domingo, 19 de septiembre de 2010

Wall Street closed up and accumulates in the week gain

U.S. stocks closed slightly higher Friday, while the Nasdaq rose supported by strong earnings and an upbeat outlook for the technology company Oracle. The action Oracle Corp, the third largest software maker in the world, rose 8.3 percent to $ 27.46, and led the Nasdaq higher, after the company presented quarterly results better than expected and gave a forecast that beat Wall Street expectations. The close of trading on Friday marked the expiration of stock futures and options contracts in September, which usually tends to increase the volume and volatility and the Wall Street closed up.

Wall Street closed up

However, market strategists said the businesses were relatively limited. 'The market has been relatively stable and the volume has not risen to levels that people were waiting for, "said Bernie McSherry, director of strategic initiatives Cuttone & Company and the Wall Street closed up.. The Dow Jones industrial average rose 13.02 points, or 0.12 percent, to 10607.85 points. The Standard & Poor's 500 Index gained 0.93 points, or 0.08 percent to 1125.59 points. The Nasdaq Composite gained 12.36 points, or 0.54 percent to 2315.61 points. For the week, the Dow Jones rose 1.4 percent, the S & P 500 advanced 1.5 percent and the Nasdaq gained 3.3 percent. The S & P has a support at the moving average of the last 200 days, which is close to 1116 points, a level exceeded on Monday.

U.S. Market

Shares of Texas Instruments Inc. rose 3 percent to $ 25.73 after the chipmaker raised its share buyback program and quarterly dividend by 8 percent. Shares of Research in Motion Ltd, maker of the BlackBerry, advanced 0.3 percent to $ 46.64, cutting most of its gains from earlier in the session, after analysts lowered the price target on the stock because focused more on the intense competition it faces and the weak U.S. performance in the company's solid result and the Wall Street closed up.\.

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