Friday 23 december 2016 22:21 Dow Jones index christmas in under 20,000 points limit.
(ABM FN-Dow Jones) The U.s. stock exchanges on Wall Street on Friday, following the drop of yesterday, light closed higher. The leading S&P 500 index ended 0.1 percent higher at 2.263,70 points, the Dow Jones index closed also 0.1 percent higher on 19.933,74 points and the Nasdaq closed the last trading day before christmas with a plus of 0.3 percent, 5.462,69 points.
Today is the “last chance to see if the santa Claus [that 20,000 points gift to the 'bulls'] going to deliver,” said market analyst Naeem Aslam of Think Markets earlier on Friday, before the markets in New York opened. “It’s probably still too early for us to behave like children under the christmas tree is not a gift, have found that they wanted to have,” added Aslam. “We have finally, next week and next year.”
“Since the rate hike on december 14, the Dow Jones somewhat calmed down,” said market analyst Ron van der Does of IG. “The 20,000 for the Dow Jones seems still a hurdle too much. That is not to say that this level is no longer possible, because next week, there are still a few trading days. Ultimately, the index is still 100 points away from the magic number, in terms of percentage of 0.5 per cent, which is not an unbridgeable gap need to be,” he added.
CEO Jimmy Lee Wealth Consulting Group in Las Vegas, however, thinks that the casting of the 20,000 barrier only in 2017 will succeed, if the government Trump belastingvriendelijker measures for acting in the shareholders enter. “I do not think that we are above the 20,000 conclude for the jobs report in January,” he told MarketWatch.
At the macro-economic level, it was Friday announced that the confidence of American consumers in the economy in december further increased, as it appeared Friday from the final figures from Thomson Reuters and the University of Michigan. The index for consumer confidence rose to 93.8 at the end of november to 98,2 at the end of this month. That was the highest level since January 2015. The sub indicator for the economic expectations for the next six months improved of 85.2 to 89,5. The sub indicator for the current state of the economy rose to 107.3 to 111,9.
Sales of new single-family homes in the United States in november getegen, came Friday to figures from the ministry of Trade forward. The sale of single-family houses increased last month compared to October, adjusted for seasonality, decreased by 5.2 percent to a geannualiseerd number of 592.000 pieces. There was a number of 580.000 expected. The number of sold ne w homes in October was 563.000 pieces. On an annual basis, increased sales in november, with 16.5 percent. The average selling price amounted last month 305.400 dollar.
The February futures contract for a barrel of crude oil closed Friday on an early-ending day of trading on the New York Mercantile Exchange 0,07 dollar or 0.1 percent higher on 53,02 dollar, the highest closing price since 14 July 2015, according to data from Dow Jones.
The euro/dollar recorded 1,0450. At the start of the trading day moved the currency pair is still on 1,0442 and at the close of the U.s. markets on Thursday, there was a state of 1,0436 on the signs.
The American and European stock exchanges are Monday, boxing Day, closed. At the macro-economic level are in the U.S. for Tuesday two publications put on the agenda: the S&P Case-Shiller huizenprijsindex about October and the Conference Board’s measured consumer confidence in december.
company News
Royal Dutch Shell, whi ch also has a listing in New York, closed 0.2 percent lower, after the British-Dutch olieconcern Friday reported 250 million dollar a stake of 20 percent in Vivo Energy for $ 250 million Vitol Africa to sell. Shell expects the transaction in the course of the first half of 2017 to finalize, subject to the approval of regulators. Additional reported Shell is a long-term license agreement with Vitol. This is to ensure that the brand of Shell in more than 16 countries in Africa remains visible.
Deutsche Bank, also in New York-listed, closed 0.5 percent higher, after the bank a settlement with the U.s. department of Justice, from 7.2 billion due to the issuance of mortgages covered bonds.
Chevron announced Friday the sale of its geothermal operations in Indonesia and the Philippines to Star Energy Consortium. The financial details of the transaction were not disclosed. The stock closed 0.3 percent lower.
Cintas recorded 3.3 percent lower, after the manufacturer of work wear and cleaning products for offices, reported for fiscal 2017 a profit with 4,57 to 4,65 dollar per share on a revenue of 5,18 to 5.23 billion dollars. Analysts expected a profit per share of eur 4.61 dollars on a turnover of 5.2 billion dollars.
Prestige Brands, rose in New York, 5.6 percent, after the company on Thursday had reported the non-listed CB Fleet to take over for 825 million dollars.
General Motors closed flat. The automaker has in China a fine of only 29 million dollars due to the illegal price-fixing.
By: ABM Financial News.
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(END) Dow Jones Newswires
December 23, 2016 16:21 ET (21:21 GMT)
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