Moscow. December 15. Trading on the U.S. stock market on Monday was rather confused, but the indices showed a moderate increase by the end of the session thanks to a recovery in oil prices, reports Bloomberg.
Investors are waiting for the final meeting of the Federal reserve system (FRS) this year, which will be held December 15-16. According to futures quotations at the level of basic interest rates, the probability of its increase by the Fed in December is estimated by traders at 74%.
During the day, Standard & Poor’s 500 dropped below 2000 points and the Dow Jones initially fell by more than 100 points, and played the fall and continued growth.
WTI crude oil price fell below $35 a barrel for the first time since February 2009, but the session oil prices finished above $36,2 per barrel.
“The market mood today is fully controlled oil prices. As they recover in the second half of the day was going up in price and promotions. Helped by the fact that the S&P 500 managed to hold above 2,000 points,” says head of Department of operations in stock market at RBC Global Asset Management, Ryan Larson.
However, participants of stock market were concerned about the difficulties on the market “junk” bonds. Third Avenue Management last week froze the repurchase and redemption of units of mutual Fund of high yield bonds and Lucidus Capital Partners liquidated the entire portfolio of such securities.
Last Friday the index funds high-yield bonds SPDR Barclays High Yield Bond ETF has fallen by 2% (the worst result in 4 years) – to the lowest level since July 2009.
Shares of the branded consumer goods company Newell Rubbermaid Inc. fell 6.9% after announcing the purchase of Jarden Corporation. for $13.2 billion to significantly expand our brand portfolio of products for the home and create a new giant in the consumer sector of the USA with an annual turnover of over $16 billion.
Meanwhile, the price of securities Jarden increased by 2.7%.
The stock price Dow Chemical Co. fell by 3.9%, as informed sources say, owns a 2% stake in hiscompany Dan Loeb (founder of hedge Fund Third Point) requires dismissal of Dow CEO Andrew Liveris. Loeb supports the deal, Dow and DuPont, the largest in the history of himachali, but expressed dissatisfaction with the timing of its announcement.
The market value of the manufacturer of the GoPro cameras fell by 9.6%, as analysts Citibank has revised its rating on the stock with “buy” to “neutral”, and their valuation from $75 to $22.
Quotations of securities of Apple fell on Monday by 0.6% after Morgan Stanley downgraded the forecast of iPhone sales and profits of the company for fiscal year 2016. Analysts at Morgan Stanley expect lower iPhone sales by 6%.
The Dow Jones Industrial Average on Monday rose by 103,29 paragraph (0,6%) – to 17368,50 item.
Standard & Poor’s 500 climbed 9,57 points (0.48 per cent) to 2021,94 item.
The value of the Nasdaq Composite increased yield 18.76 points (0,38%) – to 4952,23 item.