Wall Street rises to 0.33 percent after a rise in durable goods orders

| June 27, 2012


Wall Street opened higher today and half an hour after the start of the session the Dow Jones Manufacturers, the main indicator, rose 0.33%, encouraged by stronger than expected increase of orders for U.S. durable goods last month.

This index, which brings together thirty of the largest U.S. publicly traded companies, added 40.99 points at this time to be placed in units 12,575.66, while the S & P 500 won 0, 44% (5.87 points) to 1,325.86 points and the Nasdaq Composite Index 0.51% (14.42 points) to 2,868.48.

The parquet New York and resumed the upward trend in the last session, when the Dow Jones rose 0.26% animated by the first rise in house prices in the U.S. in eight months and the rebound effect after the fall of a percentage point on Monday.

The buying mood this third day of the week was determined by the increase of 1.1% of durable goods orders to U.S. factories in May after two consecutive months of declines, according to Commerce Department will this country .

Investors Yorkers remain to the European summit in Brussels, although increasingly fewer decisions are expected.

More than two thirds of the members of the Dow Jones stood at this time in positive territory led by the soft drink maker Coca-Cola (1.16%), which yesterday announced an additional investment of 3,000 million dollars in India followed by the Walt Disney group (0.99%) and manufacturer of personal care products for Johnson & Johnson (0.83%), among others.

The opposite side of the table was led by the aluminum producer Alcoa (-1.19%) and food group Kraft (-0.74%), the latter in its second day trading on the Nasdaq market.

Outside of that index the technology giant Apple rose 0.43% after a California court prohibiting selling South Korea’s Samsung Galaxy Tab 10.1 tablet in the U.S. on the grounds that infringe a patent of the creator iPad.

On the other hand, the media giant News Corporation gave continuity to advance from Tuesday to earn 1.19% after confirming that studies be divided into two different companies after tapping scandal.

In other markets, the Texas oil rose to $ 80.19 per barrel, thereby reconquering the barrier of $ 80 after four days beneath it while gold dropped to $ 1,574.5 an ounce.

Meanwhile, the dollar gained ground against the euro (which was exchanged for 1.2463 U.S. dollars) and the profitability of U.S. government debt to ten years was down to 1.62%.

Category: Investing

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Investing in the stock market today can be extremely confusing, even for professional investors. You can be extremely successful, or you could end up losing money. Keep a constant eye on your portfolio. Be aware of how your stocks are doing, as well as how favorable the stock market conditions are today.

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