Market Analysis

 

Tuesday, 19 January, the U.S. stock market has demonstrated a confident positive momentum. Key role in raising the indices played rumors that the Republicans will not allow the progress of reforms Obama, in particular, health care reform. Against this background, the relevant sector has managed to make good progress. High-tech sector looked better than the market thanks to the comments and recommendations of analysts. In general, all industries SP 500 index finished the session in positive territory.

Following the session, the indicator of blue chips Dow Jones Industrial Average rose by 115.78 points or 1.09% to a level of 10,725.43 points, the index is a broad market Standard Poor "s 500 rose 14.20 points, or 1.25% to a mark 1,150.23 points and the index of high-technology Nasdaq Composite has left in plus on 32.41 points, or 1.42% to 2,320.40 points mark.

The health sector in the broad market index, led the rally, having advanced by 2%. Major pharmaceutical companies Pfizer and Merck Co strengthened by 2,6% and 2,9% respectively. Shares of the tenth largest in the world of pharmaceutical company Eli Lilly went up by 4,4%.

Health insurers have also shown impressive growth, in particular, the paper Humana soared 7.1%, and Aetna - by 4,2%.

It is worth noting that the news regarding the promotion of health reform in the U.S. market is perceived differently, that is positive, then negative. As for the Republicans, who are against reform, they believe that the adoption of the reform will increase taxes, increase the budget deficit and add the company"s problems.

Equities developer of network software and network equipment manufacturer Ciena soared by 11% and rally support for high-tech sector, after Credit Suisse analysts recommend "buy". In anticipation of reporting all of IBM"s largest sector companies were in demand on the part of the session - Intel shares added 1,2%, Apple - 4,4%.

Fast-food giant McDonald "s advanced by 1,9% due to the fact that Credit Suisse analyst upgraded the rating of its shares.

Citigroup shares rose 3.5% against the background of the fact that the bank"s losses for the fourth quarter declined compared with 2008

One of the world"s largest manufacturers of packaged foods Kraft Foods looked worse than the market against the background of news on the price increase proposal of the British confectioner Cadbury, not accepting the earlier proposal.

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