The main US stock indexes rose significantly, primarily thanks to the rally in the banking segment, triggered by a report that the market misinterpreted yesterday's ECB Draghi comments as "hawks," while shares of technology companies recovered after a two-day sell-off. The indices were also supported by the positive dynamics in the raw materials market.
In addition, investors assessed the data on the US housing market. The index of unfinished transactions for the sale of housing from the National Association of Realtors decreased by 0.8% in May, noting the third month of decline in a row. The index was 108.5 in May, and its April level was revised downward. Economists predicted an increase of 0.8%. The National Association of Realtors continues to blame the supply restriction in the uneven development of the housing market. "The buyer's interest is significant, but there is not enough resources to meet demand," said the chief economist of the group, Lawrence Yun, "prospective buyers are being removed because they are limited in choice and housing prices that are rising too quickly."
Most components of the DOW index recorded a rise (24 out of 30). Caterpillar Inc. was the growth leader. (CAT, + 2.56%). Most fell shares of Johnson & Johnson (JNJ, -0.98%).
Almost all sectors of the S & P index finished trading in positive territory. The leader of growth was the financial sector (+ 1.4%). Decrease showed only the sector of public services (-0,6%).
At closing:
DJIA + 0.66% 21,452.35 +141.69
Nasdaq + 1.43% 6.234.41 +87.79
S & P + 0.88% 2,440.62 +21.24
Major U.S. stock-indexes rose, as bank shares rallied, supported by the announcement that the markets misinterpreted ECB President Draghi's comments Tuesday as hawkish, while technology names recovered after a two-day selloff. Additional support was provided by growing commodities prices.
Almost all of Dow stocks in positive area (28 of 30). Top gainer - The Walt Disney Company (DIS, +1.94%). The only losers - Johnson & Johnson (JNJ, -0.24%) and Pfizer Inc. (PFE, -0.13%).
All S&P sectors in positive area. Top gainers - Basic Materials (+1.09%) and Financials (+1.06%).
At the moment:
Dow 21387.00 +96.00 +0.45%
S&P 500 2434.25 +13.75 +0.57%
Nasdaq 100 5717.25 +40.75 +0.72%
Crude Oil 44.58 +0.34 +0.77%
Gold 1250.20 +3.30 +0.26%
U.S. 10yr 2.22 +0.02
U.S. stock-index futures rose, as a selloff in technology stocks stalled and after a report that investors overinterpreted the ECB President Mario Draghi's comments about the regulator's readiness to start withdrawing fiscal stimulus.
Stocks:
Nikkei 20,130.41 -94.68 -0.47%
Hang Seng 25,683.50 -156.49 -0.61%
Shanghai 3,173.90 -17.29 -0.54%
S&P/ASX 5,755.70 +41.50 +0.73%
FTSE 7,435.97 +1.61 +0.02%
CAC 5,261.57 +2.99 +0.06%
DAX 12,646.88 -24.14 -0.19%
Crude $44.09 (-0.34%)
Gold $1,254.40 (+0.60%)
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 210.3 | 0.52(0.25%) | 1160 |
ALCOA INC. | AA | 31.99 | 0.36(1.14%) | 200 |
ALTRIA GROUP INC. | MO | 75.54 | 0.16(0.21%) | 2061 |
Amazon.com Inc., NASDAQ | AMZN | 983.8 | 7.02(0.72%) | 37186 |
American Express Co | AXP | 83.25 | 0.17(0.20%) | 934 |
AMERICAN INTERNATIONAL GROUP | AIG | 63.65 | 0.24(0.38%) | 225 |
Apple Inc. | AAPL | 144.52 | 0.79(0.55%) | 293847 |
AT&T Inc | T | 37.8 | 0.10(0.27%) | 8494 |
Barrick Gold Corporation, NYSE | ABX | 16.15 | 0.07(0.44%) | 35521 |
Caterpillar Inc | CAT | 103.63 | -0.30(-0.29%) | 1832 |
Cisco Systems Inc | CSCO | 31.98 | 0.22(0.69%) | 5970 |
Citigroup Inc., NYSE | C | 64.6 | 0.37(0.58%) | 27835 |
Exxon Mobil Corp | XOM | 81.05 | -0.06(-0.07%) | 1095 |
Facebook, Inc. | FB | 151.7 | 1.12(0.74%) | 122260 |
Ford Motor Co. | F | 11.09 | 0.01(0.09%) | 12057 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 11.73 | 0.01(0.09%) | 2400 |
General Electric Co | GE | 27.31 | 0.10(0.37%) | 11647 |
General Motors Company, NYSE | GM | 34.33 | 0.12(0.35%) | 4813 |
Goldman Sachs | GS | 221.5 | 1.22(0.55%) | 2469 |
Google Inc. | GOOG | 929.5 | 2.17(0.23%) | 18479 |
Home Depot Inc | HD | 152.5 | 0.26(0.17%) | 130 |
Intel Corp | INTC | 33.7 | 0.05(0.15%) | 26622 |
International Business Machines Co... | IBM | 155.6 | 0.85(0.55%) | 1038 |
JPMorgan Chase and Co | JPM | 88.5 | 0.45(0.51%) | 14420 |
McDonald's Corp | MCD | 153.76 | 0.04(0.03%) | 522 |
Merck & Co Inc | MRK | 65.51 | -0.03(-0.05%) | 530 |
Microsoft Corp | MSFT | 69.32 | 0.11(0.16%) | 62449 |
Nike | NKE | 53.5 | 0.55(1.04%) | 500 |
Pfizer Inc | PFE | 33.8 | 0.03(0.09%) | 6064 |
Starbucks Corporation, NASDAQ | SBUX | 58.9 | -0.06(-0.10%) | 3140 |
Tesla Motors, Inc., NASDAQ | TSLA | 367 | 4.63(1.28%) | 100682 |
The Coca-Cola Co | KO | 44.96 | -0.09(-0.20%) | 2998 |
Twitter, Inc., NYSE | TWTR | 18.23 | 0.11(0.61%) | 41551 |
Verizon Communications Inc | VZ | 44.98 | 0.14(0.31%) | 3894 |
Visa | V | 94.89 | -0.01(-0.01%) | 506 |
Walt Disney Co | DIS | 105.68 | 0.27(0.26%) | 1605 |
Yandex N.V., NASDAQ | YNDX | 26.83 | -0.05(-0.19%) | 2100 |
Visa (V) initiated with a Buy at Mizuho
General Motors (GM) resumed with an Overweight at Morgan Stanley; target $40
European stocks closed with losses Tuesday, feeling the weight of a rising euro, as profit warnings and merger concerns also hit the region's equities. The shared currency gained after European Central Bank President Mario Draghi said in a speech in Portugal that "a considerable degree" of stimulus is needed in the eurozone, a step back from the stimulus levels signaled in earlier speeches.
U.S. stocks fell on Tuesday, with major indexes ending near session lows after Senate Republicans delayed a vote on health care legislation and as losses for technology shares deepened. Tuesday marked the second straight daily decline for the Nasdaq. The S&P 500 has fallen in four of the past six sessions while the Dow has dropped in five of the past six.
Stock selling eased in the Asia-Pacific region Wednesday after overnight declines in the U.S. and Europe on worries the European Central Bank would reduce monetary stimulus.
(index / closing price / change items /% change)
Nikkei +71.74 20225.09 +0.36%
TOPIX +6.81 1619.02 +0.42%
Hang Seng -31.90 25839.99 -0.12%
CSI 300 +6.63 3674.72 +0.18%
Euro Stoxx 50 -23.44 3538.32 -0.66%
FTSE 100 -12.44 7434.36 -0.17%
DAX -99.81 12671.02 -0.78%
CAC 40 -37.17 5258.58 -0.70%
DJIA -98.89 21310.66 -0.46%
S&P 500 -19.69 2419.38 -0.81%
NASDAQ -100.53 6146.62 -1.61%
S&P/TSX -34.80 15281.22 -0.23%