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Image by epicharmus via FlickrMonexnews - U.S. stocks closed slightly up on Friday with a low volume ahead of the Memorial Day holiday, led by materials stocks rise on commodities as a result of the weakening dollar. However, the shares closed down for the fourth week. In low-volume trading, investors are reluctant to enter the market, "said Doug Roberts, chief investment strategist at Channel Capital Research. The market also received support from traders expect the Federal Reserve will begin to add an economic stimulus, following a number of reports signaling a slowing economy." We is in the pattern when the bad news into good, and good news into good news, "said Todd Schoenberger, director manager in LandColt Trading. There was anticipation among the traders that" there is something that will happen. "
Nevertheless, in May was a bad month for stocks, in June may be worse if according to history, says Dan Greenhaus, chief economist at Miller Tabak strategic. "Given the bearish market beginning in June, mostly flat, or down 73%," according to Greenhaus. The increase in the stock market also occurred amid news that the Greek political leaders failed to reach agreement on how to overcome the debt crisis in his country, according to Reuters sources. And also the consumer sentiment index rose to 74.3 from 69.8 the previous month and better than expected at 72.4, was reported by Thomson Reuters / University of Michigan.Economic sentiment index estimates were unchanged. source: monexnews.com
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