Go Finance Reporting in NEW YORK - The stock market in the United States (U.S.) moves rallying on the issue of acquisitions in the telecommunications sector and signs of Japan's nuclear crisis began to be stabilized. Finally, the Dow Jones closed above 12,000 for the first time since the nuclear issue in Japan's huge earthquake and tsunami rolling.
In the U.S., AT & T Inc. said it would buy rival company, T-Mobile USA with a value of $ 39 billion. This acquisition will create the largest telecommunications companies in the U.S.. In addition, Charles Schwab Corp. said it will buy online brokerage OptionsXpress service provider $ 1 billion.
The existence of corporate acquisition step creates expectations that U.S. companies now running normally in accordance with its business and market players seemed to be more confident about economic recovery.
"You will only expand if you believe the future will be positive," said Avalon Partners chief economist Peter Cardillo, as quoted by Reuters.
In late trading on Monday (03/21/2011) local time, the Dow Jones rose 178.01 points, or 1.5 percent, to 12036.53. The index has climbed to 3.6 percent over the last three days, this is the biggest leap in a narrow range of time since September last year.
S & P 500 index rose 19.18 points, or 1.5 percent, to 1298.38. And the Nasdaq rose 48.42 points, or 1.8 percent, to 2692.09.
Shares of the energy sector also leads the market in gains after oil prices climbed back above USD103 per barrel. Schlumberger Ltd., a company engaged in oil and gas drilling services shares rose 4.4 percent to USD89, 73. While ConocoPhillips rose 2.9 percent to $ 77, 55.
Concerns about Japan's nuclear reactors hit subsided after the Nuclear Regulatory Commission said the situation at the Fukushima nuclear power plant seems to be stabilizing. Where the condition of three of the six reactors are still intact. (GoFinance)
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