After reviewing the Abreast of the Market article from the February 1, 2005, sport of the Wall avenue Journal, a clearer picture of the previous days market activities is apparent. To recap, the DJIA gained 62.74 points (0.6%) to close at 10489.94; the Nasdaq Composite Index increased 26.58 (1.31%) to close at 2062.41; and the commonplace & Poors 500-stock index rose 9.91 (0.85%) to finish at 1181.27.
Overall, the market prices increased on January 31, 2005, due to a number of acquisitions winning place; analysts and brokers consider the current mergers and acquisitions a positive attribute that the U.S. economy is rallying thus causing prices to get on. Another planetary house of the economy improving is the 4th Quarter earnings post-horse of the exchanges listed companies; many of the businesses have shown fair earnings reports for the final shadow of 2004 therefore giving market analysts additional signs of a sloshed growth. Of the mergers and acquisitions taking place, two major players in the markets are fuel the positive gains of yesterday: SBC announced its proposal to buy AT&T in a deal for more(prenominal) than $16 billion and MetLife announced its plans to purchase the Travelers Life and annuity business from Citigroup for $11.5 one million million.
ASSESSING STOCK MARKET MOVEMENTS 2
After analyzing the hurt Percentage Gainers and Losers from the February 1, 2005 edition of the Wall Street Journal the list includes 100 Gainers and Losers from the NYSE, Nasdaq and AMEX.
The Price Percentage Gainers were as follows:
NYSE - Aviall (AVL): Price $28.81, Change 5.11, %Chg 21.6; Avialls meteoric rise is due to their just announced a $5 Billion Lifetime Pact to Distribute GE aviation move worldwide.
Nasdaq - StarScnfc (STSI): Price $4.90, Change 0.81, %Chg 19.8; Star Scientific is a biotechnology company developing a tobacco curing ferment that will prohibit...
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