Go Finance Reporting NEW YORK - Wall Street stock index could end the trip this week with a closed bullish. The trigger is a positive sentiment U.S. employment data.
The S & P, in trading on Friday (04/02/2011), closed in 1344 the position of the S & P in 2011, and is the highest since June 2008.
The Dow Jones had touched the level of 12,419.71, before the trade is closed. Then at the closing, the Dow Jones parked in the position of 12,376.72, up 56.99 points, or 0.46 percent. Nasdaq Composite Index grew 8.53 points, or 0.31 percent to 2789.60 position.
Throughout this week, the Dow Jones rose 1.3 percent, the S & P index increased 1.4 percent and the Nasdaq composite index grew 1.7 percent.
"I do not expect the market to stop at the highest position within one week ahead," said ING's Head of Asset Allocation in New York Paul Zemsky, quoted by Reuters on Saturday (04/02/2011).
U.S. Labor Department announced that unemployment rate reached its lowest point in two years in the position of 8.8 percent. "We get confirmation of the company continued to show strength. I think this will make the S & P in a higher position again," says Zemsky.
(GoFinance)
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