The next wave of activity increase in the mergers and acquisitions sector on Monday restored the investors propensity to risk and their stocks demand that helped Dow Jones Industrial Average index to grow more than by 100 points. Increase of analysts ratings promoted growth of Cisco, Citigroup and some other companies stock quotes both in technological, and in financial sector.
As it happened time and again, the increase in sector was noted on Monday. The Xerox agreement on Affiliated Computer Services purchase became significant for securities of the companies with the big capitalization. Initial cost of the deal is estimated in 6,4 bln dollars. Xerox shares fell by 1,29 dollars or 14 %, to 7,68 dollars, and Affiliated Computer shares grew by 6,61 dollars or 14 %, to 53,86 dollars.
Dow Jones Industrial Average moved upward by 124,17 points or 1,28 %, to 9789,36 points. Standard and Poor's 500 rose by 18,60 points or 1,78 %, to 1062,98 points, also having interrupted the 3-days falling. Nasdaq Composite surged by 39,82 points or 1,9 %, to 2130,74 points. It is the most considerable index growth following the results of day in points and in percentage more than for two months. The technological sector is on of the leading among the S&P 500 components one. Securities of this sector rose in price by 1,7 %.
Cisco Systems shares have become one of the leaders of growth the technological companies stocks, they ticked up by 99 cents or 4,4 %, to 23,61 dollars after in Barclays raised their rating to “above the market” from “on a level with the market” owing to the prospects of company business improvement in Europe and the North America.
Among the S&P 500 components most favorable dynamics was shown by the financial companies stocks after Morgan Stanley analysts presented the forecast according to which banks credits losses will decrease in the following 12-18 months.
Regards,
Analyst: Vladimir Donin
As it happened time and again, the increase in sector was noted on Monday. The Xerox agreement on Affiliated Computer Services purchase became significant for securities of the companies with the big capitalization. Initial cost of the deal is estimated in 6,4 bln dollars. Xerox shares fell by 1,29 dollars or 14 %, to 7,68 dollars, and Affiliated Computer shares grew by 6,61 dollars or 14 %, to 53,86 dollars.
Dow Jones Industrial Average moved upward by 124,17 points or 1,28 %, to 9789,36 points. Standard and Poor's 500 rose by 18,60 points or 1,78 %, to 1062,98 points, also having interrupted the 3-days falling. Nasdaq Composite surged by 39,82 points or 1,9 %, to 2130,74 points. It is the most considerable index growth following the results of day in points and in percentage more than for two months. The technological sector is on of the leading among the S&P 500 components one. Securities of this sector rose in price by 1,7 %.
Cisco Systems shares have become one of the leaders of growth the technological companies stocks, they ticked up by 99 cents or 4,4 %, to 23,61 dollars after in Barclays raised their rating to “above the market” from “on a level with the market” owing to the prospects of company business improvement in Europe and the North America.
Among the S&P 500 components most favorable dynamics was shown by the financial companies stocks after Morgan Stanley analysts presented the forecast according to which banks credits losses will decrease in the following 12-18 months.
Regards,
Analyst: Vladimir Donin
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