At The Core
World News
Wall Street is moving upward
As expected, the increase in U.S. indices is very shy. Investors are always in effect evidence of caution before the publication of several major macroeconomic indicators. In early trading, the Dow Jones and Nasdaq 100 advanced 0.04% to 10,572 points and 0.01% at 2340 points. Tuesday after a turbulent session, the U.S. stock markets finished slightly higher, the Nasdaq has shackled its tenth session in the green.
Almost an hour after the opening exchanges moving despite the absence of news on the rise, with respective increases of 0.22%, 0.65% and 0.49%. Financial stocks feed this trend.
The next U.S. statistics are expected Wednesday, with the traditional weekly report on unemployment, wholesale inventories in January and after closing the federal budget in February.Weekly Market in the United States, will then be placed under the sign consumer with the publication tomorrow of the sales details for the month of February and the preliminary estimate of consumer confidence.
Oil finished down slightly on Tuesday on the New York market, falling from a high of eight weeks, the April contract closed down 0.5%, to 81.49 dollars, penalized by a stronger currency U.S..
AIG rise another 12%
On the side of values, the insurance giant AIG, which forced march to advance its restructuring was awarded 13% Saturday and climbed again this Wednesday, from 12.57% to 36.89 dollars. Traders welcomed the efforts made by the insurance company to reimburse the state aid, a shareholder at 80%. The group conducted a series of steep cuts to enable it to garner around 25 billion dollars.
Citigroup allows itself for its 4.19% to 3.98 dollars after yesterday awarded more than 7.5%. The state could sell shares in the bank.
United Airlines has announced a growth of 18% of its turnover in passenger transport on February. The president said the group observed clear signs of renewed activity. Note, however, the snowstorms have affected the company announced a loss of 40 million due to the cancellation of hundreds of flights. The securities are 3.69% on Wednesday to 18.83 dollars.
Facet Biotech Corp. has accepted the takeover offer made by Abbott Laboratories, priced at $ 27 per title, a cash offer totaling $ 450 million. Direct impact on the stock market: Facet Biotech Corp. explodes from 66.19% to 26.94 dollars.Abbott remains in equilibrium.
Cisco on Tuesday claimed a major milestone in the conquest of Internet connections at very high rates, presenting a new router overkill.
- Wall Street limits losses
- Large labs scramble biotechs
- U.S. exchanges around the equilibrium
- Wall Street still heavily lower
- Fragile, Wall Street falls further