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NEW YORK. The strengthening of the U.S. market during the week led the Standard & Poo's 500 Index to its highest level since 2008. Strengthening this speculation disbursement of stimulus by the Federal Reserve and the European Central Bank's decision to buy bonds from countries that are caught in the debt crisis.
Standard & Poor's index rose 2.2% to a level of 1437.92. This is the biggest rally since last June.
While the Dow Jones Industrial Average rose 1.6% to the level of 13306.64. This is the highest figure since December 2007 Dow Jones last year.
Reinforcement Wall Street is supported by bank stocks. Shares of Bank of America Corp. and JPMorgan Chase & Co. has climbed 5.8% during the week yesterday.
In addition, shares of Newmont Mining Corp., The largest gold producer in the United States jumped 2%. Then, there's Amazon.com Inc shares. which flew 4.4% after the release of the latest tablet computers.
Analysts at RBC Global Asset Management, said Ryan Larson, a stronger U.S. market because the central bank. "Europe continues to step back right. In the United States, there is no support for Bernanke worries about unemployment. Market was felt this would increase the barrier if it does, the Fed will announce additional easing," he said.
Earlier, on August 31, Fed chairman Ben Bernanke expressed concern about unemployment. He said the central bank will disburse an additional stimulus to boost U.S. economic recovery.
source: http://investasi.kontan.co.id
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Standard & Poor's index rose 2.2% to a level of 1437.92. This is the biggest rally since last June.
While the Dow Jones Industrial Average rose 1.6% to the level of 13306.64. This is the highest figure since December 2007 Dow Jones last year.
Reinforcement Wall Street is supported by bank stocks. Shares of Bank of America Corp. and JPMorgan Chase & Co. has climbed 5.8% during the week yesterday.
In addition, shares of Newmont Mining Corp., The largest gold producer in the United States jumped 2%. Then, there's Amazon.com Inc shares. which flew 4.4% after the release of the latest tablet computers.
Analysts at RBC Global Asset Management, said Ryan Larson, a stronger U.S. market because the central bank. "Europe continues to step back right. In the United States, there is no support for Bernanke worries about unemployment. Market was felt this would increase the barrier if it does, the Fed will announce additional easing," he said.
Earlier, on August 31, Fed chairman Ben Bernanke expressed concern about unemployment. He said the central bank will disburse an additional stimulus to boost U.S. economic recovery.
source: http://investasi.kontan.co.id
please give me comments thanks
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