Wall Street opens up, a little reassured by the GDP
The NYSE opened up Friday after the publication of the second estimate of growth in the U.S. in the second quarter, revised down less pronounced than expected from the original figure.
A few minutes after the start of trading, the Dow Jones gained 0.61% to 10,046.81 points, the Standard & Poor's 500 index 0.61% to 1,053.66 and the Nasdaq Composite 0.73% to 2134.25.
The Dow had closed below 10,000 points Thursday for the first time since July 6.
Investors, concerned over several weeks by the deteriorating economic conditions in the U.S. were partially reassured by the revision to 1.6% annualized growth in gross domestic product (GDP) in the second quarter, against 2 , 4% in the first estimate.They were expecting a decline effect more pronounced at 1.4%.
The Friday session will be moderated by the highly anticipated speech by Ben Bernanke at the symposium in Jackson Hole (Wyoming), which meets every year as several major central bankers around the world, and the final figures for the monthly survey-Reuters Michigan on consumer sentiment.
Boeing sells 0.2% after announcing a further postponement of the first delivery of its new plane the 787 Dreamliner.
The data storage specialist 3PAR jumped more than 20% to 31.34 dollars after the new increase in the offer to buy the Dell and Hewlett-Packard: the latter is now ready pay 30 dollars per share 3PAR or 2.0 billion dollars in total, against $ 27 for the latest offering from Dell.