New York: Mixed finish at a record week, the S & amp; P 500 -0.2%
2014-08-22 22:32
(SIX) Stock markets on Wall Street ended the week with mixed results after renewed concerns about developments in Ukraine. Janet Yellen and Mario Draghi has been in the market spotlight during their respective speech in Jackson Hole. The Dow Jones Industrial Average closed at minus 0.2 percent to 17,001. In the broader market, the S & amp; P 500 minus 0.2 percent to 1988, while the Nasdaq composite rose 0.1 percent to 4,539. The interest rate on the ten-year bond was unchanged at 2.40 percent while trettioårsräntan fell 4 basis points to 3.16 percent. Seven of the sectors in the S & amp; P 500 index fell today, with energy shares most down to minus 0.5 percent. Friday signaled thus first decline in four days after the index traded at record levels on Thursday. S & amp; P 500 and Dow Jones Industrial Average concluded thus despite red numbers the best week in four months. The geopolitical turmoil intensified after a Russian aid convoy crossed Ukrainian border. Ukraine has called the intrusion of a "direct invasion "and President Porosjenko headlining the convoy's entry as violations of international law. Information has been received that the convoy has arrived Luthansk without further provocation. Also reported NATO to Russian artillery fired on Ukrainian military. "This can only deepen the crisis in the region, which Russia itself has created and continues to run. The contempt of international humanitarian principles, raises further questions about whether the real purpose of the aid convoy is to support civil or resupply armed separatists, "said NATO Secretary General Anders Fogh Rasmussen. Today began the annual central bank conference in Jackson Hole. By Janet Yellens initial word appeared, broadly, to disappointments in the economy would lead to more contributing monetary policy than currently expected in the same way as continued progress faster than expected current jobs may lead to earlier rate hike. "The market is vulnerable to any kind of return, which in large traits have ignored geopolitical tensions built up. Yellen said mainly what she already told all the time that everything is subjective. She announced broadly what the market expected, and the market has already inprisat it in previous sessions, "said Peter Cardillo, market economist at Rockwell Global Capital to CNBC. Also ECB president Mario Draghi was speaking during the evening. He expressed confidence that the stimulus and a weaker euro will help the euro-zone and that the ECB stands ready to adjust its monetary policy stance further. On the company front, the index was reported heavy Apple have struggled with getting together sufficient number of screens for the upcoming launch of IPhone 6, which is expected in early September. Apple pulled in förhandeln but traded in writing at plus 0.7 percent. Keurig Green Mountain belonged to today's winner with a gain of 13 percent after news of a licensing agreement with Kraft Foods. Otherwise dominated the news of clothing related companies. Clothing chain Gap closing at plus 5.2 percent. After closing on Thursday, the company came out with an interim report which was over analysts' expectations and the adjusted profit was higher than the preliminary figure which was released earlier in August. Foot Locker, retailer of sports clothing and shoes, came in with a report that earnings per share exceeded the expectations of 10 cents. Comparable sales increased 7 percent in the quarter, compared with 5.5 percent was expected, according to a Reuters poll. Stock closed at plus 3 percent. In the same industry Aeropostale fell 10 percent after swerving down its forecast for apparel dealer's third quarter. GameStop belong to one of today's winners after the report came in above expectations. The sale was reported enhanced by Microsoft's console One Xbox and Sony's Playstation console fourth share is quoted 6 percent higher at closing. Anton Wilén mailto: anton.wilen@six-group.se www.blogg.six.seSIXNews SIX News
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