The market review for October, 7st

Stock trades in the United States were closed on October 6 growth of leading indexes against the backdrop of rising prices for metals and oil. Shares in the country’s largest aluminum producer Alcoa Inc., Which will soon publish its financial report for the III quarter of 2009., Went up by 3,5%. Securities of the country’s largest gold mining company Newmont Mining Corp. up to the bidding went up by 7%. Furthermore, increased by 3,4% in the price of shares of the world’s largest mededobyvayuschey company Freeport-McMoRan Copper & Gold Inc. 

Favorable trading session ended and for the oil sector companies. In particular, the securities the world’s largest oil company ExxonMobil Corp. up to the bidding went up by 1,6%, while shares of its smaller competitors Chevron and ConocoPhillips – by 1,7% and 1,2% respectively. Grew up on the basis of trades and quotes in the Finance Sector, headed by quotations the world’s largest insurance company American International Group (+4,9%), which contributed to the growth appeared on the market information that the company intends to sell its Taiwanese unit of Primus Financial Holdings Ltd . for $ 2 billion on 0,3% and 0,2% respectively on the basis of trading bank shares have risen in price Goldman Sachs Group and Bank of America. At 7.9% in the session, the shares have risen in price financial company Hartford Financial Services Group Inc., After analysts from UBS AG advised them to buy.

Meanwhile, at 5% and 1.9% respectively, increased the price of shares of the publishing house New York Times Co. and the world’s largest software manufacturer Microsoft Corp.

Dow Jones index rose to 131.5 points (1.37%), amounting to 9,731.25 points

NASDAQ – at 35.42 points (1.71%) – up to 2,103.57 points

S&P – at 14.26 points (1.37%), amounting to 1,054.72 points.

Sector :

Industry :

Technical Perspective:

The pullback during the afternoon yesterday did no intraday chart damage and as long as the afternoon trough/support at 1047/1046 S&P remains in place the index is positioned to extend this week’s push over the near term. Resistance above the high (1060) is at 1063/1064 and 1069/1071.

Key economic data:
-August Consumer Credit at 15:00ET (consensus -$10.0 bln; prior -$21.6 bln)

Federal Reserve/Treasury calendar:
-None

Key Note/Bond auction results:
-$20 bln in 10-year Notes reopening at 13:00ET

Earnings:
-AA and RT are confirmed to report today after the close

Key industry conferences:
-Johnson Rice Energy Conference (Day 3 of 4) — Companies presenting: SD, CRZO, MDR, GDP, DNR, KEX, PKD, SGY, EXH, ANW, GST, IO, PCX, EAC, PDC

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