Wall Street began with the announcement of Cisco

March 10, 2010 - 12:58 am Comments Off

U.S. operators could choose to pocket a share of the gains made last week by caution before a salvo of indicators in the coming days. But it was not including the announcement on Tuesday launched by Cisco Systems for a new ultra-powerful router, which mulitiple twelve Internet capabilities.

Towards 20h30 (Paris time), the Dow Jones, Nasdaq 100 and S & P 500 rising erespectivement 0.5% to 10,606 points, from 0.81% to 2351 points from 0.58% to 1145 points.

It was exactly one year, March 9, 2009, the major stock indexes have hit a "low point". Since the S & P 500 has started the largest rally in history. In one year, the U.S. index has increased by almost 70%!

The next U.S. statistics are expected tomorrow with the traditional weekly report on unemployment.Weekly Market in the United States, will then be placed under the sign consumer. The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence.

Oil prices retreated Tuesday in New York, a barrel of reference giving 38 cents to 81.49 dollars, penalized by the strengthening of the dollar no fax payday advances .

Boeing soars above the market

The values listed, Cisco Systems (-0.24% to 26.07 dollars) today announced a new bid to speed internet connections.Analysts said the group could announce as Google, investments in new broadband network.

Also in the technology sector, the U.S. manufacturer of electronic components, Texas Instruments (-1.33% to $ 24.36) has revised upward its earnings forecast for the first quarter.

In the wake of this news, AT & T, a major customer of Cisco, up from 1.73% to 25.7 dollars, and Apple climbed 2.54% to 224.7 million.

After the withdrawal of EADS and its U.S. partner Northrop's tanker contract to the Pentagon, whose first installment is only valued at 35 billion dollars, Boeing remains alone lice.Les Boeing shares advance of 1.06% to 67.95 dollars and Northrop Grumman back to him, from 0.3% to $ 64.

UAL shares climbed 8.3% after posting profits in February increased by 17% in one year.

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