Wednesday, April 27, 2011

::Sweet! 3 Major U.S. Indices Print The highest record>>

Go Finance Reporting in NEW YORK - The financial statements are positive from a number of issuers in the United States (U.S.) stock market managed to push a positive move. Plus a number of reports of this issuer making market participants believe the other issuer's financial statements will also be positive.

S & P 500 Index this time touched the 1344 level. This is a resistance level. Thus, this index opportunity to strengthen further the open.

Ford Motor Co., 3M Co. and United Parcel Services Inc. are among the names of bellwether for the impressive, continuing a series of positive financial reports, better than expected.

"This increase is the result of multinational companies that have reported good earnings numbers. Which is also projecting a positive thing in the future. They are blue-chip issuers who will be more radiant," said managing director at Rosenblatt Securities, Joseph Benanti as quoted by Reuters, in New York.

Shares of 3M, a Dow issuers, increased 1.9 percent to USD95, 94. While UPS rose 0.9 percent to USD74, 30. And Ford rose 0.7 percent to $ 15, 66.

According to Thomson Reuters data, as much as 35 percent of the total listed companies, amounting to S & P 500 companies have reported earnings. Where 76 percent exceed the expectations of analysts.

But there are some disappointments. Shares of Coca-Cola Co. fell 1.2 percent to USD66, 93, after its revenue in Japan fell. So is the U.S. Steel Corp. and Netflix Inc., which has decreased the share price after announcing financial statements seen as negative.

The three major U.S. stock index reached its highest level this year, even the Nasdaq rose to its highest level since October 2007. But actors seem to wait and see trades for a press conference ahead of the U.S. Federal Reserve Chairman Ben Bernanke.

At the close of trading on Tuesday (04/26/2011) local time, the Dow Jones industrial rose 115.49 points, or 0.93 percent at 12595.37. The broader Standard & Poor's 500 index rose 11.99 points, or 0.90 percent, to 1347.24. And the Nasdaq Composite Index rose 21.66 points, or 0.77 percent to 2847.54.
(GoFinance)

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