Wall Street Rose Over 1% thanks to the Positive Data
Stock Wall Street again strengthened by a rise of around 1% thanks to the data that provides a positive trend in the economy of the signal. Investors forget for a moment the development of European crisis that is still uncertain.
"We have seen a trend that was encouraging on the U.S. economy data in the last 2 months," said Peter Jankovskis, co-chief investment officer of OakBrook Investments as quoted from Reuters, Friday (30/12/2011).
"If the trend continues, it will provide a good support and probably some momentum for intensified," he added.
The Data was encouraging, among others, penjyalan a number of U.S. homes rose to its highest point, 1.5 years dala during November, while the activities of the manufacturer of the ride beyond expectations during December.
In trading Thursday (19/12/2011), index, the Dow Jones industrial average closed rose up to 135,63 points (1.12%) to as low as 12.287 2885.04. Standard & poor's 500 index also strengthened 13,38 points (1.07%) to as low as .02, and the Nasdaq rose 1,263 23,76 points (0.93%) to as low as 2,648 74.00944.
The rally was causing index S & P 500 rose 0.4% during the year 2011. Trading on Wall Street left 1 day longer for 2011.
