Wall Street range by Mondelez and Kellogg


by Lewis Krauskopf

NEW YORK (Reuters) – The New York stock Exchange ended slightly higher Tuesday, aided by the good performance of the securities Mondelez and Kellogg after the quarterly results of the two food groups, which allows the three indices on Wall Street show in October with their best monthly performance since February.

The Dow Jones gained 0.12 per cent, or 28,50 points, 23.377,24. The S&P-500, wider, took of 2.43 points, or 0.09 percent, 2.575,26. The Nasdaq Composite has advanced its side of 28,71 points (+0,43%) 6.727,67.

For the whole month of October, the Dow has taken a 4.3%, the S&P 500 2.2% and the Nasdaq 3.6 percent.

The action Mondelez has gained 5.4% 41,43 dollars after the maker of Oreo cookies and Milka and Cadbury chocolates said on Monday after the close of the quarterly results better than expected, thanks in particular to strong demand in Latin America and Europe.

The title Kellogg jumped 6.2% to 62,53 dollars in the wake of the announcement by the giant of the cereals of an unexpected rise in sales in the third quarter, after ten consecutive quarters of decline.

Because of this, the S&P 500 index comprising the values related to the consumption of so-called base has taken 0,84%, signing the best sectoral performance of the day. This brings to 2.8% the growth of this index since the beginning of the year, which is significantly less than the gain of some 15% of the S&P 500 over the period.

The compartment technology, which was still up 0.4%, thanks notably to an increase of 1.4% as Apple (NASDAQ:AAPL), rose by 35.6% since the beginning of the year, the best performance of the rating.


Apple stock is always carried by the journals positive reviews of its iPhone X. The group is also at the origin of the good performance of the as Intel (NASDAQ:INTC), with a gain of 2.5% 45,49 usd has signed the largest increase in the Dow Jones, after investors were told that the manufacturer of the iPhone could eventually choose the modems in the giant semi-conductors.

Conversely, the action Qualcomm (NASDAQ:QCOM) plunged 6.7%, which is one of the largest declines in the S&P 500 after the sources have said that Apple had designed models of the iPhone and iPad that will be able to pass chips of the group.

The title Under Armour (NYSE:UAA) has accused the decline is most pronounced in the S&P 500, plunging 23.7% 12,52, following the announcement by the sports equipment that it had significantly reduced its goals for 2017.

At the other end of the spectrum, the action Rockwell Automation has gained 7.4% to 200,82 dollars after the u.s.-based manufacturer of industrial equipment has announced that it has rejected an unsolicited bid from Emerson Electric in holding insufficient the amount of more than 27 billion dollars (23 billion euros) offered by its competitor.

The title Emerson, for its part, yielded a 4.3% 64,46 dollars.

On the foreign exchange market, the dollar remained unchanged in the face of a basket of international currencies, but it records in October its second consecutive month of increase after having declined previously for six months in a row.

The loans of the 10-year Treasury also remained stable while the price of oil has still increased despite data showing a rise in u.s. exports, a development that could call into question the efforts of stabilisation of the market.

About 6.8 billion shares were traded during the session compared to a daily average of $ 6.1 billion recorded during the past 20 sessions.

(Benoit Van Overstraeten for the French service)

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