Fortune 500 Global

Uneven share prices on Wall Street on Wednesday have completed the trade. The focus of interest, the interest rate decision by the U.S. Federal Reserve stood. The Fed has responded as expected, more confident about economic developments and the situation on the labor market in the U.S., but gave no specific signals for a monetary policy change. (Photo: Schneider)

The Dow Jones index after the testimony came in slightly under pressure and fell to the day’s low at 10,428 points. He could trade up to the end, however, recover a bit.

The Dow Jones index of 30 industrial average (DJIA) fell by 0.1% or 11 points to 10,441. During the day, the index recorded in a range from 10,428 to 10,510 points. For the S & P 500, however it went up by 0.1% or 1 point to 1109 upwards. The Nasdaq Composite Index recorded a premium of 0.3% or 6 points to 2.207. During these, 1.15 (Tuesday: traded 1.18) billion shares. There were 1969 foreign exchange gains and 1,068-loser, 109 tracks closed unchanged.

Investors were focused on whether the Fed will raise against the backdrop of the better-than-expected U.S. employment data for November, its economic outlook, said one participant. The FOMC has indeed confirmed that economic situation has improved, but the monetary authorities to Fed Chairman Ben Bernanke gave no indication that they expect a rise in inflation, the increase in interest rates makes it necessary. "The Fed has the strong jobs report is not ignored, but made clear that only a good report, no turnaround is," said one participant.

"Whereas since the FOMC meeting in November, incoming information indicates that economic activity has further grown and that a deterioration in the labor market weakening," says the statement by the FOMC. The previous formulation that the company will continue depleting the bodies, was also deleted from the text. Instead, it now reads that the company held back at the office building. According to an economist on the U.S. Federal Reserve to pay the latest U.S. employment report into account. In November, the agency decline in the U.S. labor market had almost come to a standstill.

"Even if the Fed is the general direction of monetary policy has not changed today, realizes that she is no longer concerned solely with the control of acute crisis," said Commerzbank economist Bernd Weidensteiner. The Fed could now – since the financial market crisis had passed its peak – to turn their attention increasingly to the overall economy. "We therefore remain committed to our forecast that the Fed will not decide the first interest rate increase before the autumn of 2010."

Before the rate decision by the Fed, the economic data of the day were the focus. Adjusted for the volatile prices for energy and food inflation remained in November in the United States at the level of October. The consensus had forecast a slight increase of 0.1%. The number of building permits has increased by 6% in November and has surpassed the consensus forecast by almost double. Moreover, the decline in housing starts fell in October, revised a bit lower than originally reported.

Among the companies were mainly technology stocks in the spotlight. Adobe Systems, Sun gained 4.1% to 37.86 U.S. dollars. Those published on the eve Viertquartalszahlen the software company has just exceeded sales expectations in the market. The business figures demonstrate a robust demand, the company advised. Intel lost 2.1% to 19.38 against U.S. dollar and thus were the weakest value in the DJIA. The U.S. Federal Trade Commission charges the company from abusing its dominant market position to have.

Broadcom rose 4.6% to U.S. $ 31.73 after the company has raised justified on the eve of its sales outlook for the fourth quarter to 1.32 billion USD 1.25 billion USD of pre-and this with an improved demand. Especially in the business broadband and enterprise networks, the demand was better than expected.

Dell had reported pre-IPO, the burden costs for the integration of purchased Perot in the fourth quarter pretax profit of 120 million to 130 million USD. Would be in addition 80 until $ 120 million for organizational expenses. Dell rose by 1.4% to 13,70 USD. The DJIA Chevron benefit from the sharp rise in oil prices and gained 0.7% to 77.89 U.S. dollars.

Shares of Citigroup lost 3.1% to $ 3.45. Citigroup gets in trouble with the Staatsfond Abu Dhabi Investment Authority (Adia), who had planned two years ago, an entry in the bank. The State Fund had then agreed to fix the conversion rates of a loan into shares of Citigroup and would book the face of heavy losses from the fallen share price now imminent severe USD 7.5 billion transaction. Adia Citigroup raises a "fraudulent twist" before the original agreement. The Bank should maintain the transaction calls for the fund over 4 billion USD damages. Citigroup sees it differently, it announced that "act vigorously" against allegations of Adia.

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