Wall Street Closes First Quarter With Positive?

Jakarta - MAKE MONEY BLOG ~ Wall Street stock market closed the first quarter of 2012with a significant strengthening even gone down for six of the ninetrading days. Stock up uncle sam was driven by stock-basedenergy and health products.


The S & P 500 rose 12% in the first three months of this year, its best performance since 2008. The average gains the highest sincefour years ago

Apple shares fell 1.7% to U.S. $ 599.55, leading to weakening anddragged the Nasdaq red zone. Even so, the iPhone manufacturer'sstock has shot 48% in just three months with a market capitalizationreached U.S. $ 558.9 billion.

Investors began to chase the shares of consumer-based data on consumer spending after the United States (U.S.) rose the highestin seven months, despite only mediocre wage growth.

Index of consumer sectors in the S & P rose 0.65% in tradingFriday. While health care products rose 0.75% even in the quarterfell 8.4%.

Energy shares fell, too, who had previously gained, oil and gassector index rose 1.7%. Within three months of this oil and gas sector has shot 10.1%.

"If there is no bad news and the Fed continues to push money into the economy, the market could go higher," said John Manley, head of Wells Fargo Funds Management Investaso in New York, diutip by Reuters on Saturday (03/31/2012).

At the close of trading Friday, the Dow Jones rose 66.22 points(0.50%) to as low as 13212.04. The S & P 500 added 5.19 points(0.37%) to a level of 1408.47. Nasdaq Composite Index fell 3.79points (0.12%) to a level of 3091.57.

(ang / ang)
source: detik.com
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Posted in: Stock market,Wall Street