Wall Street climbs before the new season results
Saturday, July 10th, 2010Wall Street finished up Friday, ending the week at its largest weekly increase since the beginning of the year when the new season begins Monday results.
The Dow Jones industrial average thirty biggest U.S. has been 0.58%, 58.73 points to 10,197.72, while the S & P 500 index fund managers, has awarded 7.68 points, 0 , 72%, to 1077.93.
Supported by the announcement that Google will be able to resume its activities in China, Nasdaq, heavily weighted in technology, advanced 21.05 points, 0.97% to 2196.45.
For the week, the Dow took 5.3%, the S & P gained 5.4% and the Nasdaq was up 5%.
"Investors are putting their concerns to the background because they expect a good season of results," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco?
"But chances are that next week is volatile. The results could certainly good but the forecasts may not be."
Google announced on Friday that Chinese authorities had renewed his license, a decision that allows him to remain on the largest Internet market in the world.
The Internet portal closed up 2.39% to 467.46 dollars.
Alcoa will open Monday after closing the ball of quarterly results.Experts say the findings by the American aluminum should satisfy investors, even if the decline in metal prices has prompted analysts to revise their forecasts downward. Alcoa has been 2.05%.
A reversal of the trend, Johnson & Johnson dropped 1.37% to 60.54 dollars after announcing that it had recalled more Tylenol and prescription drugs after complaints from consumers.