Wall Street opens in the red
July 23, 2010
After their fine up yesterday, the U.S. equity markets are cautious on Friday. The Dow Jones yielded 0.01% and the Nasdaq 0.53%. The Standard & Poor's 500 abandoned, for its part, 0.44% to 1088.89 points
On the foreign exchange market, the euro off again on the rise against the dollar in the morning, after the publication of a German Ifo barometer jumped in July, but remained confined to below $ 1.30. The euro was at 1.2956 dollars against 1.2886 dollars late on the eve of the day.
On the macroeconomic front, the session looks very calm. No major indicator is expected in the United States. Wall Street should have their eyes on Europe.Operators should indeed play the card of caution before publication in the evening the results of resistance tests 91plus major European banks.
From the values listed, investors will react to another round of results published the day after the close of Wall Street.
The U.S. computer giant Microsoft seems to have turned the page on the economic crisis with a quarterly profit up 48% year on year, better than expected, more than 4.5 billion dollars. Over the year, net income jumped to 18.760 billion dollars, up 29% and sales to nearly $ 62.5 billion, up 7%. the title gives 0.16% to 25.80 dollars.
Always on the side of values, the Internet retailer Amazon has posted Thursday a net profit increase of over 45% in the second quarter but below expectations.The penalty was severe the security loses nearly 9% to 109.61 dollars.
The credit card issuer American Express American issued Thursday a net income group share increased by 3 over one year to over $ 1 billion in the second quarter. The group was encouraged by the recovery of expenses of its customers and lower defaults on credit cards. Title varies slightly.
Note also the flash memory maker SanDisk has announced a quarterly benefit of $ 257.9 million slightly exceeded expectations. The turnover was 1.18 billion over the quarter against 730 million last year. "The U.S. market is recovering quickly (27%) and becomes profitable, but significant uncertainties remain safe with the new law on the distribution of consumer credit" note the experts at Aurel BGC.The group remains very cautious on the outlook for activity in the United States.
Sorry, comments for this entry are closed at this time.