone on the other hand, bet?
The Travelers, the insurer continued its climb yesterday and continued advanced 2.8 percent to $ 46.26. The recovery attenuates the risks and the rally highlights the value of its investments.
Bank of America gained 2.1 percent to $ 15.64. The banks were back from the good real estate figures suggested, because a recovery in the DIY market and the financial groups doing good.
Flops:
Cisco lost 0.5 percent to dollar. The King of the Internet infrastructure (routers and the like) sets on Thursday its Q2 figures. Previously probably some players took money off the table.
S & P 500: Full Pilot
Tops:
The banks ETF Financial Select Sector SPDR advanced 2 percent.
Morgan Stanley 2.6 percent more expensive at $ 30.07.
The insurer MetLife gained 3 percent to $ 36.73.
There was the strength of airlines. The carrier reported passenger numbers are declining due to capacity reductions (less flights), the machine is better utilized. It also helps the recovering economy.
Continental rose 3.4 percent to $ 11.88.
Delta advanced 2.7 percent to $ 7.17.
U.S. Airways Group climbed 9.9 percent to $ 3.01.
PepsiCo rose 5.1 percent to $ 59.06. The behind Coca Cola’s second largest beverage producer in the world buys its bottler Pepsi Bottling and Pepsi Americas, and will thus cost savings.
Pepsi Bottling climbed 8.5 percent to $ 36.49.
Pepsi Americas jumped 9 percent to $ 28.50.
Flops:
Noticeable was the weakness in retail stocks, despite rising consumption in June. Presumably, the decline in household income as a bad omen, because the weakness in consumer income in the coming months could be a burden.
The department store operator Macy `s lost 2.8 percent to $ 14.09.
The Wal-Mart rival Target lost 2 percent to $ 42.17 one.
Nasdaq: Classical Recreation
Analyst Alex gauna from JMP Securities broker provides a “classical relaxation” in the semiconductor shares ( “Classic Semi Rebound”). The expert relies on the most recent figures from the World Semiconductor SIA.
Gauna took this opportunity and reaffirmed its decision “Outperform” and $ 24 price target for Intel. The shares crumbled 0.3 percent on still $ 19.32.
The Philadelphia Semiconductor Sector index of 19 semiconductor title recorded improved anemic 0.07 percent at 307 points.
Apple had 0.5 percent to $ 165.55 from.
The smartphone rival Research in Motion, maker of the BlackBerry smart phones, rose 2.5 percent to $ 78.51.
Palm lost 3.2 percent to $ 15.31.
Cray jumped 14.7 percent to $ 9.36. The supercomputer-produced earned 10 cents per share that analysts were opposed to plus / minus zero is assumed.
Microsoft reduced 0.3 percent to $ 23.77.
Internet: Gut defended
The e-commerce retailers followed the papers to the south, which seem to be below the low income data in June suffered.
Amazon.com lost 1.9 percent to $ 85.80.
The rival Ebay lost 0.9 percent to $ 21.84 one.
The online video store Netflix fell 1.8 percent to $ 44.18.
The area of portals / search engines, and content was a bit better:
Google advanced 0.3 percent to $ 453.77. Despite the attack of the Microsoft search engine of search engines may Bing-King to defend his world tour. According to ComScore crumbled Googles of the world market only in June to 68.9 percent (May. 69.3 percent). Microsoft has stagnated at 2.3 percent.
Yahoo gained 1.2 percent to $ 14.51.