Moscow. October 20. Us stock indices ended Monday in positive territory, despite the decline for most part of the session; stocks in the consumer sector has risen, offsetting the fall in the value of energy corporations, Bloomberg reported.
With the opening of trading, the index fell as market participants were concerned with statistical data from China and quarterly reports of U.S. companies, including investment Bank Morgan Stanley.
“It is not surprising that the market is not too strongly reacted to the Chinese GDP data was not so far from the consensus. Investors will focus on statements, but, in my opinion, the statements have more impact on individual companies than the overall market,” said market analyst from Miller Tabak & Co. Matt’malley.
This week, quarterly results manifest 117 companies in the S&P 500. Analysts on average expect a decrease of their profits by 6.7% in the third quarter, the worst predictions are given for the energy and extractive corporations.
Real GDP growth of China in July-September amounted to 6,9% in annual expression. The rate of growth slowed compared with the second quarter (+7%), but surpassed the expectations of experts, on average prognozirovanii rise by 6.8%.
However, the nominal GDP of China in the third quarter increased by only 6.2% in recalculation on annual rates – this is the weakest growth since 1999.
The PRC government expects to maintain the momentum of economic growth in 2015 at 7%.
The rise in the consumer sector of the U.S. stock market was led by Internet companies: Priceline Group Inc. and Netflix Inc. gained more than 2.7%.
The price of the securities of Weight Watchers International Inc., producing weight loss, has skyrocketed by more than 105%. The famous host Oprah Winfrey is going to buy 10% stake in the company and to enter into the composition of the Board of Directors.
The market value of the chipset manufacturer PMC-Sierra Inc. jumped 14.6%, as competing Microsemi Corp. offered to buy it for $2.4 billion Microsemi ended the session falling by 5.4%.
Shares of Morgan Stanley fell by 4.8%, which was one of the worst results among companies in the S&P 500. Adjusted profit in the third quarter was 42 cents per share versus 65 cents a share a year earlier and the market expected 63 cents per share.
Securities course drilling company Transocean Ltd. fell by 4.7%, oil Corp Marathon Oil. 5.2% amid declining oil prices. Shares of oilfield services provider Halliburton Co. shed 1.2% on weak statements.
The Dow Jones Industrial Average to the close of the market on October 19, rose of 14.57 points (0,08%) – to 17230,54 item.
The value of the Standard & Poor’s 500 increased by 0.55 points (0.03 percent) to 2033,66 item.
The Nasdaq Composite was up 18,78 points (0.38 per cent) and amounted to 4905,47 item.