Thursday, June 4, 2015

Calm trading on Wall Street – Private Businesses

Despite the somewhat hackneyed debt problems between Greece and lenders consisted, continued the topic will be the focus for traders who covered the news.

Nothing of greater value reported during trading but the latest news is that Germany had engaged in negotiations to speed on the whole.

by sector, banking and telecommunications strongest, and Citigroup set a new year high. Commodity-Related went countercurrent after a clear drop in crude oil.

On the macro scene increased the number of employees for the month of May in the private sector, marginally more than the pre tips. According to market give an indication before the official labor market report released on Friday.

The Dow Jones Industrial Average closed 0.4 percent higher on the index level of 18,076. S & amp; P 500 rose 0.2 percent to 2.114 level and the technology-heavy Nasdaq Composite recorded 0.4 per cent up to 5099.

The turnover in the number of shares amounted to 661 million on the New York Stock Exchange and 1.8 billion on the Nasdaq.

Best of sectors within the broad S & amp; P500 was the finance and telecoms. Rising bond yields helped including Wells Fargo 1.3 percent higher, which was near previous record levels.

In the telecommunications rose AT & amp; T 2 percent, Frontier rose 4 percent after a buy recommendation from the DA Davidsson.

The counterflow developed commodity-related in the wake of lower oil prices. Chesapeake Energy fell 3.5 percent and Diamond Offshore Drilling dropped as much.

A big rush was Synchronoss Technologies which closed 15 percent higher. The Wall Street Journal wrote that the company, which sells software for managing electronic transactions, working with advisers about a possible buyout from the stock market.

Ambarella, manufacturers of semiconductor components for compression of high resolution video and image processing, plus the said 3.5 percent. The company has reported higher sales and earnings than analysts expected. A higher sales forecast for the second quarter was also interpreted as positive.

Another share with tension in the Stock Building Supply, which rose 14 percent. The company, which supplies building materials, will merge with the unlisted building materials to take advantage of the recovery in the US construction market.

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