Wall Street sign a nice weekend
The Dow finished Friday's session on a beautiful hike, to 1.66% at 10,150 points. Ditto for the Nasdaq Composite, which rose 1.65% to 2154 points and the S & P, up 1.66% to 1065 points.
One weekend while encouraging the U.S. equity market had suffered the costs of bad economic indicators since Monday, including on the front of the property. Thursday evening, the trend was still in pessimism: the Dow Jones has even finished the session below 10,000 points. A performance-cons that he had done since July 6. However, new listings weekly unemployment have edged down.
U.S. GDP in the second quarter worried …
This Friday, leproduit GDP grew only 1.6% annual rate in the second quarter, according to the second estimate of the Department of Commerce.A figure down 0.8 points from the first estimate and betrays the slowdown after growth of 3.7% annual rate in the first trimestre.Mais markets had already built this bad news and scenario of a slowdown in economic recovery of the world's largest economy.
Also due this Friday, Ben Bernanke's speech, delivered as part of the summer meeting of the Fed in Jackson Hole. The central banker acknowledged that growth had slowed more than expected. But he felt that the time was not immediately put in place new emergency measures. Without excluding the possibility for the future.
Intel sales lower in Q3
Intel Corp.. announced that he saw in its forecast of sales for the third quarter of this year. In case any demand for PCs in the country says "mature".The software giant now expects sales to 11 billion dollars, plus or minus 200 million euros No fax payday loans. It provided between 11.2 billion and 12 billion dollars before.
The action was first Intel fell, then was recaptured shortly after the announcement. At the close, the stock rises from 0.16% to 18.41 dollars.
OPA: buyouts and rumors abound
On the corporate side, if the quarterly results now seem far away, takeovers continue by making the news in New York. Cisco (+1.05% to 18.37 dollars) and HP (-0.58% to $ 38) found small acquisitions.
Determined to afford the data storage specialist 3PAR, Dell (1.19% to 11.89 dollars) had already raised its offer on 3PAR (24.51% to 32.41 dollars) to 24.30 dollars per share against $ 24 for HP.Hewlett-Packard has outbid again on Dell offering $ 27 per share, totaling $ 1.8 billion. This escalation occurred only hours after Dell announced that 3PAR had accepted his offer improved 24.30 dollars per share in cash.
Rumors are also rife surIntel and State Street (2.78% to 35.84 dollars). They also say, analysts said BNP Paribas in their paper this Friday, Berkshire Hathaway (3.04% to 78.69 dollars) would acquire the shares not owned Wesco Financial (+0.17% to 363 , $ 6) …
Delay, also announced the first Boeing 787 Dreamliner (3.07% to 63.20 dollars), which should be delivered in half the first quarter 2011, due to a further delay due to update Late availability of an engine, said Friday the aircraft manufacturer.Provided by Rolls-Royce (-0.39% to 42.88 dollars), this piece is essential to the final test flights and will not be available until the fall, said Boeing.