Wall Street ends up after the speech of Ben Bernanke
Ben Bernanke's speech Friday in Jackson Hole was highly expected. But the chairman of the Federal Reserve has produced no track on the policy that the institution intends to pursue in the coming months, not committing to developnew measures to support the U.S. economy, which growth amounted to only 1% in the second quarter. After having fallen sharply, the markets have reversed the trend and are pressed into the green.
At the close, the Dow gained 1.21% to 11,285 points, the Nasdaq rose by2.49% to 2480% points and the S & P 500 rose by 1.21% to 1177 points.
On the front of the statistics, that second quarter GDP in the US was revised down to a growth rate of 1.0%, as economists had expected, from the initially forecast 1.3% rate, down 0.3 points compared to the first estimate of growth spring published in late July.Analysts expected a revised slightly less important, assuming a rate of 1.1%.
As for values, Tiffany rose by 9.35% to 69.01 dollars. The jeweler reported Friday a profit of 69 cents per share in the second quarter, while the consensusgave 70 cents. Sales came out at 872.7 million, well above market forecasts(786 million). In addition, the group raised its guidance range for the whole year, anticipating earnings per share of between 3.65 and 3.75 dollars.(consensus: 3.56 dollars).
Boeing takes 2.68% to 62.80 dollars. Its new 787 Dreamliner plane, for whichmore than 800 orders have already been registered, received Fridaycertification authorities in the U.S. civil aviation. The first deliveries of the aircraft,the Japanese company promised to All Nippon Airways, lagging about three years, due mainly to disruptions in the supply chain components.
Wall Street ends up after the speech of Ben Bernanke
Reviewed by prof ossama
on
11:31:00 PM
Rating:
Reviewed by prof ossama
on
11:31:00 PM
Rating:
