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U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, amid policymakers’ indications that interest rates will remain low.
This news positive impact on the cost of shares of the company, which increased significantly in the course of trading. Published in the course of trading macroeconomic statistics few influenced the mood of market participants - number of applications for unemployment benefits in the week to 7 April increased by 13 thousand up to 380 thousand. showing the maximum value from 28 January. According to the forecasts of economists, the indicator is expected at the level of 355 thousand.
Equities rose after Federal Reserve Vice Chairman Janet Yellen and Fed Bank of New York President William C. Dudley endorsed the central bank’s view that borrowing costs are likely to stay low through 2014. U.S. central bankers next meet on April 24-25 to debate policy after a report last week showed job growth slowed to the weakest pace in five months.
Dow 12,947 .03 +141.64 +1.11% the Nasdaq 3,055 .10 +38.64 +1.28% of the S&P 500 1,386 .12 +17.41 +1.27%
The Morgan Stanley Cyclical Index of companies most-tied to economic growth added 2.2 percent. The Dow Jones Transportation Average, considered a proxy for the economy, gained 2.2 percent. Caterpillar Inc. (CAT) advanced 3.4 percent to $105.21. Alcoa Inc. (АА) rose 2.9 percent to $10.19.
Hewlett-Packard (HPQ) rallied 6 percent to $24.81. The company accounted for 17.2 percent of worldwide PC shipments, Stamford, Connecticut-based Gartner said yesterday. Total global PC shipments climbed 1.9 percent to 89 million units, after predictions of a 1.2 percent drop, according to Gartner. Another research firm, IDC, also reported a surprise increase for the quarter.
Google, which is scheduled to report first-quarter results after the market close, added 1.3 percent to $644.45. On average estimate earnings of $9.64, a 19 percent growth from the same period a year earlier.
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