Financial and Business News

American markets continue to grow

The U.S. markets started the session with the increase after today published details of the value of the U.S. Gross Domestic Product for the second quarter recorded a significant revision to the original. The country's economy grew by 3.3% in 2nd quarter, to initially declared value of 1.9%. Under the impact of news on the stock exchange session in New York the dollar rise against the euro by 0.16%, compared to yesterday, reaching 1.4702 USD / EUR.
The price of oil went down again, taking two hours after the start of the session the contracts with delivery in October for U.S. crude oil were getting cheaper with 0.38 percent, to 117.70 U.S. dollars for a barrel. Optimism of U.S. investors due to a simple maxim, a stronger growth of the economy means higher profits.
The wide index of U.S. companies Standard & Poor's 500 increased by 0.86% to 1 292.74 points. The index of top U.S. companies DOW JONES INDUSTRIAL increased to 11 658.92 points or 1.36% more than yesterday. The IT index rose NASDAQ COMPOSITE, two hours after the start of the session, with 0.83% to 2 402.24 points.
Freddie Mac continues its good performance from yesterday and got more expensive with 11,576%, to $ 7.23 for share. Federal National Mortgage Association, also raised to $ 7.28 for a share or a 12.35% increase from yesterday. The biggest U.S. company in the Mortgage sector continues its appreciation yesterday, after its Executive Director Daniel Mud replace its three leading deputies, in an attempt to return broken confidence of investors in the company, whose shares lost nearly 90% of its value since the beginning of credit crisis.

Labels: Financial News

posted by Zoritza Petrova @ 10:47 PM