On the eve of the US stock market has demonstrated one of the most significant drop since the beginning of the year against the strengthening of the dollar, which could adversely affect the profits of the companies and the wider economy, reports Bloomberg.
To some extent, the growth of the US stock market on Wednesday, supported by news from Europe, where the European Central Bank is the third day buys government bonds as part of the program of quantitative easing, while Greece has started technical talks with creditors.
Reporting season in the US is completed in the next few days, some of the recent results for the previous quarter this week unveil Dollar General Corp (NYSE: DG). and Oracle Corp (NYSE: ORCL). Of companies have already reported 74% better than expected earnings, and 56% – in terms of revenue.
Analysts expect earnings of companies from the list of S & P 500 decline in I quarter 2015 quarter by 5.1% after rising 4.4% in October-December 2014. Last time there was decrease in profits in 2009.
Index Dow Jones Industrial Average on March 11 rose to 43.95 points (0.25%) – up to 17,706.89 points.
Standard & Poor’s 500 rose 4.02 points (0.20%) – up to 2,048.18 points.
Nasdaq Composite gained 3.77 points (0.08%) and amounted to 4,863.57 points.
Shares of General Mills Inc (NYSE: GIS). increased by 0.1%. After the market close on Tuesday, the company announced an increase in its quarterly dividend by 7%.
The most significant contribution to improving the S & P 500 made of paper pharmaceutical company Merck (XETRA: MRCG) & Co., added to the price of 1.1%.
The price of the Google, which announced the night before the resignation CFO, has not changed much.