Go Finance report - The stock market is the United States (U.S.) back up over the weekend. Even the S & P 500 index reached its highest level since the collapse of Lehman Brothers in 2008, this index would also projected to remain in a strengthening trend until the end of the year.
With the positive market, the Nasdaq index also experienced reinforcement up to eight days in a row. The tech-heavy index also rose to 5.5 percent. Accordingly, Nasdaq is in the highest position since December 31, 2007 despite lower volumes.
Strengthening the industrial sector seems to lead them. Shares of General Electric (GE) rose more than three percent after raising the dividend for the second time this year. So the S & P index of industrial sector (GSPI) rose to 1.03 percent. Following on the previous trading day, the S & P 500 is above 1228, the index finally managed to strengthen.
"The index did meet some significant barriers so close up there, and it was a pretty good sign," said chief analyst at Jefferies & Co., Art Hogan, in Boston was quoted as saying by Reuters.
Previously, S & P 500 tried and failed to penetrate in April 1228 and then in early November. As a result, experienced a sharp decline in this index at the time.
At the close of trading on Friday (10/12/2010) local time, the Dow Jones industrial rose 40.26 points, or 0.35 percent, to 11410.32. Standard & Poor's 500 index rose 7.40 points, or 0.60 percent, to 1240.40. Likewise with the Nasdaq rose 20.87 points, or 0.80 percent to 2637.54.
The three major U.S. indices were also recorded an increase in this weekend. The Dow rose 0.2 percent, the S & P 500 rose 1.3 percent and the Nasdaq rose 1.8 percent. (GoFinance)
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