U.S. stock markets have played yoyo Friday. The index started the first trade in the red and stayed in negative territory all day. But, as European stock markets, the trend was reversed in the afternoon. The Dow Jones finally ends up 0.47% to 11.787 points, the Nasdaq is 0.73% to 2755 points and the S & P climbed 0.74% to 1293 points.
On the foreign exchange market, the euro has risen further against the greenback on Friday at 1.3376 dollars against 1.3358 dollars on Thursday night.
On the macroeconomic front:
– Retail sales rose less quickly than expected in December in the U.S., according to statistics released Friday. Retail sales rose 0.6% from November, according to the Commerce Department, which reported a sixth consecutive monthly increase. Economists had forecast a rise of 0.8%.In November, sales rose 0.8%.
– Inflation, meanwhile, has accelerated in the United States in December, rising 0.5% against 0.1% the previous month, according to official data published Friday blamed the increase on the rise fuel costs. Analysts on average expected a rise of 0.4%.
– Industrial production rose 0.8% in December, according to statistics released Friday by the U.S. Federal Reserve. Production rose 0.3% (revised) in November and economists had expected for December to a 0.5% increase.
– Business inventories rose less than expected in November, while sales rose 1.2%, said Friday the Commerce Department.Inventories rose 0.2% to 1,421.6 billion, while economists polled by Reuters expected a 0.7% increase.
– Consumer sentiment declined in January, according to preliminary results of the Monthly Thomson Reuters-University of Michigan released Friday. The index of consumer sentiment stood at 72.7 against 75.4 expected by economists polled by Reuters. It was 74.5 in December.
The banks are the indices
As for values, the banking sector brought the index up late in the session. JPMorgan Chase (1.06% to 44.92%) unveiled Friday a 48% increase in net income from 2010 to 17,400,000,000 dollars, and a similar rise in quarterly profit to $ 4.8 billion , both exceeding analysts' expectations.
Bank of America (3.18% to 15.24 dollars), Morgan Stanley (2.40% to 28.98 dollars) or Citigroup (1.69% to 5.13 dollars) in profit.
According to the Financial Times, Goldman Sachs (+2% to $ 175) lost $ 5 billion more than it had previously admitted in his brokerage account own in 2008, the worst of the financial crisis instant payday loan. In total, the bank has suffered this year from $ 13.5 billion loss on investments made through its own resources.
Intel (-0.99% to 21.08 dollars) a global leader in semiconductors, and the first major U.S. high-tech sector to present its findings, unveiled a performance exceeding expectations. The group said it had benefited from strong demand from businesses.The division data center, "these buildings including the machines (servers) used to store and process the vast amount of data circulating on the Internet, saw its sales jump 35%.
Always on the side of values, Merck (-1.33% to 34.23 dollars) has announced the arrest of a study on its anticoagulant Vorapaxar and significant changes to the second study in progress on the same medication. Furthermore, another laboratory, Bristol-Myers Squibb (-0.31% to 25.82 dollars) has announced the recall of 64 million tablets of Avalide, a treatment against hypertension, the U.S. and Puerto Rico.
Also note, the World Trade Organization (WTO) will publish the final report in late January on aid to Boeing, Washington (0.34% to 70.07 dollars), deemed illegal by the aircraft manufacturer Airbus and France said Friday the office of U.S. Trade Representative.In September, the aircraft manufacturer Airbus and France, after reading a draft of the report, had claimed victory in the war of the titans between them to Boeing, ensuring that the WTO ruled in favor of Brussels in finding illegal years of aid from Washington to the American giant. Beyond the series of tax exemptions and social which the American manufacturer has received, the key question concerns the terms of the grant made by NASA and the Pentagon in the U.S. aircraft manufacturer, research programs and development.
Also in the aerospace industry, Delta Air Lines (0.99% to 12.74 dollars) announced Thursday its intention to order 100 to 200 devices to renew part of its fleet. The U.S. carrier said he sent requests for proposals to several major aircraft manufacturers last month.Besides these 100 to 200 aircraft, Delta mentions the possibility of 200 additional aircraft. Deliveries will begin in early 2013.