Reassured about the poison, Wall Street ended in the green
After long hesitation, the U.S. stock markets end on a small rise on Wednesday. At the close, the Dow Jones gained 0.27% to 11,723 points, the Nasdaq climbed 0.78% to 2702 points and the S & P ahead by 0.50% to 1277 points. The indices were displayed in the red in early trade but the trend was reversed in favor of two macroeconomic statistics found reassuring:
– Operators have learned earlier this afternoon, good numbers of the ADP survey on employment in the United States. Job creation in the private sector were almost three times more than expected in December. In total, 297,000 jobs have been created over this period, while the consensus expected 100,000.This increase is greatest over a month since 2001.This statistics were scrutinized by investors because they often foreshadow those of the monthly report on employment expected Friday, a major indicator to assess the strength of U.S. recovery.
– Moreover, the ISM index on the service sector stood at 57.1 last month, a highest since May 2006, while economists and analysts surveyed on average had forecast an index to 55.6. This is much more representative of the U.S. economy as the ISM manufacturing sector released Monday.
Retail sales climb
Also on the macroeconomic front, according to Retail Metrics, retail sales in the U.S., rose 3.4% in December over a year. This is their strongest growth since 2006 and the best month of the year for U.S. distribution.The snow storms that have occasionally affected sales, purchases by households after Christmas, were very dynamic.
More good news: the real estate office would have improved slightly last year. For the first time in 3 years, rental prices have increased slightly in the fourth quarter 2010 vacancy rate remains high (17.6%, the highest since 1993) and the prices are low (they were $ 25 average in mid-2008). But the stabilization or even slight recovery, employment benefits to this area.
Operators leave a little later the pessimistic talk of the Fed. In reporting its last meeting, it considers that the European crisis is one of threats to the recovery in the United States.
Facebook and Goldman Sachs in the crosshairs of the SEC
The side of values, Constable U.S. stock, the SEC decided to look at investment bank Goldman Sachs (+0.50% to 173.94 dollars) in Facebook, to ensure that it not circumvent the rules governing non-listed companies, says the Wall Street Journal. Under the current rules, dating from the '60s, when a private company reaches a threshold of 500 shareholders, it becomes compelled to disclose certain financial information. Many commentators saw in the investment of 500 million made by Goldman Sachs with the Russian group mail instant payday loan.ru a way for the community site to gain access to customers of the prestigious U.S. bank, while remaining below this threshold, and freeing itself from any limitations of transparency.Depending on the outcome of its investigation, the SEC could recast the regulations in force, according to the Wall Street Journal. For the regulator, the newspaper said, the challenge is to find a compromise between protecting investors and unlisted companies will have access to sources of capital.
Also note, the year 2010 has been very positive for automakers and marks the return of the Big Three U.S. automakers General Motors (+0.47% to 38.08 dollars), Ford (2.99 to 17%, 90 ollars) and Chrysler, according to figures released yesterday after the close of Wall Street. A total of 11.6 million vehicles were sold in the U.S. last year, up 11% year on year, according to provisional figures from Autodata.Manufacturers should respond to these figures.
Always on the side of values, also after market, the manufacturer of fertilizers Mosaic (2.79% to 77.09 dollars) has published its results for the second fiscal quarter. The group's profits climbed to over $ 1 billion, well beyond analysts' expectations. Turnover was up 59% to $ 2.7 billion is also above expectations.
In addition, the American designer of components for mobile phones Qualcomm (2.08% to 52.03 U.S. dollars) Wednesday announced the acquisition of its partner Atheros Communications (1.45% to 44.64 dollars), a specialist WiFi and Bluetooth connectivity, based on an enterprise value of $ 3.1 billion.
Annual gathering of consumer electronics in Las Vegas
The world of consumer electronics is preparing the opening Thursday of its big annual event in Las Vegas.This market is in full recovery is expected to reach almost one trillion dollars this year. Moreover, the Chinese computer manufacturer Lenovo introduced on Tuesday in Las Vegas a new hybrid version of its IdeaPad computer, a laptop running on Microsoft Windows 7 (-0.31% to $ 28) with detachable screen can turn into a tablet Android (Google (1.15% to 609.07 dollars). In the same sector, the U.S. Court of Appeals reinstated a verdict quashed in September thought that the software giant Microsoft guilty of patent infringement against rival Uniloc, but has not confirmed a significant financial penalty of $ 388 million.
In Europe a heavy presumption weighs manipulation on Google.This is evident first of questionnaires sent to European players of the Web by the European Commission as part of its antitrust investigation on U.S. Internet group.