FX.co ★ The US stock market review

The US stock indices closed deals with a gain on Wednesday. The FRS remained the interest rate uncharged nearly zero level. Boeing reported about higher-than-expected fourth-quarterly profit, and Apple announced a new product – Ipad. According to the trading results Dow Jones Industrial Average index rose by 41.87 points or by 0.41% to 10236.16, having demonstrated the most significant session’s growth since January 19. Nasdaq Composite index ticked up by 17.68 points or by 0.8% to 2221.41. Standard & Poor\'s 500 boosted by 5.33 points or by 0.49% to 1097.50.
Boeing shares increased by 4.22 USD or by 7.3% to 61.93 USD. The company’s profit surpassed expectations in the fourth quarter, although forecasts for 2010 became worse than economists predicted. Bank of America shares climbed by 42 cents or by 2.8% to 15.19 USD, J.P. Morgan Chase shares surged by 89 cents or by 2.3% to 39.33 USD.
At the same time, Caterpillar shares dropped by 2.41 USD or by 4.3% to 53.44 USD. The company’s fourth-quarterly profit was better-than-expected. However, profit forecasts for the current year did not match the expectations. Apple shares advanced by 1.94 USD or by 0.9% to 207.88 USD. Chief of the company Steve Jobs finally unveils tablet computer named Ipad, various modifications of which will cost from $499 to $829. On Wednesday, the FRS offered a slightly more optimistic assessment for the US economy outlook, but left rates unchanged in order to sustain the fragile recovery.

Best regards,

analyst: Vladimir Donin