Moscow. January 12. Dow Jones Industrial Average and Standard & Poor’s 500 ended the day Monday by weak growth and the Nasdaq Composite index declined, reports Bloomberg.
Lifting of stock quotes of the companies of the technology sector to end the session compensated for the fall in the price of securities of oil and mining companies due to lower prices for oil and metals.
The share prices of Apple and Intel on the basis of trades increased by no less than 1.6% for the previous week the decline exceeded 7.8 percent.
Meanwhile, the mining company Freeport-McMoRan Inc. fell by 20%, shares of Chevron Corp. fell 1.7%, and Exxon Mobil Corp. – 2.2%.
The quotations of 37 of the 40 energy companies in the S&P 500 index, declined on Monday amid continuing drop in oil prices.
Oil prices lower on Tuesday for a seventh consecutive session traded at the lowest level in 12 years because of concerns about demand for raw materials from China.
“The situation in China may become less pressing issue in the near future, because there are some indicators that the authorities in control, says chief investment officer at Philadelphia Trust Richard Sichel. – Investors ‘attention is gradually shifting from China to the season of corporate reporting and this can create a more favorable environment for the stock market”.
The value of Alcoa stock on an additional trade on Monday fell 1.3%, despite the fact that the statements of the company for the fourth quarter of 2015 was better than market expectations.
Among other companies reporting for the past quarter will be published this week – JPMorgan Chase & Co., Intel and Citigroup.
According to estimates of experts surveyed by Bloomberg, earnings of companies in the S&P 500 index in the fourth quarter decreased on average by 6.7%.
“The American economy is moving forward at a steady pace, says managing Director Stifel, Nicolaus & Co. Chad Morganlander. – External factors put pressure on the dynamics of income and revenue for U.S. companies and investors will closely monitor corporate reporting on this week.”
The Dow Jones Industrial Average at the end of trading on Monday rose by 52,12 points (0,32%) – to 16398,57 item.
Standard & Poor’s 500 rose 1.64 points (0,1%), amounting to 1923,67.
The value of index Nasdaq Composite has decreased on 5,64 points (0,12%) – to 4637,99 item.