Posts Tagged ‘wallstreet’
U.S. stock market weakened again due to negative sentiment from the energy sector. However, the share of consumption sectors, including tobacco listed issuers have increased. Shares of Coca-Cola Co. and Procter & Gamble Co. are two of the Dow Jones Industrial issuers that registered a significant increase. Coca-Cola rose 1.6 percent to USD51, 08 and P & G rose 1.4 percent to $ 60, 62.
Sektior consumption shares rose after the government said personal spending rose above expectations in the period May Whereas, in April earlier this data was recorded flat.
Meanwhile, stock prices of tobacco companies have rallied after the U.S. Supreme Court rejected the U.S. government’s efforts to obtain compensation fund from losses that arise from the tobacco industry. Altria Group Inc. climbed 3.3 percent to $ 20, 34 and Reynolds American Inc. jumped as much as 4.1 percent to USD53, 45. Then, the Dow Jones index Tobacco (DJUSTB) rose to 1.8 percent. Read the rest of this entry »
U.S. stocks turned up or rebound sharply on Monday (05/10/2010) local time with the blue chip Dow index closed up nearly 4 percent after a massive rescue package for the euro zone reduce investor fears of debt crisis. Dow Jones Industrial Average jumped 404.71 points (3.90 percent) to 10785.14 following a turbulent week for Wall Street which saw the index had dropped nearly 1,000 points on Thursday.
Following a strong rise by the Asian and European stocks, the Dow recorded their greatest increase in a single session since March 2009. The Nasdaq composite index rose 109.03 points (4.81 percent) to 2374.67, the first triple-digit daily increase since October 2008, while the index of the Standard & Poor’s 500 rose 48.85 points (4.40 percent) to 1159.73 .
Investors reacted positively to the joint adoption by the European Union and the International Monetary Fund, Monday, the beginning of 750 billion euro aid package (about 1 trillion U.S. dollars) to neighboring Greece and the euro zone to ease the crisis that threatens the global economic recovery. Read the rest of this entry »