Midday Monday, the U.S. stock market continued to rise, raw materials sector led the broader market. Investors this week will announce earnings and Obama's State of the Union optimistic expectations.
EST at 12:00 on January 24 (Beijing time at 1:00 on January 25), the Dow Jones industrial average rose 80.71 points to 11,952.55 points, or 0.68%; the Nasdaq composite index rose 21.88 points to 2,711.42 points, or 0.81%; Standard & Poor's 500 index rose 5.89 points to 1,289.24 points, or 0.46%.
Dow 30 stocks Intel (INTC) rose 1.1%, the chip maker announced a 15% dividend increase and stock repurchase plan approved by the size of its increase of 100 billion U.S. dollars. United Technologies Corp. (UTX) up 0.8%, the company will report earnings after the bell on Monday. American Express (AXP) will report earnings after the bell today, and its shares rose 0.1%.
Dow component, fast-food giant McDonald's (MCD) fell 0.8%. The company announced fourth-quarter net profit rose 2.1%, in line with market expectations. But investors at the end of this company same-store sales growth was slowing down. McDonald's December same-store sales increase of 2.6%, only about half of the increase in the previous two months.
RadioShack (RSH) fell 11.9%, so the only non-consumer goods sector fell of the plate. The company expects fourth-quarter earnings would be below analyst expectations. The company also said that as the business unit T-Mobile's poor performance, and increase the proportion of low-margin mobile phone sales, promotions, increased, it is expected that future profitability will be reduced. In addition, the company also announced that Chairman and CEO Julian - Dey (Julian Day) will retire in May.