Go Finance Reporting in NEW YORK - The positive earnings from a number of issuers to be positive sentiment that the stock market hit the United States (U.S.). In fact, the Dow Jones scoring record highs over the last three years.
Initially, investors have been blanketed by the negative sentiment. But, the financial statements of the shares of blue chip Intel Corp. and United Technologies Corp. trigger stock indexes reversed so that the stock market seemed excited.
S & P 500 finally came out of the flat movement for 20 days, and set near-term target in 1340. "Until yesterday, weak earnings is not too interesting, even disappointing," said a senior equity index analyst at MF Global Nick Kalivas, as quoted by Reuters in Chicago.
He said the latest round of financial reports to make psychology shifts significant market players. Intel shares rose 7.8 percent to USD21, 41 while United Tech climbed 4.3 percent to USD85, 90.
This report remains a positive sentiment to the market close. Apple Inc. rose 2.7 percent to USD351, 80. Revenue from Apple is up 83 percent. Then F5 Networks Inc. stock price also rose 11 percent to USD110, 39 after its first-quarter earnings above expectations and the company predicts earnings will grow again next quarter.
At the close of trading on Wednesday (04/20/2011) local time, the Dow Jones industrial rose 186.79 points, or 1.52 percent, to 12453.54. Standard & Poor's 500 index rose 17.74 points, or 1.35 percent to 1330.36. The Nasdaq Composite grew 57.54 points, or 2.10 percent to 2802.51.
The Nasdaq posted the biggest daily percentage gain since October while the Dow scored the highest since early June 2008. And the broad S & P 500 has the best performance in a month. (GoFinance)
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