Wall Street Market Report

Written By Unknown on Kamis, 28 Februari 2013 | 20.24

27 February 2013 Last updated at 16:25 ET Continue reading the main story Continue reading the main story

(Close): The US shares rallied for a second day, as evidence of a recovery in the housing market mounted.

The Dow Jones gained 176 points, breaking above the 14,000 level to 14,076, its highest close in the five years since the financial crisis began.

The Dow is close to its all-time high of 14,198.10, set in November 2007.

Worries that Italy's indecisive election result may renew the eurozone crisis have fallen away in the face of robust US home sales data.

Ben Bernanke also buoyed the market, arguing in Congress for a deal to delay big spending cuts due this Friday.

The Federal Reserve chairman said that if the $85bn "sequester" were allowed to stand, it could actually end up increasing the government's budget deficit because of the damaging effect such a sudden reduction in public spending could have on the economy.

Meanwhile, the Nasdaq tech index rose 33 points, to end the day at 3,162.

Shares in Dollar Tree Stores jumped 10%, after the retailer, which sells miscellaneous items from flowers to office supplies to toys, reported an unexpected rise in spending by shoppers.


Anda sedang membaca artikel tentang

Wall Street Market Report

Dengan url

http://ukberbaginfo.blogspot.com/2013/02/wall-street-market-report.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Wall Street Market Report

namun jangan lupa untuk meletakkan link

Wall Street Market Report

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger