Go Finance Report - Market shares of the United States (U.S.) moves to strengthen due to the positive sentiment coming from the merger of action and stability of the economy that will strengthen investor optimism the economy next year.
S & P 500 looks close higher to its highest position since before the collapse of Lehman Brothers in September 2008. This index also had a chance to touch 1255.08 points position.
The financial sector led the reinforcement is observed. This sector continued this rally at the end of December in the U.S. financial sector performance moves to improve. KBW Bank Index jumped 1.9 percent.
The fund manager prefers to allocate cash in equity markets from the entrance to the current fixed income instruments.
"We've put our money in these risky instruments. And for some time now we think people will regret holding too much cash and take a position too conservative," said chief investment officer Bob Browne Northern Trust in Chicago, as quoted by Reuters.
Northern Trust, a fund manager who manages assets of USD657 billion, recently reduced their cash allocation and focus its investment on stock-based instruments and fixed income.
"If you take a view as a whole, namely the positive side and negative for short-term and long term, we think you will also transfer your investment into stock-based instruments," said Browne.
Adobe Systems Inc. stock price jumped to six percent to $ 30, 93 after providing an estimate is optimistic about its performance. While coal mining company Massey Energy Co. rose after the company announced the potential buyer of its products, Massey stock price rose 1.2 percent to USD52, 45.
At the close of trading on Tuesday (12/21/2010), the Dow Jones industrial rose 55.03 points, or 0.48 percent to 11533.16. The broader Standard & Poor's 500 index rose 7.52 points, or 0.60 percent, to 1254.60. Likewise with the Nasdaq Composite Index rose 18.05 points, or 0.68 percent, to 2667.61. (GoFinance)
No comments:
Post a Comment