Market Analysis

 

Tuesday, August 18, the American completed the stock market trading session with positive results, to dispel fears that a collapse of indexes on the previous day to mark the beginning of a full correction. The reason for the resumption of the rally began reporting retailers Home Depot and Target, which turned out to be better than expectations, as well as rising oil prices for the first time in 3 days. External news background for the U.S. session was quite good - trading in Europe ended in the black on a background of positive statistics on the economic expectations of investors in Germany, while the domestic situation in the U.S. market has been quite controversial, given the disappointing exit of housing market.

At the end of the trading indicator blue chip Dow Jones Industrial Average rose 82.60 points or 0.9% to a level of 9217.94 points, the index of a broad market Standard Poor's 500 rose by 9.94 points or 1.01% up to 989, 67 points, while the index of high-tech industries in the Nasdaq Composite went to plus 25.08 points or 1.30% and reached 1955.92 points.

Shares in retailer Target jumped 7.6% after the company reported a decline in quarterly net profit on 6.3% to $ 594 million, or 79 cents per share - higher than forecasts.

The largest retailer of products for home repair and Home Depot moved to 3.1%, reporting financial results for the second quarter - Earnings per share amounted to 67 cents, or approximately 10% higher than average expectations.

The operator of credit cards American Express became one of the leading growth among the blue chips - shares went up by 4.3% against a background of positive analyst comments. Shares Goldman Sachs Group added to the price of 2,1% on a similar occasion.

There were no abnormal swing - equities business konsaltera Huron Consulting Group soared 37.6%, with active bidding on the Nasdaq after the publication of quarterly revenue and profit, and automotive component manufacturer American Axle Manufacturing Holdings shot at 117% for the NYSE after reports of receiving financial assistance from GM of $ 210 million

In the high-tech sector is also dominated by the positive - Stocks Research in Motion, won first place in the ranking of the fastest growing companies Fortune, gaining 4.6%, the paper went to the Palm 4.9%, and Apple - on 2,8%.

September oil futures added $ 2.44, or 3.7% to a level of $ 69.19 on the NYMEX, while a day earlier fell below $ 67. Gold with delivery in December rose to $ 3.4 to a level of $ 939.20 per troy ounce. On the foreign exchange auction dollar weakened against the euro for the first time in 3 days.

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