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The Market Was Light &Nbsp; &Nbsp; Tuesday'S Index Rose 0.05%.

2010/10/27 9:56:00 36

Market Slack Dow Jones Industrial Average Rose


As of 4:00 pm Eastern time,

Dow Jones industrial average

Up 5.41 points.

Gain

From 0.05% to 11169.46, the Nasdaq composite index rose 6.44 points, or 0.26%, to 2497.29 points; the standard & Poor's 500 index rose 0.02 points, or 0%, to 1185.64 points.


 

market

Light trading

On Tuesday, the index increased by 0.05%.


US consumer confidence index was slightly better than expected in October, weakening the negative effects of bad earnings, bad housing price index and rising US dollar index. On Tuesday, the three major U.S. stock indexes went up and down, and the market was trading lightly. The Dow rose 5.41 points, or 0.05%.


On the disk side, consumer sector led.

In terms of stocks, Bank of America rose 1.25%, American Express increased by 2.04%, Microsoft rose 2.82%, cleanliness dropped 1.07%, Mittal Steel fell 5.4%, Du Bangdie 1.01%, UBS fell 5.25%, TI fell 0.35%, Coach rose 11.92%, Lexmark international fell 20.98%, SONY gained 1.04%, apple fell 0.35%, ODO was down, RIM rose, IBM rose.


The bank's earnings report disappointed investors and Mittal Steel's profit cut was expected to drag on the European stock market. The pan European Dow Jones index closed down 266.92 points on Tuesday to 0.19%.

The index rose 0.3% on Monday.


On Tuesday, consumer confidence lifted oil prices by 3 cents to $82.55 a barrel.

The rebound in the US dollar and the re establishment of investors' dips pushed gold prices down 30 cents to $1338.60 an ounce.


Economic data


At 9:00 a.m. Eastern time, the data released by S & P showed that in August, the price index of the 20 major cities of the United States, Hiller, grew by 1.7% over the same period last year, which is lower than the 2.1% expected by economists.

In July, the index increased by 3.2% over the same period last year.


At 10:00 a.m. Eastern time, data released by the US economic and Trade Bureau showed that the US consumer confidence index in October was 50.2 points, slightly higher than 50 points widely expected by economists, and the index was 48.5 in September.


Company news


US steel lost a net loss of $51 million in the three quarter, but its losses were well below the 303 million US dollars in the same period last year, with revenues of US $4 billion 500 million and an increase of 60% over the same period last year.

Due to poor market demand, US steel shipments and production have declined in the past quarter, of which steel shipments dropped by 4% over the second quarter of this year.


Thanks to the growing share of the US market, the significant reduction in expenditure and the increase in car prices, Ford's net profit in the three quarter increased from $1 billion in the same period last year to $1 billion 700 million, an increase of 68% over the same period last year, which has been profitable for six consecutive quarters.

In addition, Ford's quarterly revenue fell 3% to $29 billion.


Amgen's three quarter revenue was $3 billion 816 million, unchanged from $3 billion 812 million in the same period last year, while net profit fell 14% to 1 billion 313 million US dollars in the same period of 1 billion 518 million dollars a year ago.


TI (TXN) released yesterday's earnings report, the company's net profit of $859 million in the third quarter, an increase of 60% over the same period last year's $538 million, while the quarter revenue increased from 2 billion 900 million dollars a year earlier to 3 billion 700 million US dollars.


The US Consumer Product Safety Commission said Tuesday that Ge Corp is recalling 174 thousand dishwashers because the recalled machine is running into a circuit board when it is used, causing a short circuit and causing a fire.


DuPont Co, a manufacturer of chemicals, made a profit of $367 million in the three quarter, less than 409 million US dollars in the same period last year, and revenue increased 17% to 7 billion US dollars over the same period last year, exceeding the analyst's expected 6 billion 800 million US dollars.

The company also raised its 2010 earnings forecast.


Nissan Motor Company said on Tuesday that the company's auto orders in Japan fell 30% to 35% in September this year due to the end of the government's environmental vehicle purchase subsidy.

For the same reason, domestic orders such as TOYOTA, Honda and other auto manufacturers have also declined to varying degrees.

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