Wall Street advance despite GDP

The Dow Jones opens up 0.36% and the Nasdaq Composite rose 0.71% at the opening this Friday.

Wall Street pulled himself together a little after surrendering to pessimism, in closing down, this Thursday evening. The Dow finished the session well below 10,000 points. A performance-cons that he had done since July 6.The Dow Jones failed in closing 0.74% at 9985 points and the Nasdaq, 1.07% to 2118 points.

After several bad macro news in recent days, including the U.S. home front, the announcement on Thursday, new listings weekly unemployment down was not enough to reassure investors on employment, which does not resume either.

U.S. GDP in the second quarter worried …

Above all, the markets increasingly integrate the scenario of a slowdown in economic recovery of the world's largest economy. Their concerns in this regard were on Friday, maintained by the publication in the afternoon, the second estimate of U.S. GDP for the second quarter, anticipated to + 1.4 to 1.5% on average by the market. Bad news, however, so flagrant and anticipated that it probably already has been integrated.This could explain a possible opening this Friday, light green on Wall Street.

Also due this Friday, Ben Bernanke will deliver speeches in connection with the summer meeting of the Fed in Jackson Hole. If no decision is expected, however, any comment on the activity will be interpreted by traders remain very pessimistic.

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 and HP claim of small acquisitions. Determined to afford the data storage specialist 3PAR, Dell had already raised its offer on 3PAR 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. They also say, analysts said BNP Paribas in their memorandum on Friday, Berkshire Hathaway would acquire the shares not owned Wesco Financial …

Delay, also announced the first Boeing 787 Dreamliner (-0.92%), which should be delivered in half the first quarter 2011, due to a further delay due to the delayed availability of a engine, the aircraft manufacturer said Friday. Provided by Rolls-Royce (-0.93% yesterday closing), this piece is essential to the final test flights and will not be available until the fall, said Boeing.

August 27th, 2010 in events, finance, life, money, people | tags: , , , ,