Wall Street Continues Drove in the 'Green Line'

Make Money Blog $, Jakarta - Stocks on Wall Street drove U.S.encouraged by the positive data from the manufacturing industrythat the above estimates. Then the private sector in the U.S. alsoreported to create 91 thousand jobs in August.

In trading Wednesday (08/31/2011), the Dow rose 53.58 points(0.46%) to a level of 11613.53. The S & P500 rose 5.97 points(0.49%) to a level of 1218.89, and the Nasdaq rose 3.35 points(0.13%) to a level of 2579.46.

The market got a boost when the Institute of Supply Management-Chicago reported purchase data index reached 56.5in August or above analysts' predictions.

Also been reported in a separate place in the U.S. private sector to create 91 thousand jobs in August, is still lower than market expectations.

During August, the Dow Jones fell 4.4% after market turmoilcaused by chaotic settlement of debt in the U.S., and the decline inratings from Standard & Poor's. This raises fears of a recession,not to mention there are fears of debt crisis in Europe.

"This is a bad month, we want to forget it as soon as possible," said analyst Gregory Volokhine as quoted by AFP on Thursday (01/09/2011).
source: detik.com
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