Go Finance Reporting NEW YORK - The stock market is the United States (U.S.) close higher led by technology and commodities sectors. Even the S & P 500 closed at its highest level during the last 29 months.
The stock market seems to react to the Fed's statement that says high unemployment is a proof of purchase of bonds worth $ 600 billion was needed.
While strong earnings continue to support the strengthening of the stock market. Fastest moving technology sector with a high producer of network equipment company Juniper Networks, which recorded profits beyond expectations. Its shares rose 6.4 percent to USD37, 05.
"The market seems to have come back into focus.'s Economy and a brilliant return to investors back into the market. Technology sector is leading sectors in the market and its performance affects the whole market," explained said the chief investment officer at Harris Private Bank in Chicago Jack Ablin, as quoted by Reuters .
On the other hand, commodity stocks got a boost after Allegheny Technologies Inc. forecast strong sales in 2011, coupled with a higher base price for the metal. Its share price rose 11.8 percent to USD65, 29.
At the close of trading on Wednesday (26/01/2011), Dow Jones Industrial edged up 8.25 points, or 0.07 percent ending at 11,985.44. The broader Standard & Poor's 500 rose 5.45 points, or 0.42 percent, to 1296.63. Likewise with the Nasdaq Composite Index rose 20.25 points, or 0.74 percent to 2739.50. (GoFinance)
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