March 19th, 2010
U.S. stock indices rose on the results of trading on Monday, more than 1,1% thanks to the good statistics, as well as the expense of positive financial results of Exxon Mobil, reported Bloomberg.
At the same time, quotations of futures on Tuesday show negative dynamics: the March contracts for SP 500 lost nearly 0.15%, for Dow Jones - 0,17%.
costs of the U.S. population in December increased by 0.2%, revenue - by 0,4%, according to the Ministry of Commerce. In December, consumer spending rose a third consecutive month, pointing to the fact that they can make a significant contribution to economic recovery in the coming months, experts say.
In addition, the index of industrial activity in the U.S. (ISM Manufacturing) in January rose to a maximum from August 2004 - 58.4 points, the experts had expected a decline to 55.5 points. Excess index mark of 50 points means increased business activity in the industrial sphere.
“upward trend in the market. There are still good value to grow”, - considers the chief investment officer at Dreman Value Management LLC, David was dozing.
Exxon Mobil”s share price rose by 2,7%, after profits of the largest U.S. oil producer in the fourth quarter decreased not as much as experts had expected, by increasing oil prices and production.
This news risen as the paper Chevron - by 2%.
“The phenomenal corporate profits are moving up market, - said the chief investment officer at Wilbanks, Smith Thomas Wayne Uilbanks. - That is why we can not get a correction of more than 10%, because that corporate performance is simply too good.”
data on the improvement of activity in the industrial sector caused an increase in stock price of coal companies. In particular, the paper Massey Energy jumped 7.9%, which was on Monday, a record increase among the papers included in the calculation of the SP 500. Also, increased value of shf07ares of Consol Energy (by 7,2%) and Peabody Energy (by 4,9%).
Shares
Cliffs Natural Resources added to the price of 7,8%. Analysts FBR Capital Markets raised the estimate of profit North America”s largest producer of iron ore in the fourth quarter to 39 cents a share from 17 cents.
At the same time, the price of securities the world”s largest Internet retailer Amazon.com fell by 5,2%, which was the second largest drop among the shares of the SP 500.
Index Dow Jones Industrial Average on Monday, rose 118.2 points (1.17%) - to 10,185.53 points.
Value
Standard Poor “s 500 rose for the day at 15.32 points (1.43%), amounting to 1,089.19 points.
Nasdaq Composite added up to the auction 23,85 points (1,11%) - up to 2171.2 points.
Since the beginning of this year, reducing Dow Jones and SP 500 over 2,3%. The Nasdaq lost in this year”s 4,3%.
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Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank “
The ld2deaders of the positive impact on the RTS index in January, shares were “Sberbank, Norilsk Nickel and RusHydro



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