Stock trades in the United States were closed on November 4 countervailing movement leading indexes. Influence the course of bidding had decided the Federal Reserve System (FRS), issued after the beginning of the trading session. The Fed decided to keep the key discount rate in the range of 0-0,25% per annum. This figure coincided with forecasts of analysts, also expect a continuing bid to a minimum. Thus, the Fed left rates unchanged since December 2008. To ensure the necessary conditions for a speedy withdrawal of the economy from recession.
Fed decision influenced the change in quotations in the banking sector. Shares of mortgage bank Wells Fargo & Co. prices increased by 0,8%, but rates JPMorgan Chase & Co. and Citigroup Inc. decreased by 1,15% and 1,73% respectively.
Quotes of the American financial services company GMAC Financial Services declined as a result of the trading session at 1.12% after the publication of the quarterly report of the company. According to published data, the net loss of GMAC in the III quarter of 2009. amounted to 767 million dollars, and the company’s revenue increased by 76% — up to 2.11 billion dollars
Shares of insurance company Hartford Financial Services on the basis of trades fell 5.34%, despite the fact that the operating profit of the company up to III quarter of 2009. surpassed analysts’ predictions and made up 1.56 per share.
In the energy sector has attracted the attention of investors, news of the American oilfield services company Baker Hughes Inc., Alleging profit declines in the III quarter against a background of falling oil prices. Investors are not enthusiastic at all about such a statement, and the market reacted to it by falling of quotations Baker Hughes Inc. the results of trading on 5,85%.
Shares of American mining company Freeport-McMoRan Copper & Gold Inc. up to the bidding went up by 1.20%. The reason for this was the rise in gold prices at the auctions in New York to a record 1,096.50 dollars per troy ounce, as well as rising prices for industrial metals.
U.S. Bond insurer Ambac Financial Group Inc. reported a net profit in the III quarter of 2009. amounting to 2.19 billion dollars, which was seen by market participants are optimistic and led to a significant increase in the company quotes 35,14%. Against this backdrop, shares have risen in price as other American insurer of bonds company MBIA Inc. at 7,54%.
the Dow Jones index rose 30.23 points (0.31%) to 9,802.14 points
S&P — on 1.09 points (0.10%) to 1,046.50 points
NASDAQ index dropped by 1.80 points (-0.09%) and amounted to 2,055.52 points.