Consumers lift Wall Street – Business World

The courses on Wall Street has traded slightly higher on the statistics heavy Friday. Preliminary statistics on consumer confidence in the US came, among other things in better than expected and supported the index. The energy and telecom sectors have been going strong.

“This is a market that has something for everyone, but where many stands on the sidelines and are skeptical,” commented John De Clue at US Bank Wealth Management, told Reuters.

The Dow Jones Industrial Average was at 16:14 up by 0.1 percent to 17,661. On the broader market rose S & amp; P 500 by 0.1 percent to 2,041, while the Nasdaq Composite rose 0.1 percent to 4468.

The interest rate on the ten-year bond was unchanged at 2.35 percent while trettioårsräntan fell 2 basis points to 3.06 percent.

Consumer confidence in the US, according to the University of Michigan Consumer Sentiment Index, totaled preliminary 89.4 in November. Analysts expected an outcome of 87.5. Last month’s final level was 86.9.

Statistics are also presented regarding stocks of unsold goods in the United States. These were up by 0.3 percent in September compared with the previous month and compared with the gain of 0.2 percent analysts had expected.

Sales in the country’s retail trade grew by 0.3 percent on a monthly basis during October, which was better than the forecast average of 0.2 percent. A rising sales seen as promising for the approaching Christmas season characterized as it is by much shopping. Among other statistics, import prices fell slightly more than what the market expected.

At the company front stood among Halliburton, Hertz and Starbucks in focus on Friday.

Halliburton reported to hold talks on the purchase of sector colleague , oilfield services company Baker Hughes, which received the respective companies’ shares to advance. A collaboration between the companies would strengthen them against falling oil prices.

Halliburton has climbed 1.6 percent and Baker Hughes 1.2 percent.

Car rental giant Hertz has however fallen 6.5 percent. The Company will namely restate results for 2012 and 2013 as an audit revealed that significant changes are needed. Among other things, it is doubtful receivables in Brazil to be in.

Starbucks climbs however, despite news that they may have entered into an illegal tax treaty with the Netherlands. Starbucks is one of a number of companies being investigated by EU competition authority for this. Second, Amazon, Fiat and Apple. Starbucks has climbed 0.3 percent, Fiat fallen 0.5 percent and Apple advanced 0.8 percent.

Oracle and SAP have reconciled around a long lawsuit concerning copyright infringement. SAP allegedly improperly downloaded software from Oracle. SAP shall be as agreed to pay $ 357 million to Oracle.

“We are delighted to have reached this milestone and are extremely grateful that our efforts to protect innovation as well as the interests of our shareholders are rewarded,” wrote Oracle general counsel to Bloomberg. Oracle is up 0.6 percent on Friday.