Internal statistics proved worse than expected. In particular, the volume of industrial orders in the country in September decreased by 1% while analysts expected decrease on 0,9%.
MOSCOW, 4 Nov. U.S. stock indexes rose on Tuesday, despite worse than expected internal statistics, according to data exchanges.
The Dow Jones industrial average rose 0.5% to 17918,15 point, high-tech NASDAQ — on 0,35%, to 5145,13 points, the index of wide market S&P 500 by 0.27% to 2109,79 item.
In particular, the volume of industrial orders in the U.S. in September declined by 1% while analysts expected decrease on 0,9%.
Investors are also waiting for new reports of corporations — this week on its financial results will inform companies such as Time Warner, Allergan and Facebook. Among the reported companies profit 74% were better than expected. Now analysts believe that, on average, profits of companies in the third quarter will decline by 3.9%, while the week before expected decrease of 6.1%, according to Bloomberg.
“I suspect that the achievement of the S&P level of 2,100 points yesterday forced some investors to think”, — says the chief strategist at Wells Fargo Funds Management John Manley, quoted by the Agency MarketWatch.
