Wall Street opens up small, hopes on Greece
February 17, 2012 – 1:10 pmWall Street opened higher Friday as investors bet on breakthroughs in the Greek case, but the gains may be limited after the sharp rise in the S & P 500 and on the eve of a holiday weekend, the markets are closed Monday.
The Standard & Poor's 500, which on Thursday signed its best daily performance in two weeks to finish at a high of nine months, rose by 0.32% (4.39 points) to 1,362.44 points in early trade, from a test area of technical resistance around 1,360 points.
The Dow Jones takes him 0.35% (49.35 points) to 12,949.80 points while the Nasdaq composite is stable (0.02%) to 2,960.46 points.
The Italian Prime Minister Mario Monti, German Chancellor Angela Merkel and Prime Minister of Greece Lucas Papademos are optimistic about the chances of concluding an agreement on Monday in Greece, said Friday services Head of Italian Government after a teleconference between the three leaders.
Moreover, the European Central Bank (ECB) is considering allowing Greek bonds held by central banks in the euro zone to experience similar discounts to those offered by private investors told ; Reuters sources within these central banks.
"With a jump of more than 4% of the Greek Stock Exchange, European banking stocks rose and the S & P which is the subject of buying whenever it drops, the market assumes that European finance ministers will approve the bailout (of Greece) Monday, "said Peter Boockvar, equity strategist at Millar Tabak.
The market has little pre-market reacted to the publication of retail prices in the U.S. in January, which rose 0.2% last month as expected by economists .
Values, Apple advance of 0.62%. The group at the apple has seen its share of the smartphone market in China back in late 2011 for the second consecutive quarter to compete with local builders and buyers a wait of some of its pre-market iPhone 4S.
Applied Materials, who said to expect an acceleration of the recovery in the second quarter of fiscal year, increased by 3.33%.
Baidu and Heinz, who delivered results above expectations, experienced varied: Baidu was down 1.97% and 4.22% Heinz wins.
Sorry, comments for this entry are closed at this time.