The market review for April 9

on an index Dow Jones. Investor sentiment continues to spoil the situation in Greece, where rising bond spreads, which leads to increased cost of external borrowing for the country and, consequently, increase the risk of default.Published prior to bidding on the number of applications for unemployment benefits for the week ending April 3 were weaker than forecast and contributed to sales at the opening session. The value index increased by 21 thousand, although experts expect a decrease of 3 thousandTo reverse the downward trend was only with the advent of the March data on retail sales that are in various commercial networks have grown from 2% to 13%. As a result, just two hours after the start of trading stock indices climbed on the positive territory.

As a result of trading on April 8 the Dow Jones index rose by 29.55 points (0.27%) – up to 10,927.07 points, NASDAQ – at 5.65 points (0.23%) – up to 2,431.16 points, S & P – by 3.99 points (0.34%) – up to 1,186.43 points.

One of those who managed to seriously increase the volume of sales in March, became the clothing retailer Gap Inc. Its revenues grew by 11%, which was 3,7% higher than forecasts of experts.Even more noticeable was the increase sales of luxury goods retailer Saks Inc. – By 12,7%. However, quotes Saks rose only 0.01%, while Gap has managed to increase the capitalization to 3.06%.

Sales of another U.S. retailer – Target Corp. increased by 10,3%, and now CEO Gregg Shtaynhafel expects up I quarter of 2010.growth in earnings per share to 84 cents, 10 cents above the previous forecast. As a result, Target is the result, plus 3.02% was the leader among the most liquid stocks of the sector. Other retailers are also in demand, although not as high. Daily gains of shares Wal-Mart Stores Inc. amounted to 0,18%, The Home Depot Inc. – 1,1%, Kroger Co. – 0,58%, Lowe’s Companies Inc. – 1,35%.

Renewed buying and securities of the banking industry.One of the reasons for the increase in investor optimism about the prospects for U.S. banks is the desire of the Securities and Exchange (SEC) to force the organization to improve the quality of loan portfolios by introducing more stringent requirements for the securitization process.Profitability of the banking business may suffer, but the risks should be substantially reduced. On Thursday, the stock price JPMorgan Chase & Co. increased by 0,97%, Bank of America Corp. – On 0,16%, Goldman Sachs Group Inc. – On 1,78%, Wells Fargo & Co – on 0,75%, Citigroup Inc. – On 2,52%, US Bancorp – on 1,61%, The Bank of New York Mellon Corp. – On 1,24%.

In the oil and gas sector after a significant increase on the eve of the paper continued to go up the largest U.S. independent producer of hydrocarbons EOG Resources Inc. (3.1%). April 8 analysts BMO Capital Markets revised its outlook on companies with “below market” to “at the market. For EOG were tightened and other oil companies:increase capitalization Chevron Corp. amounted to 0,37%, ConocoPhillips – 1,95%, Occidental Petroleum Corp. – 0,32%, Anadarko Petroleum Corp. – 0,81%, Devon Energy Corp. – 0,14%, XTO Energy Inc. – 0,72%.

If investors are not scared oil companies roll back prices of raw materials, the metallurgical sector is not so simple. Against the backdrop of increasing pessimism in the auction of industrial metals continued to fall ahead of market AK Steel Holding Corp.(-2.24%), Fewer losses cost the United States Steel Corp. (-1,47%), Arcelor Mittal (-0,41%) and Newmont Mining Corp. (-0,35%). Rostom day were able to complete only Alcoa Inc. (0.88%) and Southern Copper Corp. (1.35%).

Adversely formed bidding for a pharmaceutical company Forest Laboratories Inc.amid the information that the administration of federal oversight of the Food and Drug Administration U.S. Department of Health has not approved a new drug for the treatment of lung disease, developed in cooperation with the Swiss Nycomed. As a result, stock quotes, Forest Laboratories fell over 13.77%.

An important novelty in the sector of air transportation was the resumption of negotiations on a possible merger between UAL Corp. – The parent company’s second-largest U.S. carrier United Airlines – and by US Airways Group Inc. Against this background, the stock price last went up in 10,7%, UAL Corp. – On 6,75%. Investors largest to date, the U.S. airline Delta Air Lines Inc.reacted positively to the message – their company increased by 4.52%. AMR Corp. (2.11%) and Southwest Airlines Co. (0.75%) accounted for a growing company colleagues.

On Thursday, the U.S. market managed to regain most of the losses suffered the previous day, but optimism about the return of speech is not involved since the fourth consecutive day, bulls are not able to update the highs of previous sessions.In this light, the most likely scenario is to consolidate at current levels, and perhaps a prolonged tightening of the level of 11000 points on an index Dow Jones. The development of a downward correction in its classical sense (a fall of more than 10% of the maximum marks), the experts still do not count.

Alcoa Inc. (AA:US) fell 1.2 percent to $14.69. The largest U.S. aluminum producer was downgraded to “neutral” from “overweight” at JPMorgan Chase & Co.

Central European Distribution Corp. (CEDC:US): The Polish vodka producer said it has agreed to sell its distribution business in Poland to Eurocash SA (EU:PW) for 400 million zloty ($139 million) in cash.

J.C. Penney Co. (JCP:US) rose 3.6 percent to $32.10. Goldman Sachs Group Inc. added the third-largest U.S. department-store chain to its “conviction buy” list and raised its share-price forecast to $37 from $32.

McKesson Corp. (MCK:US): The pharmaceutical distributor said it will sell its McKesson Asia Pacific unit, a provider of telephone and Internet health services, to Medibank Private Ltd., Australia’s largest private health services and insurance company. The terms weren’t disclosed.

Palm Inc. (PALM:US) rose 9.5 percent to $5.09. HTC Corp. of Taiwan said in an exchange filing that it declined to comment on an Economic Daily News report today saying it is in talks to acquire the smartphone maker. The Chinese-language newspaper cited market rumors for the report.

Wynn Resorts Ltd. (WYNN:US): The casino company founded by billionaire Steve Wynn abandoned its bid to take over a planned riverfront casino project in Philadelphia.

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