2015-01-23 23:25 Author: (PAP) (TUL) [Photo: Kentannenbaum / Dreamstime] 
After four sessions of growth on Friday US stock markets lost. Analysts estimate that the market needs to get used to the Thursday decision of the European Central Bank. Meanwhile, the quarterly earnings season continues. On Friday, after the announcement of weaker than expected results UPS shares lost business. Profits also praised such companies as McDonald’s and Starbucks.
At the close of the Dow Jones Industrial fell by 0.79 percent and the S & amp; P 500 by 0.55 percent zniżkował. Slightly better coped Nasdaq Composite, which rose by 0.16 percent.
– ECB for a few days will still be a major factor. Investors are still trying to get used to the shot with a bazooka – rated Matt Maley, equity market strategist at Miller Tabak in Newtown, Massachusetts.
– Yesterday we had a nice rally, but it was a lot of day rallies, which really is not burned – he added.
It’s about Thursday’s ECB meeting at which it was decided to start a program of asset purchases (QE), worth 60 billion euros a month. The program will last at least until September 2016, which means that the total value will be approximately one trillion euros. The ECB was buying bonds will be investment grade according to the criterion of the share of individual countries in the ECB’s capital.
Maley emphasized the importance of the market will also dal quarterly earnings. UPS adjusted profit was $ 1.25 per share to US $ 1.47 expected by analysts. As a result, UPS shares become cheaper approx. 10 percent.
The Starbucks was in the fourth quarter of $ 1.30 earnings per share, an increase of 82 percent from a year earlier. This resulted in stock prices, which prices rose on Friday by 6.3 percent.
Also, McDonald’s reported results. Profit was US $ 1.13 per share against expectations of $ 1.22, and General Electric operating profit in the fourth quarter was 56 cents per share to 55 cents expected.
The market became familiar with the latest decision of the ECB and results of companies such as …
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State Street in the fourth quarter earned US $ 1.37 per share against expectations of $ 1.27. Honeywell corporation was USD 1.43 earnings per share against expectations of 1.42 dollars.
In addition to the information of the companies appeared on the market macroeconomic data. PMI, specifying the economic situation in the US manufacturing sector, prepared by Markit Economics, was in January of 53.7 points. to 53.9 points. a month earlier – are given in the initial calculation. Analysts expected in January at 54.0 index points.
On the other hand ahead of US economic index Conference Board indicating the direction of economic change rose in December by 0.5 percent. Analysts had expected the index to rise by 0.4 percent month-to-month.
Also published activity index NAI in the US economy, which fell in December to minus 0.05 points. of plus 0.92 points. a month earlier after adjustment of plus 0.73. Analysts expected the indicator at plus 0.48 points.
The last information of the real estate market this week include home sales in the secondary market in the USA. In December, it amounted to 5.04 million on an annual basis to 4.92 million in November. Wall Street analysts had expected an increase in home sales in the secondary market to 5.08 million.
Read more in Money.pl
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