Archive for March 31st, 2010

Wall Street closed on a small rise

Auto Date Wednesday, March 31st, 2010

The NYSE was closed Tuesday's session on a small rise of 0.09% and the Nasdaq in a progression of 0.25%.

On the macroeconomic front, the S & P / Case Shiller information that housing prices in the United States remained stable in January compared to the same month last year. The confidence of American consumers, meanwhile, rebounded in March, the index of the employers' organization Conference Board emerging in March to 52.5 against 46.4 in February.

At a conference in Washington, the economic advisor to U.S. President Barack Obama, Paul Volcker said Tuesday that the country's banks were expected to be dismantled in case of power problems. "Ultimately the company is experiencing failure should be liquidated or merged. It is a penalty, not a hospital, "he said.It was also positioned for the creation of a public authority that could take control of a financial institution at risk. A proposal backed by the U.S. government and adopted by Congress in the debate on financial regulation.

Other key indicators of the week will be Wednesday the index of activity in the Chicago area and the numbers of orders in February. Thursday last week's meeting, the market will focus on the ISM index of manufacturing activity and construction spending in March.

But the main highlight of the week on the macroeconomic level is expected Friday with the release of monthly statistics of unemployment in the United States payday advance online. The U.S. markets will be closed, however in April 2 to Friday.Investors can therefore respond to the employment figures as the following week.

On the currency markets, the euro has stabilized against the dollar Tuesday after the limited success of a new bond issue in Greece. The euro bought 1.3481 dollars shortly after the opening of markets 1.3477 against the dollar yesterday.

Apple (1.48% to 235.83 dollars) reached in the meeting before a new record of 233.86 dollars after the maker of iPhone and iPod has announced that its latest product to date, the iPad would be put on sale this weekend. The company will also produce a new version of its iPhone. This should work on all mobile networks, ending the monopoly of AT & T in the distribution of smartphone.

The U.S. Treasury announced the sale later in the year 2010 from its 7.7 billion shares of banking giant Citigroup (-1.67% to 4.11 dollars).

Gartner (-0.48% to 22.59 dollars) in 2009 recorded a decline in sales of more than 10%. But the second half of 2009 is above expectations and the year 2010s'annonce in growth according to the group.

According to one analyst, Expedia (+0.04% to $ 24.36) would benefit from strong growth of its business earlier this year despite the announcement during his last performance, low reservation at the beginning of 'year.