NEW YORK (Reuters) - U.S. stocks posted their first week positive in three as more new health lifted Wall Street gains Thursday, although gains were limited with another 180 S & P names due to report next week.
Apple eruption results and strong reports from a number of industry retained a sense side optimistic, after investors were in custody for the disappointments take this week.
A further increase of disappointing claims without employment and results of General Electric and McDonald kept gains in check. The & S P 500 experienced resistance near 1 340, a level that triggered selling many times this month. Some see it as a failure to convincingly rise above 1 344, the high recent reference point, as a bearish technical signal.
Volume was light, with approximately 6.45 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, under the daily average of the year last $ 8.47 billion.
"Objectively, the earnings season is still mixed, but given that the most recent results were strong, it increases the perception that we have a good first half of the year, said Tommy Huie, who oversees about $ 34 billion as investment officer of President and head of M & I Investment Management in Milwaukee."
Apple Inc. (AAPL).(O) increased by 2.4% to $350.70 a day after the posting of results that is sweeping beyond expectations, joining F5 Networks, DuPont and other names which have increased the perception of corporate America is healthy after the first results of some names fail.
With GE and McDonald, Dow advance was limited by Verizon Communications Inc. (VZ).(N) GE securities fell 2.2 percent to $19.95 that Verizon lost 2.3 36.91% $ and McDonald off the coast of 1.9 76.91% $.
Activity factory in the mid-Atlantic region to the United States slowed considerably in April and the number of applications for insurance unemployment fell less than expected last week, which means the economy fought to regain momentum.
"That claims did not refuse equally and cooled (activity factory) suggest that we could be more likely for a withdrawal," said Donald Selkin, Chief Strategist at national securities in New York City market. "I do not see how we can sustain these gains."
The Dow Jones industrial average (.)(DJI) increased increased 52.45 points, or 0.42%, to 12,505.99. The Standard & Poor 500 Index (.)(SPX) increased points 7.02 or 0.53%, to 1,337.38. Nasdaq Composite Index (.)(IXIC) was 17.65 points or 0.63%, to 2,820.16.
The Dow Jones index climbed as high as 12,506.06, its highest level of intraday since early June 2008.
For the week, the blue chip index and the S & P 500 are up to 1.3% while the Nasdaq, thrown by results high tech, increased by 2%.
Other notable companies, including travelers Cos Inc. (TRV).(N), Morgan Stanley (MS)(N) and UnitedHealth (UNH).(N), following the quarterly results of edge.
Travellers gained 3.7% to $61,32 was gainer high Dow, while Morgan Stanley increased 1.7% to $26.48, DuPont added 1% to $55.91 and UnitedHealth rose 8.1% to $47,81.
Biogen Idec (BIIB)(O) was gainer top S & P 500, up 15.2% to $99,70, after he left promising data from a clinical trial of an investigational drug multiple sclerosis.
Approximately two stocks rose for all those who have fallen on the New York Stock Exchange, while on the Nasdaq, about three pink stocks for both fell.
(Reported by Ryan Vlastelica;) (Editing by Jan Paschal)
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