Indexes in the USA fell in January that means high probability of one more unsuccessful year

/INTERFAX-AFI, February 3, 03/ - American stock indexes fell according to results of the past week and the whole January. Tendency of the first month of the new year, possibly, also forecasts the trend of the whole year, Bloomberg agency notes. Anyway, this always occurred excluding only ten years starting from 1950. At that, according to the data of Stock Trader's Almanac, only four times for this period change of indexes in January significantly differed from the result of the remaining part of the year. Falling of the index S&P 500 during January was 2.7%, that is record high decrease for the first month since 2000. Value of Dow Jones fell in last month by 3.5% and Nasdaq - by 1.1%. One of the main negative factors was threat of war in Iraq that raised the cost of energy supplies and slowed down economic growth. According to results of the last week S&P 500 fell by 0.7%, Dow Jones - by 1% and Nasdaq - By 1.6%. At that, values of indexes are falling for the third week one after another. However during trades on Friday increase of indexes of S&P 500 and Dow Jones exceeded 1.3%, whereas the value of Nasdaq just insignificantly decreased. Favorable influence upon the stock market was made by the data about production in Chicago region, statement of Walt Disney Co., which said that profit in the past quarter had exceeded average analysis' forecast, and also information of Boeing Co. about winning in tender for supplying 100 airplanes for $6 bn made by Ryanair Holdings Plc. "We are on the right way concerning development of economics and corporate profits as well", - assumes senior investment director of Bank of New York Co. Kevin Bannon. Production activity index of Chicago national association of purchases management (NAPM) increased in January to 56 points from 51.7 points one month before. Economists expected increase only to 53 points. Changing of this index is significant for the country as the whole because there is most part of manufacturing firms in Chicago region than in any other region of the USA. "This is the first good data, which shows increase", - notes the senior investment director of Value Line Asset Management Filip Orlando. Quotations of the securities of Disney rose by 7%. One of the largest media- companies received in the first financial quarter profit equaling to 17m cents per share against the forecasted 15 cents. At that, the earning rose to the record level due to increase of parks attendance and increase of TV advertising sales. Cost of shares the leading airplanes producer in the world Boeing rose by 3%. Profit of companies, which have reported about results of the past quarter, which's shares are included while calculating index of S&P 500, rose by 11.6%. According to forecasts of specialists of Thomson First Call, profit of all enterprises from the index is to increase by 12.5% relative to the same period of 2001. At the same time, falling by 7.6% of the price for securities of Applied Materials Inc. caused decrease of the index of high technology enterprises Nasdaq on the last working day. The company, which produces equipment for semiconductors production, informed about decrease of orders in the first financial quarter relative to the fourth one by 35% against the expected 20%. "no one wants to spend money until it's really necessary that impacts Applied Materials", - assumed the president of Shaker Investments Inc. Edbvard Khemmelgarn. Securities of Hewlett-Packard Co. (-4.3%) and Dell Computer Corp. (-1.3%) also became cheaper after expert of Lehman Brothers Inc. expressed his opinion that demand for computers of companies in the current year would be weak. Index of Dow Jones Industrial Average rose according to results of trades on Friday by 108.68 points (1.37%) - to 8053.81. At that, more than one tenth of the dayly index increase belongs to shares of Disney and Boeing. Standard & Poor's 500 rose by 11.09 points (1.31%), having equaled to 855.7. Both indexes were growing for three days out of the last four days. At the same time value of index of Nasdaq Composite fell by 1.44 points (0.11%) - to 1320.91. Trade activity on the last January's day was rather high. Trade turnover at New- York mercantile exchange equaled to 1.51 bn. shares that is more by 10% than average daily indicator of the last three months. [2003-02-03]