September 2, 2014

The investors in the U.S. assimilated the recent set of credible financial reports which showed that no visible change has surfaced in the shares till Tuesday. S&P 500 (INDEXSP) however has shown the greatest performance this month since February.

Coming to the strongest economy these days, Markit Ltd (NASDAQ:MRKT) has commented on its final Manufacturing Purchasing Managers Index. In August, its ratio increased up to 57.9. According to another report, Markit’s (NASDAQ:MRKT) manufacturing department also had an increment of 59.0; Rrading greater than 50 signifying profit.

The construction contribution has greatly recovered too. It rose by 1.8%, the yearly rate being $981.31 billion. This rate is considered the maximum since December 2008.

James Liu, the international market tactician of JP Morgan (NYSE:JPM) commented on the market’s condition in Chicago. Liu says that even though pricing in the market is towards the stronger side, but still this is an indication of positive results. He thinks that the market and investors expect strong economic figures. This could result in improved profits and S&P 500 (INDEXSP) could even go above 2000.

Another index Dow Jones Industrial (INDEXDJI: .DJI) had a decrement of 23.82 points (0.14%) and came to 17074.63. S&P 500 (INDEXSP) also had a loss of 2.21 points (0.11%) and came to 2001.16. As for the Nasdaq Composite (INDEXNASDAQ:.IXIC), it had a profit of 8.27 points (0.18%) and came to 45588.54.

The strategist Adam Parker from Morgan Stanley (NYSE:MS), was quiet positive about the U.S. economy. He expressed to his clients that U.S. economy is on its way to reach the greatest increment ever. S&P 500 (INDEXSP) has the chances to reach 3000 if it is given 5 or more years.

Back in august standard S&P 500 (INDEXSP) had a profit of 3.8%; this is the index’s best record since February when it reached up to 4.3%. BATS global markets (BATS) gave a data which showed that the standard amount per month, which is 5.24 million, was the minimum achieved in this year.

There are chances that the union activity will prosper. Dollar General Corporation (NYSE:DG) increased its bid price for Family Dollar Stores Inc. (NYSE:FDO) by 2% (to $80 for a share) and threatened to go aggressive if things don’t turn their way soon. The Family Dollar (NYSE:FDO) stocks increased by 0.5% ($80.21). Dollar General Corp (NYSE:DG) had an increase by 0.5% ($64.33).

Compuware Corp (NASDAQ:CPWR) shares increased by 12.2% up to $10.49. This happened when Thorma Bravo LLC decided to buy the maker of business software. This deal was finalized at $2.5 billion.

Norwegian Cruise Line (NASDAQ:NCLH) had revealed that it has signed a deal of $3.03 billion to buy the Prestige Cruises. Their shares increased by 11.8% up to $37.23.

Select Income REIT (NYSE:SIR) also made a deal of $3 billion to buy REIT Cole Corp Income Trust. The reason for buying this was the decrement in their shares by 5% i.e. of $26.51.

The shares of Conn’s Inc. (NASDAQ:CONN) dipped at 30.7% at $31.06. Q2 results were not as expected by the analysts.

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