In anticipation of the Easter holidays American stock markets closed with growth
April 6, 2007 – 5:19 pmU.S. stock markets closed with growth against a background of low volume of trading in anticipation of the Easter holidays. The index of “blue chip” Dow Jones Industrial Average rose by 30.15 point, or 0.2%, to 12560.20. “High tech” Nasdaq Composite gained 12.65 point, or 0.5%, and closed at 2471.34 point. The index of the broad market S & P 500 rose 4.39 point, or 0.3%, to 1443,76.
Over the past week Dow Jones Industrial Average rose by 1,7%, Nasdaq Composite off at 2.1% and the S & P 500 gained 1,6%.
The decline in oil prices has provided good support for stock markets. On Thursday, oil closed with a slight decline, but fell by 2.4% on the basis of the week thanks to the release of British sailors, detained by Iran in the Persian Gulf.
Shares of General Motors (GM) rose $0.87, or 2,8%, to $31.90 and were the leaders of the growth index of Dow Jones, after American billionaire Kirk Kerkoryan (Kirk Kerkorian) made a proposal to takeover its rival Chrysler for $4.5 billion Against this backdrop, stock quotes DaimlerChrysler AG (DCX ), Which oversees Chrysler, rose $4.23, or 5.3%, to $84,80.
Shares of Alcoa Inc. (AA), the largest aluminum producer in the world, rose $0.09, or 0.3%, to $34.59 in anticipation of its quarterly report to be published April 10. It should be noted that Alcoa will open the so-called season of quarterly reports, as it will be the first company whose shares are estimated based index Dow Jones, presented the financial results this past quarter.
In general, the New New York Stock Exchange, NYSE, raised the number of shares exceeded the number of fallen in the ratio of 19 to 12. The ratio grew up and fallen stock on the Nasdaq electronic platform stood at 16 to 13. Traffic at the NYSE was low – 1246 billion shares. On-site electronic Nasdaq turnover was only 1558 billion shares.
Bidding on American stock sites on Friday will not be held in conjunction with the Easter holidays.
