Go Finance Report - Optimism market participants will be economic growth in 2011 managed to trigger the three major indexes United States (U.S.) strengthened. In fact, the S & P scoring record highs in the last two years.
S & P rose 6.8 percent this month. Nevertheless, the volume of trade that occurs is still low due to investors awaited the arrival in January to see the development of the next situation.
"I do not want to miss this moment, but I'm also not ready to say the index in the trend to strengthen," said chief investment officer at Harris Private Bank's Jack Ablin, in Chicago, as quoted by Reuters.
"I want to see how the actual market response, when trading volume is growing normally and the many issues and economic data that emerged," he added.
A number of consumer sector stocks posted significant gains appear. Shares of McDonald's Corp. rose to 1.1 percent to $ 77, 27 and Walt Disney Co. rose 0.9 percent to USD37, 69. Both companies are Dow components.
"Market participants expect that the consumption sector is improving, and growing well so already generating profits," said Hennessy Funds portfolio manager Frank Ingarra, in Stamford, Connecticut.
At the close of trading on Wednesday (29/12/2010), the Dow Jones industrial rose 10.52 points, or 0.09 percent to 11586.06. The broader Standard & Poor's 500 index rose 1.34 points, or 0.11 percent to 1259.85. Likewise with the Nasdaq Composite Index rose 4.05 points, or 0.15 percent to 2666.93. (GoFinance)
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