Posts Tagged ‘Dow Jones’
The stock market is the United States (U.S.) showed optimism in line with economic data that show the recovery on track. Also due to the bailout has been agreed upon by the Greek international monetary fund (IMF) and the European Union (EU).
As quoted from Reuters, Tuesday (04/05/2010), U.S. manufacturing sector in April grew rapidly for nearly six years. While the government reported unexpected increases in spending for construction in March, marking the first advances since October last.
Manufacturing data proved to boost the share of manufacturing companies, including Caterpillar Inc., which rose 2.7 percent to USD69, 94. So also share and 3M Co. rose 1.5 percent to USD89, 98. Read the rest of this entry »
Financial sector stocks on Wall Street slumped due to the smooth running of financial reform plan to Obama, who is feared could undermine the financial sector performance. However, the positive financial report that is able to hold Caterpillar Dow Jones in positive territory.
The new rules of financial sector reforms will face a vote in the Senate on this Monday. Stocks sag because of the financial sector directly concerned if this financial sector reform goals, then its performance will decline. The new rules include a ban bank to have a business unit of trading.
“Most big banks profit from trading and if you restrict the profits from trading, then it will limit the overall return,” says Keith Springer, president of Capital Financial Advisory Services, as quoted from Reuters, Tuesday (04/27/2010). Read the rest of this entry »