The three major indices closed Thursday at a profit. Technology index Nasdaq broke a fifteen year old record, which stood since the Internet bubble. The S & amp; P 500 capped three times the highest closing level ever, but eventually fell slightly. Investors were further set with mixed quarterly results. By a strong dollar printed business results and disappointing sales outside the US played a leading role. Japan, China, France and the US brought disappointing purchasing manager indices for the industry out.
The Dow Jones rose 0.11% to 18 058 points. The broad-based S & amp; P 500 climbed 0.24% and closed at 2112 points. Nasdaq achieved with 5056 points (+ 0.41%), a new record. The old lock of 5048 points, was celebrated on March 10, 2000.
IBM
Earlier this week, US investors have reacted with disappointment disappointing figures from International Business Machines (IBM). Thursday signed the group to spot for the dagwinst in the Dow. By the announcement that IBM and PSA Peugeot Citroen will work together over the next seven years to connect cars to the Internet, the technology share could count on a profit of 3%
3M
Post-it maker 3M raised the profit forecast for the current financial year downwards. The strong dollar and disappointing sales outside the US have significantly pushed sales in the first quarter. Although the company worldwide able to achieve higher margins, quarterly sales fell by 0.7% to $ 7.6 billion. The share accounted for the biggest loss in the Dow, a min of 3%
Procter & amp.; Gamble
Procter & amp; Gamble, Unilever competitor, also gave. World’s largest manufacturer of household products saw its sales in the last quarter shrink by 8%. CEO Jon Moeller then brought the profit forecast for the end of this year downwards. News about opening eighteen plants in the next five years, investors could not change their minds. The stock lost 1.8%.
No comments:
Post a Comment