Dow Jones Results Best Level Since Christmas
Stocks on Wall Street score their best level since Christmas last year. After the release of strong earnings reports from IBM and Intel are inversely proportional to Google’s report.
In this week’s market situation become the busiest relating to “earnings season”, with some concern over the sharp growth in revenues and offset by cost reductions.
Quoted by Reuters on Saturday (01/21/2012), Dow Jones Industrial Average rose 96.50 points, or 0.76 percent, to 12720.48. Standard & Poor’s 500 index edged up 0.88 points, or 0.07 percent to 1315.38. But the Nasdaq Composite Index slid 1.63 points, or 0.06 percent to 2786.70.
This week, the Dow rose 2.4 percent and the S & P 500 rose two percent as reflected in the satisfaction of investors that earnings do not reflect the worst elements that influence the market. Given the problems in the eurozone that has weighed on investors.
“For now, investors earn enough profit in peace. They regretted Google’s revenue is down. But in general in the stock market is undervalued, at this level,” said Paul Mendelsohn Head of Investment Strategy.
As is known, IBM’s positive implications on the Dow Jones, a day after the company’s technology provides a strong outlook on economic growth.
IBM shares rose 4.4 percent to USD188, 52. On the other hand, shares of Google Inc. fell 8.4 percent to USD585, 99. Quarterly profit and revenue of the companies on the internet search giant did not answer the expectations of a declining level of search advertising.
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