9:26 PM
admin
YORK - Stock index on Wall Street rose to its highest point in the last 5 months. These shares lead the reinforcement material after Alcoa announced the financial statements. Banking stocks also rose.
Alcoa's previously announced earnings that exceeded expectations and provided outlook brightens for the aluminum industry. Shares of Alcoa recorded up to 1% to as low as U.S. $ 9.44. GSPM materials sector index rose 1.8% was recorded.
Shares in the U.S. market continued to strengthen amid concerns over the crisis in Europe. Investors continue encouraged by economic reports as well as optimism the U.S. economic recovery. Earnings season also continues to push up stocks.
"Investors are still focused on Europe, but not too much into account when compared to last November," said Jonathan Corpina, head of trading at the NYSE from Meridian Equity Partners as quoted by Reuters on Wednesday (11/01/2012).
But the focus is likely to be turned around quickly. Two auctions of securities in Europe namely Italy and Spain this week will be the focus of investors. Auction it will be a guide on how worried investors about the condition in Europe.
In trading Tuesday (1/10/2012), the Dow Jones industrial average closed up 69.78 points (0.56%) to as low as 12462.47. The broader Standard & Poor's 500 index also gained 11.38 points (0.89%) to a level of 1292.08 and the Nasdaq gained 25.94 points (0.97%) to a level of 2702.50.
"Historically, earnings season has helped the market move higher, so let's take my hat off to this moment, but do not forget about what happened in Europe," added Corpina warned.
In addition to Alcoa, materials and industrial stocks were Caterpillar Inc. rose. Heavy equipment manufacturer's stock climbed 3% to U.S. $ 99.96 and brought the Dow Jones rose.Banking stocks also rose with the KBW bank index rose 1.9%.
Trade runs quite busy with transactions reached 7.02 billion shares, above the daily average of 6.7 billion shares.
(Qom / Qom)
source: detikfinance.com
please give me comments thanks
Alcoa's previously announced earnings that exceeded expectations and provided outlook brightens for the aluminum industry. Shares of Alcoa recorded up to 1% to as low as U.S. $ 9.44. GSPM materials sector index rose 1.8% was recorded.
Shares in the U.S. market continued to strengthen amid concerns over the crisis in Europe. Investors continue encouraged by economic reports as well as optimism the U.S. economic recovery. Earnings season also continues to push up stocks.
"Investors are still focused on Europe, but not too much into account when compared to last November," said Jonathan Corpina, head of trading at the NYSE from Meridian Equity Partners as quoted by Reuters on Wednesday (11/01/2012).
But the focus is likely to be turned around quickly. Two auctions of securities in Europe namely Italy and Spain this week will be the focus of investors. Auction it will be a guide on how worried investors about the condition in Europe.
In trading Tuesday (1/10/2012), the Dow Jones industrial average closed up 69.78 points (0.56%) to as low as 12462.47. The broader Standard & Poor's 500 index also gained 11.38 points (0.89%) to a level of 1292.08 and the Nasdaq gained 25.94 points (0.97%) to a level of 2702.50.
"Historically, earnings season has helped the market move higher, so let's take my hat off to this moment, but do not forget about what happened in Europe," added Corpina warned.
In addition to Alcoa, materials and industrial stocks were Caterpillar Inc. rose. Heavy equipment manufacturer's stock climbed 3% to U.S. $ 99.96 and brought the Dow Jones rose.Banking stocks also rose with the KBW bank index rose 1.9%.
Trade runs quite busy with transactions reached 7.02 billion shares, above the daily average of 6.7 billion shares.
(Qom / Qom)
source: detikfinance.com
please give me comments thanks
Posted in: 
0 comments:
Post a Comment