Wall Street opening undecided

Wall Street operates on a hesitant note in early trading, pending the publication of monthly statistics of sales of new homes.

The major indexes started up after raising earnings forecasts from FedEx Group but they quickly moved into the red.

Ten minutes into trading, the Dow Jones was almost in equilibrium at 10,427.27 points, the Standard & Poor's 500 index was virtually unchanged at 1102.91 points and the Nasdaq Composite Index retreated 0.16 % to 2265.93 points.

FedEx earned more than 4% after raising its earnings forecast for the quarter and year.

Values pharmaceutical react to rumors of acquisition of biotech company Genzyme. Genzyme earned the title at 5.33% 65.85 dollars in early trade.

Finally, the BP side as New York took 2.79% to 37.89 dollars before the board meeting, scheduled for Monday evening, which could define the modalities of the departure of CEO Tony Hayward and announce his replacement by Bob Dudley, the American leader who also oversees the fight against the oil spill.

Published on 26 Jul 2010 in management, marketing, occupation, success, tidings, by admin

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