Spain Ready Given Bailout, Wall Street Still Flat

New York - Wall Street ended flat at the weekend despite lackluster investor bailout for Spain will be the next week. Technology stocks underpinning the stock market thanks to Apple.


Apple's stock hit a high return at U.S. $ 705.07 per share after starting marketed their latest smart phone, the iPhone 5. Apple shares ended up 0.2% to U.S. $ 700.10.

News from Spain was also helped stocks after the country much debt it will freeze pensions and lower the age for retirement in order to cut the budget.

The move, which was also approved by the European Central Bank (ECB) plus a third phase of the stimulus plan The Federal Reserve continues to drive market confidence.

"The market is waiting for the Federal Reserve and the stimulus without the limits of their promises," said Steve Wood, chief market strategist at Russell Investments in New York told Reuters on Saturday (09/22/2012).

At the close of trading Friday, the Dow Jones thinned to a level of 17.46 points (0.13%) to a level of 13579.47. The broader Standard & Poor's 500 fell 0.11 points, thin (0.01%) to a level of 1460.15. The Nasdaq Composite Index edged up 4.00 points to a level (0.13%) to a level of 3179.96.

source: detik.com


(ang / ang)

please give me comments thanks

Posted in: Apple shares,Bailout,Spain,Wall Street