Apr 30 2011
Wall Street in the hesitation
At the opening this Friday, the Dow Jones revolves around the balance, 0.15% after clinching a few minutes of trading. The Standard & Poor's 500 does not move at 1361 points while the Nasdaq fold from 0.06% to 2871 points.
Household consumption to menu
After finishing up the day, Wall Street reacted little to the various macroeconomic indicators on the agenda Friday. Household consumption has caught up. According to the U.S. Commerce Department, spending rose 0.6%, the ninth consecutive month of increase, after rising 0.9% in February (revised from 0.7%).
Inflation accelerated for the fourth straight month the U.S., according to the price index associated with household consumption expenditure (PCE), released Friday in Washington.It reached 1.8% yoy, while she was still only 1.0% in November
At 15h45, should be released Chicago PMI index, indicative of economic activity in the region in April, then at 15:55, the second estimate of the index of consumer confidence in April, awarded by the University of Michigan.
Merck, Chevron and Caterpillar publish their results
On the corporate side, Chevron (-0.84% to 107.90 U.S. dollars) has published better than expected results in the first quarter. Net income group share was up 36% year on year to 6.2 billion dollars in the first quarter no fax payday loans.
The manufacturers of construction equipment Caterpillar (2.37% to 115.33 dollars) has issued an earnings per share up 411% at 1.84 dollar. The turnover at 12.949 billion dollars, increased by 57%. The group revised its forecast for 2011 up.It expects sales of between 52 and 54 billion dollars against 50 billion previously.
Goodyear (9.92% to 17.81 dollars) on Friday issued a first quarter earnings four times higher than Wall Street expectations, thanks to strong demand.
Merck (+0.14% to 35.82 dollars) announced a net profit in the first quarter more than tripled over the same period last year, which was impacted by costs of merger with Schering Plough. It amounts to $ 1.04 billion. The pharmaceutical group has slightly raised its annual forecast.
The groupeMicrosoft (-2.06% to 26.16 dollars) is very guarded, after publication, on Thursday after the market close, with net income up 31% to 5.23 billion for the third quarter shifted its fiscal year.A performance that does not stop him being left behind parApple (0.79% to 349.50 dollars). Based on the number of shares and excluding special items, earnings amounts to 61 cents, above the 56 cents expected by analysts. The turnover shown up 10% to 16.43 billion, despite the climate of "mixed" for the PC market.
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