The market review for September, 9st

Stock trades in the United States were closed on September 8 of the leading index increased on rising prices for raw materials. Thus, the increase in oil prices above 70 dollars per barrel. contributed to the growth of quotations of oil companies. As a result of trading shares of the world’s largest oil company ExxonMobil went up by 2,1%, and the securities of its smaller rivals ConocoPhillips and Chevron — by 2,3% and 2,2% respectively.

Due to the rising cost of ounces of gold over 1 thousand dollars for the first time in the last 6 months, as well as the rise in price of copper on results of the auctions have grown substantially, and quotes mining companies. In particular, a 3% increase in prices by bidding up shares of one of the world’s largest mededobyvayuschih company Freeport McMoRan Copper & Gold, and securities of the largest U.S. aluminum producer Alcoa Inc. prices increased by 3,5%. At 7.4% in trading shares have risen in price by SPECIAL PROPERTIES metals producer Allegheny Technologies Inc.

At 4.5% in trading shares have risen in price multi-industrial conglomerate General Electric Co. after analysts at JPMorgan raised recommendations on them with a «neutral» to «above market». The plus trading session ended and for the manufacturer of popular gadgets Apple Inc., Because shareholders expect the first appearance of CEO Steve Jobs had undergone a liver transplant, in public, which is scheduled for September 9. Following the auction value of securities of the company rose by 1,5%.

Less optimistic bidding ended for the world’s largest insurance company American International Group Inc., Whose shares have fallen in price on the basis of trades by 10% after analysts from Credit Suisse lowered recommendations on them with a «neutral» to «below market». 5,9% cheaper shares of one of the world’s largest food manufacturers Kraft Foods Inc. after the company’s management announced its intention to make the absorption of the British confectionery giant Cadbury Plc., despite the refusal of the latter.

Dow Jones index rose by 56.07 points (0.59%) — up to 9,497.34 points
NASDAQ — at 18.99 points (0.94%) — up to 2,037.77 points
S&P — at 8.99 points (0.88%) — up to 1,025.39 points.

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