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    The Mid-Term Elections And The Fed Meeting Were Concerned About &Nbsp; On Tuesday, The Index Increased By 0.58%.

    2010/11/3 10:32:00 38

    Mid Term Election Fed Conference Dow Jones Industrial Average Rose


    As of 4:00 pm Eastern time, Dow Jones industrial average Up 64.10 points. Gain From 0.58% to 11188.72, the Nasdaq composite index rose 28.68 points, or 1.14%, to 2533.52 points; the standard & Poor's 500 index rose 9.19 points, or 0.78%, to 1193.57 points.


       Mid-term elections and fed meetings Concerned, Tuesday's toll rose by 0.58%.


    The Fed meeting resolution and the US mid-term election results have become the focus of investors' attention. The market generally expects that the Democratic Party will lose its advantage in the house of Representatives. The bull market may be coming, and US stocks will go higher on Tuesday. The Dow eventually rose 64.10 points, or 0.58%, or 1.14%.


    On the disk side, public utilities and daily consumption sectors are taking the lead. In terms of stocks, home depot rose 2.61%, American Express increased 2%, Microsoft rose 1.63%, JP Morgan fell 1.23%, Intel -T fell 1.12%, Pfizer fell 0.96%, health care rose 10.57%, MasterCard increased 2.92%, ADM fell 6.59%, Kellogg fell 2.09%, Newmont mining dropped 2.19%, BP rose to 2.19%, Mobil increased, ATG rose, Oracle rose, SAP rose.


    On Tuesday, the overall performance of the European stock market was positive, while the pan European Dow Jones index closed at 267.50 points, or 0.41%.


    The Federal Reserve resolution issued a weaker dollar, and oil prices rose 95 cents to $83.90 a barrel on Tuesday, or 1.2%. The dollar pushed gold prices up 6.30 US dollars to 1356.90 US dollars per ounce, or 0.5%, on Tuesday.


      economic data


    No important economic data are released today. {page_break}


      Company news


    GM's data show that the US government will reduce its holdings from 50% to 35% when GM is re listed, according to the latest forecast, which will have a market capitalization of about $50 billion when the stock is re listed, or the highest or $60 billion.


    Pfizer achieved a net income of $866 million in the three quarter, a sharp fall of 70% compared with $2 billion 900 million in the same period in 2009, and its revenue increased from $11 billion 600 million last year to 16 billion 200 million US dollars. In addition, the company adjusted its annual profit forecast to $2.22 per share.


    Emerson electric achieved a net profit of US $749 million in the fourth quarter of fiscal year, up 48% from 506 million US dollars in the same period last year, and its revenue increased to US $5 billion 840 million, an increase of 14% over the same period last year, slightly below the $5 billion 890 million expected by analysts.


    The damage to BP oil spill in the Gulf of Mexico may increase to nearly $40 billion. The company said on Tuesday that it will spend another $7 billion 700 million to cope with the oil spill in the three quarter. In order to repay the huge debt due to the oil spill, the company has begun selling assets to raise funds.


    AIG has recently raised a total of $36 billion 700 million by listing its AIA and its subsidiary subsidiary, which will be used to repay us government bailout loans. As part of the restructuring goal, the company must prepare a total of $22 billion for funding by March 31st next year.


    BP's net profit in the three quarter fell by 67% to 1 billion 790 million dollars in the three quarter, due to the cost of the Mexico Gulf oil spill. The company said the cost of accident related compensation has reached $39 billion 900 million.


    Benefiting from more and more consumers using credit cards and debit cards, MasterCard's net profit in the three quarter increased from $452 million in the same period last year to $518 million, and revenue increased 4.7% to $1 billion 430 million over the same period. The company also said that total global consumer spending increased by 7.9% to $514 billion over the same period.


    Oracle announced on Tuesday that it plans to buy $1 billion for e-commerce software company ATG, which provides online users, mobile devices and store payment solutions for retail businesses, with over 1000 customers including big buy, AT&T and Vodafone.

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