Go Finance Reporting in NEW YORK - Stock prices on Wall Street tend to move up in volatile trade on Thursday, thanks to technical factors. Despite uncertainty about the Greeks could deter investors to exit the market.
Dow Jones Industrial Average (DJI) rose 64.25 points, or 0.54 percent to 11961.52 position. The Standard & Poor's 500 (SPX) edged up 2.22 points, or 0.18 percent to a level of 1267.64. But the Nasdaq Composite Index (IXIC) fell 7.76 points, or 0.29 percent, to 2623.70.
Expiration of stock-index futures, single stock futures, options and stock index options in June, known as quadruple the enchanting thus creating tremendous volatility. As well as pushing the S & P 500 is more than one percent compared to the previous session that was recorded low.
Quoted by Reuters on Friday (06/17/2011), Greece remains one of the factors of negative investor sentiment, although experts say banks' exposure the United States (U.S.) for Greece's debt may be less than many market participants fear.
However, the market needs immediately respond to situations, such as the lack of an agreement to resolve the debt crisis of Greece that could hamper investor confidence.
'Headline today is Greek, and it will continue to happen until there is some clarity or confidence to get out of debt, "said Head NYSE Floor Operations for Meridian Equity Partners in New York, Jonathan Corpina.
However, losses incurred due to investors looking for value after the recent take action. Dow Jones also closed a volatile day with modest gains and the Nasdaq fell slightly more than one percent in afternoon trading. (GoFinance)
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