The NYSE has ended in a disorganized meeting Friday after a nondirectional, two indicators found reassuring on industrial activity and consumer confidence offset the announcement of a slowdown in growth in the second quarter.
The Dow Jones closed down on a symbolic point of 1.22, or 0.01%, to 10,465.94.
The S & P 500 is broader, was also virtually unchanged at 1101.60 points (0.01%).
The Nasdaq Composite Index was on his side of 3.01 points (+0.13%) to 2254.70.
For the week, the Dow Jones rose 0.40%, the S & P 500 lost 0.1% and the Nasdaq dropped 0.65%.
Telefonica announces a 9.4% increase in earnings in the first half, exceeding expectations, the strength of its overseas operations to compensate for the weakness of its domestic market, Spain.
The Spanish division of the group, which generates one third of total turnover, has been hit hard by the recession and caused concern to investors. But the group said Thursday she was showing signs of improvement.
He has limited the decline in sales to 3.2% in the second quarter, against 5.7% in the first three months of the year.
"These results are solid at all levels, a recovery in Spain offsetting recent fears of a slowdown in consumption.Business in Latin America is solid, "said David Wright, an analyst specializing in telecommunications from Deutsche Bank, adding that the group's activities in Britain and Germany will also reflect well.
The first operator of the euro zone by market capitalization has made a net profit of 3.78 billion euros in the first half, against forecasts for 3.68 billion euros by 10 analysts polled by Reuters.Its first half sales rose to 29.05 billion euros against 28.55 billion expected.
After weeks of fierce fighting, Telefonica has achieved his ends Wednesday in announcing an agreement with Portugal Telecom to repurchase shares of Portuguese in the Brazilian mobile operator Vivo.
In Latin America, which generates 40% of sales, group sales rose 10.2% and gross operating income of 6.1%.
The control of Vivo should allow the group to increase the number of subscribers in Brazil, giving it top spot in this coveted market.
For its part, France Telecom said Thursday a decline in sales and profit margins in the second quarter, but he confirmed the level of its dividend until 2012.
The New York Stock Exchange opened higher on Tuesday, supported by better than expected results released Monday evening by Alcoa.
A few minutes after opening, the Dow Jones industrial average thirty largest U.S. took 1.09% to 10,327.29 points, the S & P 500 index fund manager, gained 1.15% at 1091.15 and the Nasdaq, heavily weighted to technology, advanced 1.17% to 2225.89.
Alcoa, the first value referenced in the Dow, accounts for 2.21% at the opening after reporting late Monday results exceeded expectations under its second quarter, prompting investors to hope that other heavyweights the economy in their turn to share optimistic news.
The railroad company CSX also pleasantly surprised markets Monday and its shares gained 1.43% in early trade.
The avalanche of results which will soon go off just in time for investors who were reluctant in recent weeks on how to proceed.
"The problem in markets is that there was a lack of visibility and now we have," said Wayne Kaufman, John Thomas Financial in New York.
Greece became the second most risky in terms of sovereign debt due to a deterioration of its debt in the second quarter, a survey of CMA Datavision.
Athens was still in the ninth position of the most risky in terms of sovereign debt in the first quarter, said CMA.
The cost of protecting against a default in the country five years on its debt (credit default swap) has jumped to 1,003.4 basis points (bps) in the second quarter.There is a probability of 55.6% of default of Greece in the five years.
Greece is also the countries with the worst performance in the second quarter with an increase of 190% of its CDS, followed by Belgium with the CDC have increased 168.5%.
Spain completes the podium with a jump of 129.2% of its CDS, while Portugal and France are respectively the fourth and fifth worst student with an increase in the cost of protection on debt of 129.2% and 112.3%.
In absolute terms, Venezuela, with CDS has reached 1305.7 bps remains the country's riskiest ranking made by the company study the risk of default on debts, Caracas, with a probability of default to five years' s raising to 58.7%.
Iceland and Egypt are instead left the group of the ten riskiest in the world, unlike Romania and Bulgaria which joined the top 10 at the eighth and tenth positions respectively, their banks being heavily exposed to Greece.
Among the safest countries in the world are still Norway and Finland, which continue to occupy the first and second place in the field, while the U.S. is hoisted from the tenth to third in favor of improving the credit situation in the country.
Germany, which is a reference in the euro area sovereign debt, and the Netherlands have however slipped in the rankings of the safest countries.
Germany has dropped to third from sixth place the first three months of the year and the period April-June The Netherlands has them in eighth place after being in sixth place three months earlier.
For a chart on the classification of CMA Datavision, click on:
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