Go Finance Reporting NEW YORK - The stock market is the United States (U.S.) moves to strengthen over the weekend in anticipation of U.S. economic data that appears.
Signs of economic improvement as indicated by economic data and strong earnings from companies that have pushed the stock price. Lack of common action to buy on the weekend to make a thin trading volume so that the index increase is also just a little bit of profit and number of shares decline ahead appoint reduced buying interest at the end of the week.
January employment data that indicate job creation is still weak but the unemployment rate down. It made many investors are unsure how to interpret the report.
The sector posted strong gains recently, such as energy, materials and industry showed signs of profit taking and investors turned to stocks of consumer and technology sectors.
"The market has moved more selective and rotation are important. Investors seemed unsure how to interpret the economic data that emerged," said chief market analyst at John Thomas Financial Wayne Kaufman as quoted by Reuters in New York.
At the close of trading on Friday (02/04/2011), the Dow Jones industrial rose 29.89 points, or 0.25 percent, to 12092.15. The broader Standard & Poor's 500 index rose 3.77 points, or 0.29 percent, to 1310.87. Furthermore, the Nasdaq Composite Index rose 15.42 points, or 0.56 percent to 2769.30 on.
For the week the Dow rose 2.3 percent, the S & P 500 rose 2.7 percent and the Nasdaq rose 3.1 percent. (GoFinance)
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