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Wall Street ends up 0.42%, HP has suffered

NEW YORK (Reuters) - U.S. stocks closed higher Monday, buoyed by hopes for the Fed to announce on Tuesday the injection of new cash into the economy, while Hewlett-Packard action collapsed investors punishing the resignation of its former CEO.


The Federal Reserve is expected to renew his promise to keep rates at a level close to zero for a prolonged period and may also prevent it stands ready to turn the printing press to support a takeover fever.

The Dow Jones closed up 0.42%, 45.19 points at 10,698.75 points, the S & P 500 took 6.15 points, 0.55%, to 1127.79 points and the Nasdaq gained 17 , 22 points, 0.75% to 2305.69 points.

Values, the day was very painful for Hewlett-Packard, sanctioned by investors after the resignation of Mark Hurd, the center of a sex scandal. Even before the opening, HP has lost up to 10% in after-hours trading on Monday before ending a decline of 7.99% to 42.60 dollars.

This slip is, however, perceived by some analysts as an excellent opportunity to strengthen their portfolio on the cheap stock HP.

"It (the sex scandal) changes nothing in our opinion, and depending on the magnitude and duration that will take the divestitures that might be a good opportunity to take more action," said Hank Smith Haverfort Trust. "There is no question of selling one," he said.

Mark Hurd has met with success in improving margins and HP results, but the board could benefit from this starting to recruit someone who would be able to make a new "vision" for the group, said Hank Smith.

The trend has benefited the day at McDonald's, whose stock has touched a session during an unprecedented 73.33 dollars after announced that its store sales had increased more than expected in July. McDonald's has closed up 1.64% to 72.92 dollars.

Posted by Learning Foreign Exchange on 4:21 PM. Filed under , . You can follow any responses to this entry through the RSS 2.0

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