Yashaswini Swamynathan by Rodrigo Campos
NEW YORK, July 15 (Reuters) – Wall Street ended without sharp trend Friday better than expected retail sales and disappointing bank results being annihilated each other.
Still, all three indices recorded their third consecutive week of gains, but the stock index futures fell in after-hours trading in reaction to reports of an attempted putsch in Turkey.
An index fund that tracks the Turkish market fell late in the session and lost nearly 7% after closing. The Turkish lira hit a three-week low against the dollar and lost more than 3% to 2.9755 per dollar.
“The yields (Treasuries) fell, the Turkish lira has fallen gold rises: it is the standard response to this situation, “said Brian Jacobsen (Wells Fargo Funds Management). “I do not think there will be repercussions elsewhere. It’s not like the 2011 Spring arable where anti-government demonstrations to demand more democracy led to another. The problems of Turkey appear to be his own.”
The Dow Jones index gained 10.14 point (0.05%) to 18,516.55 points a new closing record. The S & amp; P 500, larger yielded 2.01 point (0.09%) to 2,161.74. The Nasdaq Composite has left his side 4.47 point (0.09%) to 5029.59
On the whole week, the Dow gained 2%, the S & amp;. P- 500 1.5% and the Nasdaq Composite 1.5% also. The S & amp; P 500 rose more than 6% during the three weeks in the green
Retail sales rose more than expected in June in the US, which reinforces the impression. an acceleration of the US economy in the second quarter.
But the future may be darker than said this statistic since the morale of US households has deteriorated in July, according the first estimate of the results of the monthly survey from the University of Michigan.
in addition, poor results from Citigroup and Wells Fargo have disappointed the expectations that were born the day before with those of JPMorgan Chase .
Citi has yet announced a quarterly profit that has less lower than previously thought its CEO, while Wells Fargo saw its result burdened by the increase in provisions for receivables.
Citigroup accuses a modest loss of 0.27%, while Wells Fargo significantly retrograde, 2.5% higher loss of the S & amp index; P. The financial sector index accuses him a modest loss of 0.17%.
The attack occurred Thursday night Nice and has killed 84 people weighed primarily on the values of travel and tourism.
Priceline, Expedia and TripAdvisor have suffered declines of 0.4% to 1.15%, while Delta Air Lines and Continental accused respective losses of 2.4% and 0, . 9%, but ended Southwest stationary
on the positive side however, traders will no longer provide for a decrease of 4.7% profit component of the S & amp index companies; P-500 in the second quarter , while the percentage was 5% earlier in the week.
“when discussing the earnings season with a prejudice that may be good for the stock market as good surprise strength to redeem discovered and this gives an uptrend, “said Quincy Krosby (Prudential Financial).
on the foreign exchange market, the greenback also progressed by more than 0.6% against a benchmark basket of currencies and gained 5% against the yen throughout the week, its highest weekly gain since February 1999.
the sterling took nearly 2% against the dollar due to the unexpected decision the Bank of England to observe the monetary status quo Thursday.
the announcement of the coup in Turkey also had the effect of raising the oil market, futures on WTI and the Texas Brent on the winner between 1.3% and 1.6%, while Treasuries cut their losses.
This is how the paper 10 years not lost that 8/32 for a yield up to 1.558%, while it had given up 20/32 in session at a yield of 1.601%, some US statistics have led investors to anticipate a further rise in rates in the United States by the end of the year.
the business volume of the Stock Exchange was 6.1 billion shares traded, below the daily average of 7.8 billion of the last 20 sessions.
(With Caroline Valetkevitch Don Rabouin, Karen Brettell, Wilfrid Exbrayat for the french service)
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