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new york (reuters) – wall street has done just in the green monday, the fall of general electric, which was offset by an increase in areas of community services and essential consumer goods, as doubts about the ability of the government to introduce tax reform but still persist.
the three major indices, which opened in fall, have succeeded in reversing the trend.
the dow jones industrial average was 17.49 points, or 0.07% to 23.439,70 points.
the s & p 500, more was 2.54 points, or 0.1 percent, to 2.584,84.
the nasdaq composite was to 6.66 points, or 0.1 percent, to 6.757,60.
general electric has dropped 16%, sharp drop in the dow, after touching down in june 2012, at 18.75 dollars. the industrial conglomerate, has reduced its results and announced a 50% reduction in its quarterly dividend from december.
investors are wondering how the group will generate enough cash flow reduced to justify its use.
in the wake of ge, the industrial value of s & p 500 lost 0.51%.
results as the season comes to an end, investors focused on the discussions of tax reform.
tax reductions for companies, one of the promises of donald trump who helped raise the markets since his election, is still waiting.
the house of representatives is scheduled to vote in the coming days, on a draft tax reform, but there is no indication that the republicans are willing to find a compromise with the senate to them to resolve their differences.
the process is continued. we have heard parts of local taxes and allowances. but we don’t know really what (tax reform), as long as there is no synthesis between the version of the house of representatives and the senate, “said art hogan, head of strategy at wunderlich securities.
in light of these uncertainties, investors turned to defensive values. the utilities sector was 1.16%, industry increases and that of essential consumer goods was 0.6%.
mattel has in excess of 20%.
the values, qualcomm was 2.97%. the panel unanimously rejected on monday the unsolicited offer of redemption made by broadcom to $103 billion ($billion), as proposed under greatly values the american manufacturer of semiconductors for smartphones. broadcom, who did not give up despite this refusal, completed on a stable.
mattel has soared to 20.67%, better performance of the s & p 500. a source reported on friday that the united states had been the number one. a takeover of its competitor, hasbro. hasbro took over 5.88%.
the home depot, which published his results on tuesday before the opening, was 0.75%. the first sign of world interior design, diy and announced on the last four quarters of sales forecast and profit higher than expected.
online tv service rokua continued its rally. the title was introduced in late september to 14 dollars and stock value has doubled in the last week after the announcement of the profits. he won was% on monday.
side decreases, the group of department stores kohl’s abandoned 4.32%, the second lowest in the s & p 500, behind les. for its part, macy’s has dropped 1.6%.
(sruthi shankar, catherine mallebay – vacqueur for service in french).
copyright & copy;, thomson reuters
Translated by forexguides.info Team