Moscow. December 11. U.S. stocks rose on Thursday for the first time in four sessions amid data about growth of number of references behind the unemployment benefit in the USA, however, the rise has been moderate due to the ongoing decline in oil prices, writes MarketWatch.
WTI has fallen in price on 10 December by 1.1% to $36,76 per barrel, updating the minimum since February 2009. Despite this, the index of energy companies in the S&P 500 climbed 0.6%.
“The last week of the campaign, tightly followed the changes in oil futures on WTI, but it seems that this correlation finally disappears”, – said the chief market strategist at Wunderlich Securities Arthur Hogan.
The weak results on Thursday showed the generating company (-1.7%) and manufacturers of raw materials (-0,8%).
Traders await the December meeting of the Federal reserve system (FRS) evaluating the likelihood of higher interest rates this month in 78%.
In addition, they are interested in the completion of the reporting season in the next few days, quarterly results promulgated by Adobe Systems Inc., FedEx Corp. and Oracle Corp. Almost all of the companies included in the S&P 500, has already published financial reports, while 74% of them have surpassed earnings forecasts, and 44% by revenue.
The number of Americans who first applied for unemployment benefits last week increased by 13 thousand to maximum from the beginning of July 282 thousand Analysts polled by Bloomberg had expected less significant increase in the number of applications – 1 th
Share prices of ConocoPhillips rose 0.8% after announcing the upcoming reduction of capex in 2016.
Manufacturer of action cameras GoPro has added 11.5 per cent, as the market appeared information on possibility of its purchase by Apple. In recent months, GoPro shares fell by 45%, while bets on further declines reached record levels, so the deal may be profitable for Apple, analysts say.
Capitalization of the Australian software developer Atlassian Corp. jumped by 32.3% on debut trading on the NASDAQ on Thursday. The company raised $462 million received when placing capitalisation of around $4.4 billion According to the estimates of Renaissance Capital, making it the fifth largest IPO of 2015.
The price of securities Men’s Wearhouse fell by 17%, to the lowest level since the beginning of 2009, due to weak results and forecasts units recently acquired Jos. A. Bank. In August-October sales of Jos. A. Bank declined by 14.6% since the beginning of the current Fincastle – 35.1%. Against this background, Men’s Wearhouse recorded a quarterly loss.
The market value of Yum! Brands fell by 1.2%. The company plans to pay shareholders $6.2 billion before disposal of Chinese assets.
Securities course manufacturer of solar panels First Solar fell by 7.7% due to investors ‘ disappointment with the forecast of financial indices. The same reason led to the collapse of share prices of telecommunications equipment manufacturer Ciena Corp. almost 17%.
The Dow Jones Industrial Average at the end of trading on 10 December climbed 82,45 point (0,47%) – to 17574,75 item.
Standard & Poor’s 500 increased by 4,61 points (0,23%), to 2052,23 item.
The value of the Nasdaq Composite increased by 22,31 points (0,44%) – to 5045,17 item.