Go Finance Reporting in NEW YORK - The Dow Jones had gained with the positive end of the quarter issuer's financial statements I. Where in fact investors are still worried about the weakening global economic growth and inflation is still threatening.
Top gainers of the Dow component is Coca-Cola Co. which rose 1.5 percent, Kraft Foods Inc. rose 1.7 percent and Merck & Co. rose 1.2 percent. Energy sector shares also moved higher after crude oil prices strengthened previously undergone more than one percent, so the price is above USD108 per barrel.
Indonesia's stock market has slumped lately because economists have lowered estimates of U.S. economic growth. A Reuters poll of a number of economists showed gross domestic product (GDP) in 2011 are expected to fall to 2.9 percent from 3.1 percent.
"With an estimated GDP continued to fall, investors seem to endure all. This is the best step," said Miller Tabak & Co. analyst Peter Boockvar, as quoted by Reuters in New York.
Meanwhile, Google Inc. has decreased the price to five percent to below USD550 after announcing its profit earnings plummeted.
In late trading Thursday (04/14/2011) local time, the Dow Jones industrial rose 14.16 points, or 0.12 percent to 12285.15. Standard & Poor's 500 index rose 0.11 points, or 0.01 percent, to 1314.52. And the Nasdaq fell 1.30 points, or 0.05 percent to 2760.22. (GoFinance)
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