Wednesday, March 30, 2011

::Dow Jones Cs Stronger sustained Rising Oil Prices>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) gained seconded energy sector stocks. Where the current price of crude oil has crossed U.S. $ 100 per barrel level and continue strong.

But the uncertainty of global conditions because of the conflict in Libya and Yemen as well as in Japan's nuclear crisis makes low trading volume recorded.

The trading volume was recorded 6.2 billion shares traded in the composite volume on the New York Stock Exchange, NYSE Amex and Nasdaq. Almost penetrate the lowest level far below the estimated daily average of 8.47 billion last year.

Investors seem to wait and see the expansion of the Japanese earthquake and unrest in the Middle East. "I do not think many people know what to do. They were aware of bullish market conditions will be restrained condition of Japan, but until the disaster investors measurable certainly will not do anything," said Shawn Hackett, president of Hackett Advisors as quoted by Reuters in Boynton Beach, Florida.

"When the market does not know what to do, the index is likely to rise on low volume. Da when uncertainty is increasingly becoming, the trading volume will be high and investors will take action on sales," he added.

Stock-based crude oil industry experienced the highest increase since August 2008. PHLX Oil Services sector index rise 1.9 percent.

"As oil prices climbed on, momentum-based stock purchase of the oil industry will continue to happen. Before the oil back to under USD100 level down, you'll continue to see strong demand for shares of the oil sector," he continued.

Oil had traded near the highest price recently, with the support by the riots in Libya and in countries other oil-exporting countries in the Middle East. U.S. crude oil rose 0.8 percent to USD105 per barrel.

In trading Tuesday (03/29/2011), the Dow Jones industrial rose 81.13 points, or 0.67 percent to 12279.01. Standard & Poor's 500 index rose 9.25 points, or 0.71 percent, to 1319.44. And the Nasdaq rose 26.21 points, or 0.96 percent to 2756.89. (GoFinance)

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