Go Finance report - Exchange on Wall Street recorded moving rally after the agreement of the extension of tax cuts that make investors become enthusiastic in connection with bond yields and regulatory reports on the existence of insider trading.
On average, the Dow Jones Industrial fell 3.03 points, or 0.03 percent, to 11359.16. The broader Standard & Poor's 500naik thin 0.63 points, or 0.05 percent to 1223.75. While the Nasdaq Composite Index rose 3.57 points, or 0.14 percent, to 2598.49.
S & P 500 Index reached its highest position for two years after the President of the United States (U.S.), Barack Obama made a deal with Republicans to renew the tax cuts in the era of the previous President Bush.
"Punch (bonds) today confusing. Interest rates may be enough to stop rising and moving equities rally on the track," said Miller Tabak equity strategy & Co. in New York, Peter Boockvar, quoted by Reuters on Wednesday (8 / 12 / 2010).
It also supported the anxiety of investors to news the U.S. Securities and Exchange Commission which has issued more than a dozen subpoenas in the investigation of insider trading on Wall Street, thus potentially undermining public confidence in the market.
"The market has had good movement. Investors are just a little nervous, we just have and look for all kinds of reasons to sell (shares)," said Angel Mata, managing director of equity trading at Stifel Nicolaus noted Capital Markets. (GoFinance)
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