sorry abt that
Morning all, many thanks to shantaram, nasabear, ravgnome and the many other regular contributors that make this forum function.
Our market is expected to open well with the SPI up 25pts.
US stocks close higher, pushed by Visa results
STRONG earnings by credit card giant Visa have sent its stock soaring, almost single-handedly powering the Dow to a 1.3 per cent gain.
At the closing bell, the Dow Jones Industrial Average was up 221.24 points (1.30 per cent) at 17,195.55.
The broadbased S & P 500 added 12.34 (0.62 per cent) at 1,994.64, while the tech-rich Nasdaq Composite Index gained 3.51 (0.08 per cent) at 4,552.74.
Visa was the power behind the Dow, its shares surging 10.0 per cent on the back of a nine per cent gain in fiscal fourth-quarter revenues to $US3.23 billion ($A3.49 billion) and a 17 per cent rise in earnings per share, to $US2.18.
Thursday local wrap.
The Australian sharemarket closed higher this afternoon as the big banks pushed the index higher through the day after a subdued start.
Investors weren’t phased by the news quantitative easing has come to an end but the Australian dollar tumbled a full US cent on the back of the news and is now trading at 87.76 US cents, down from 88.93 US cents before the FOMC statement.
At 4.15pm (AEDT) the benchmark S&P/ASX200 index rose 0.52%, to 5,476.2 points, while the broader All Ordinaries index added 0.48%, to 5,457.1 points.
Financials were again the heroes of the session, lifting 0.9% as a sector.
NAB rose 0.8% to $34.64 after investors saw the bank’s full year profit results. The figures showed a slide in profit but, more importantly chief executive Andrew Thorburn was talking about stemming the bleeding from NAB’s under-performing UK division and potentially offloading it.
ANZ lifted 1% to $33.26 ahead of its full year results, which we’ll be reporting tomorrow.
Westpac gained 0.85% to $34.46 and CBA added 0.7% to $80.17.
The materials sector weighed on the market again, losing 0.5%, with BHP Billiton falling 0.7% to $33.55.
Echo Entertainment posted a hefty 6.2% gain to $3.76 after a trading update, released this afternoon, said the company expects earnings first half earnings to lift up to 31% this year
source...
Have a small selection of potential day trades for anyone interested.
Video of stocks...
grab the slider to control the speed and position when viewing the video, also go to the bottom right corner to refit to your screen size
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