Wall Street optimistic

GE Capital Logo 150x48 Wall Street optimisticOn Friday the New York stock exchange ended in positive territory for the third day in a row.
General Electric (GE) was in the spotlight again as the industrial conglomerate is selling a large part of its finance units and buying its own shares.

Dow Jones, S&P500 and Nasdaq
The Dow Jones Index ended 0.6 percent higher at 18057.65 points. The S&P500 rose 0.5 percent to 2102.06 points and the Nasdaq increased 0.4 percent to 4995.58 points.

General Electric
General Electric GE sells for 26.5 billion dollars in real estate assets of GE Capital, only activities that support the industrial section of the group are kept.
At the same time GE announced to go for $ 50 billion share repurchase and predicted to pay for the period up to 2018 a total of $ 90 billion to shareholders.

Largest gains
GE closed up 10.8 percent, making it the winner in the S&P500 with the biggest price gains in more than four years in GE’s history. GE’s share went up by 2.9 percent on Thursday because of speculations about the deal that was announced Friday.

Excel Trust
Excel Trust also received the necessary attention and increased 14.3 percent. Investor Blackstone will acquire the company for approximately $ 2 billion.

Netflix and Citrix
Netflix benefited from Citigroup’s advice and climbed 3.4 percent. Software Citrix Systems, however, lost 1.3 percent after lowering the expectations.

Quarterly figures
Investors in New York were especially waiting for the continuation of the quarterly earnings season, which was kicked off by Alcoa this week. Next week, the current figure is really taking off with publications from companies like Intel, JPMorgan Chase, Wells Fargo, Google, Bank of America and GE.

Euro and Oil
The euro was worth 1.0600 dollars against 1.0606 dollars at the close of European trading. The price of a barrel of American oil rose 1.9 percent to $ 51.73. Brent oil was 2.6 percent higher at $ 58.01.