Abet Chichi2

[chichi2]

Dow and S&P close on yearly high
25.02.2005 - 22:37
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On Friday the US stock market could improve for the third time in consequence. The somewhat sharper Korrektor of Tuesday was more than caught up thereby. Central event of the daily was growth of the US gross domestic product in the fourth quarter. This had been corrected upward in relation to the estimation from the previous month of 3,1 to 3,8 per cent. Most political economists had expected a rise of this estimation. However on the average only from a growth by 3,6 per cent one had proceeded.
Besides the bank OF America had delivered a positive comment to the semiconductor sector. The recent rise of the crude oil quotations was geflissentlich ignored before this background. Here many market participants assume the Spuk might have anyway soon an end.

The Dow Jones index gained 0.86 per cent on 10.841 points. The Nasdaq Composite improved by 0,67 per cent on 2065 counters; the S&P 500 index rose by 0,93 per cent to 1211 places. The Dow and the S&P 500 could book thereby the highest conclusion conditions in this year.

Exxon mobile could improve around further 3.48 per cent on 63.26 dollar, after Prudential the share on „overweight“ had up-gradated. The share of the radio company CLEAR Channel delivered however after disappointing numbers 3.42 per cent on 32.75 dollar. The Telekom company Qwest Communications broke in by 8,1 per cent on 3.86 dollar, after the enterprise had delivered a higher assumption offer for MCI. MCI lost after numbers 0.92 per cent on 22.60 dollar. The titles of the Mitbieters Verizon Communications rose by 1,97 per cent to 36.20 dollar.

The euro rose by 0,16 per cent to 1.3203 dollar. The April Rohoelfuture added dollar per barrel around further 10 cents on 51.49.