Wall Street returned to growth
The US stocks started the week with increases recovering from the low levels on Friday. The Wall Street investors started interpreting more positively the strong employment report last week, which was first been accessed as a sign for increasing of interest rates from the Fed. The index of 30 leading US companies Dow Jones rose […]
The US stocks started the week with increases recovering from the low levels on Friday. The Wall Street investors started interpreting more positively the strong employment report last week, which was first been accessed as a sign for increasing of interest rates from the Fed. The index of 30 leading US companies Dow Jones rose with 0.8% to 17,996 points, the index of big companies S&P 500 rose with 0.4% to 2,079 points, while the technology-oriented Nasdaq added 0.3% to 4,942 points.
The shares of Apple added 0.4%, as the company revealed details about the features and price of their clever clock. The prices of Apple Watch start at 349 USD, the clock will be able to make phone calls and will have 18 hours of battery life. The shares of Time Warner rose with 1.3% after news that Apple will partner with HBO video streaming service. The shares of General Motors rose with 3.1%, as the company will redeem their shares for 5 billion USD and is committed to return in the future to shareholders any excess in the cache over 20 billion USD. The shares of McDonald’s rose with 0.6% despite that the fast food chain reported a much larger than expected drop in sales both in the US and globally.
The shares of Alcoa fell with 5.4% after the aluminum giant buys the producer of metal RTI International Metals in a stock transaction worth 1.5 billion USD. The shares of Exxon Mobil also fell by 0.6%, although Goldman Sachs gave recommendation “buy” on shares, arguing that this is the only oil company that will generate positive free cash flow in 2016 and has a state necessary cash continue with acquisitions.
The USD remained unchanged against major currencies, and the yield on 10-year US government bonds fell by 0.05 percentage points to 2.19%. The WTI crude oil futures rose with 1% to 50.10 USD per barrel, while those on gold rose with 0.2% to 1,166 USD per ounce.
