Wednesday, January 19, 2011

::Dow Jones Cs Stronger Thanks to Google & Caterpillar>>

Go Finance Report - Market shares of the United States (U.S.) has increased thanks to Google and Caterpillar, whose performance is very positive. In fact, shares of Citigroup, and Apple's previously looked pressing stock index due to weak financial performance.

Apple Inc. shares initially slipped 2.3 percent to USD340, 65 prior to its financial statements released since said it planned to rationalize the number of employees. Shares of technology companies led the pressure on the stock index. Apple has a weight of approximately 21 percent on the Nasdaq edged up 0.2 percent.

"For me, it looks like it is disturbing news for companies. But for Apple, it will not be a problem," said managing director Stephen Massocca Wedbush Morgan in San Francisco as quoted by Reuters.

After the closing bell, Apple Inc reported earnings better than expected, driven by holiday sales of the iPhone and iPad blockbuster, making the stock rose 4.3 percent to USD355, 22 in the next trading session.

Before the earnings were released, has said he is confident Massocca iPad maker will report strong results. During the trading session, news about Apple and the decline in the company's stock has actually been offset by rising shares of Google.

Google shares rose 2.5 percent to USD639, 63. Google shares advanced after some brokers to increase their price target on the company's stock before the earnings number one search engine on the internet was released.

Dow also rose moderately, driven by rising shares of Caterpillar Inc. Shares of heavy equipment manufacturers rose to 2.8 per cent to USD96, 23 after Raymond James increase its price target earlier than USD95 to USD116.

Boeing Co. shares also rose 3.4 percent to USD72, 47, International Business Machines Corp. rose 2.7 percent to USD154, 70.

Apart from Apple, Citigroup Inc. shares also fell 6.4 percent to $ 4, 80 after the third largest in the U.S. reported a sharp decline in revenue from bond trading that drives profits below expectations.

At the close of trading on Tuesday (01/18/2011) local time, the Dow Jones industrial rose 50.55 points, or 0.43 percent to 11837.93. Standard & Poor's index rose 1.78 points, or 0.14 percent, to 1295.02. The Nasdaq Composite Index rose 10.55 points, or 0.38 percent to 2765.85. (GoFinance)

No comments:

Post a Comment