Friday, April 1, 2011

::The announcement ahead of Labor, the Dow Jones End in March 2011 with a weakened>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) weakened in the last trade in March 2011. This attenuation occurs before the announcement of employment data that will be the catalyst to push the index reached its highest level this year.

Having gained 5.4 percent in the first quarter, the S & P 500 still be near 1330 levels. The index has not been able to penetrate the psychological level although there is some momentum that pushed the rate of this index. Data revenue is expected to be positive sentiment and lifted the stock index further.

"The market is around this area before. Except for tomorrow's data is negative, the market will try out its highest level," said Wells Capital Management chief investment officer Jim Paulsen, as quoted by Reuters, in Minneapolis.

U.S. stock market looks strong through the first quarter, despite the Japanese earthquake that caused the nuclear crisis and a series of rebellions in North Africa and the Middle East.

Employment data to be released Friday will confirm investor optimism that a strong U.S. recovery to overcome these global problems. Preliminary data showed the U.S. Labor Department has grown to 190,000 new jobs in March.

The trading volume is still low, as many as 6.9 billion shares traded on the New York Stock Exchange, NYSE and Amex Nasdaq, below last year's estimated daily average of 8.47 billion.

At the close of trading on Thursday (03/31/2011) local time, the Dow Jones industrial fell 30.88 points, or 0.25 percent, to 12319.73. Standard & Poor's 500 fell 2.43 points, or 0.18 percent to 1325.83. And the Nasdaq edged up 4.28 points, or 0.15 percent to 2781.07.

For this month, the Dow edged up 0.76 percent, the S & P fell 0.1 percent and the Nasdaq fell 0.04 percent. While during the first quarter of 2011, the Dow rose 6.4 percent, compared with the S & P gain of 5.4 percent and the Nasdaq advancing about 4.8 percent. (GoFinance)

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