Gains on Wall Street at the end of the week – Onet.pl

Gains on Wall Street at the end of the week – Onet.pl

At the close of the Dow Jones Industrial rose by 26.65 points. (0.15 per cent.) To 17,804.80 points.

S & amp; P 500 gained 9, 42 pts. (0.46 per cent.) And amounted to 2070.65 points.

Nasdaq Composite rose by 16, 98 pts. (0.36 per cent.) And amounted to 4765.38 points.

“We’ve had an exciting week on the market action, I think that the rally, which usually takes place at the end of the year just gained full momentum. The Fed has made it clear that the markets will be patient and enjoy this declaration “- Peter Cardillo rating, chief economist at Rockwell Global Capital.

The S & amp; P 500 gained during the two previous sessions 4.5 percent. and this is the best dwusesyjny result of this index for three years. The mood of investors to improved Federal Reserve Statement issued after the end of the Fed meeting on Wednesday and the stabilization of oil prices.

“Christmas magic further impact on the markets. What she did Yellen is admirable. On the one hand, the debt market reacted to the increase in profitability at + hawkish message + Fed, while at the same time strong growth recorded equity markets, which for himself interpreted the message as doves “- rated Kit Juckes, head of department of research on the currency market at Societe Generale.

Federal Reserve in a statement issued after the meeting on Wednesday stated that it would “patiently” wait for the right time to raise interest rates USA. The CEO Janet Yellen during a press conference after the meeting said that the Fed probably will not decide to increase in the first quarter of next year.

Despite the current consensus to market, which assumes a rate hike percent. in the US in the middle of next year, the US, the Fed will refrain from the movement in the next year – Morgan Stanley analysts believe. In their opinion before the decision to stop the US central bankers weaker-than-expected economic growth and low inflation, the United States.

“We expect that, as in the previous seven years, the next year the Fed will refrain from rate hikes percent. We also assume that no major changes will be the size of the Fed’s balance sheet total, “- said in a report, Morgan Stanley economists.

” The markets fell at the end of risk aversion, certainly beneficial impact on the policy of central banks. Some, such as the European Central Bank and the Bank of Japan, are willing to loosen, on the other hand, the Fed is in no hurry to the tightening of its policy “- rated Alessandro Bee, Bank Sarasin Investment Strategist.

After the end of Friday’s meeting of the Bank of Japan has not changed its monetary policy objectives. BoJ clearly increased the size of their realized asset purchase program at the October meeting. The market expects the BoJ once again increase the scale of QE in the next year.

The companies during Friday session, the shares gained computer printer manufacturer Xerox company. The company reached an agreement with the French company Atos consulting on the sale of its outsourcing business.

Nike shares fell, after weaker than expected turned out to be data on orders for the company for the period from December to April. BlackBerry also lost papers after the mobile phone maker reported weaker-than-expected quarterly results.