Tuesday the stock indexes of the USA were up-directed, despite the lowering of the consumer confidence index in the USA and the production index of the FRS Richmond. The investors saw a sign in the economic weakness that the Federal Reserve System is likely to apply to further stimulation. Dow Jones Industrial Average index closed on the upside by 46,10 points or by 0,43% to 10858,14. Nasdaq Composite index ticked up by 9,82 points or by 0,41% to 2379,59, Standard & Poor's 500 gained 5,54 points or 0,49% touching 1147,70.
The companies shares of the health care sector were the growth leaders supported by the report which showed a confident surge of Walgreen sales. Walgreen shares moved up by 11%.
The best dynamics was also demonstrated by Pfizer shares increased by 1,5%. Intel papers turned up by 1,4%, Alcoa shares – by 1,2%.
Reports on the housing market, consumer confidence, activity and production sectors within the FRS-Richmond responsibility signaled that the economy remains weak. However, the investors took the disappointing data as a sign that the FRS may take new measures for backing up the economy, even if it poses a threat of inflation rising. According to Wall Street Journal, the FRS considers a new tactics of buying the long term state bonds of the USA for helping a slow recovery.
The expectations that some actions would result in the inflation uprise and in its turn harm the dollar pushed the American currency downwards.