by lewis krauskopf
new york (reuters) – the new york stock exchange was slightly higher on friday after indicators were considered to be disappointing, and hampered by a food distribution sector concerned the purchase of whole foods market by amazon.com.
the dow jones industrial average was 24.38, 0.11% to 21.384,28.
the s & p 500, broader, was on a steady (+ 0.69), or 0.03%, 2.433,15 points.
the nasdaq composite fell on its side of 13.74 (0.22%) 6.151,76 points.
over the week, the dow rose by 47%, the s & p 500 is stable (0.01%), while on the nasdaq, high technology content, shows a decline of 0.93%.
amazon.com announced friday the purchase of grocery chain organic whole foods market for $13.7 billion ($12.3 billion euros).
increase of the s & p 500, whole foods market has won 29.1%, while the giant online distribution was awarded 2.44%.
in the food distribution
if the distribution index was increased by 0.32%, the values of essential consumer goods have been completed, at the rear, with a decrease of 0.99%.
investors are concerned about the threat that may be the development of amazon in food distribution to the traditional, already face a price war is expensive.
the operation of the amazon is important because it may change the way of food, “said bruce bittles, robert w. baird & co. ad for.
more sharp drop in the dow, wal mart stores dropped 4.65%, kroger was 9.24%, costco wholesale dropped 7.2%, and target fell by 5.14%.
“i don’t want to be a actor today in the supermarket sector,” said jan rogers kniffen, eponymous consultancy.
in red are the values t (- 0.18%), of which the highest price prompt investors to take profits. after having won 17.4% since the beginning of the year, they are in their second week of decline (- 1.6%). apple and microsoft have lost 1.4%, 0.14%.
on the other hand, the energy sector was completed in increase of 1.72%, the best performance of the s & p 500 index to a rebound in oil prices. chevron was 1.9%, increase of 1.5% and the dow, exxon mobil, supported by rising oil prices.
the individual values, nike has declined by 3.4 per cent, after lowering the recommendation of jpmorgan, which has moved to a “neutral” against “surpondérer”, due to a more challenging environment for the group in north america.
(yashaswini swamynathan in bangalore, catherine mallebay – vacqueur for the french service, edited by juliet rouillon.
copyright & copy;, thomson reuters
Translated by forexguides.info Team