Go Finance Reporting in NEW YORK - Stocks rose seconded monitored commodity stocks rebound from the devastation of last week. Thus diminish the doubts about what will sustain long-term market forces.
Last week, sales of large-scale material and oil stocks by investors push high-risk assets, where stocks ended down approximately one percent within a week.
"Commodity re-draw, can be good and bad. This is certainly good in which oil prices have pulled back because only one of the risks faced by consumers and the economy as a whole. But at the same time many of the benefits associated with commodity companies in the S & P prospects may be some sectors experienced a negative impact, "said chief market strategist, LPL Financial in Boston, Jeff Kleintop, quoted by Reuters on Tuesday (05/10/2011).
On average, the Dow Jones Industrial (DJI) rose 45.94 points, or 0.36 percent at 12684.68 position. The broader Standard & Poor's 500 (SPX) edged up 6.09 points, or 0.45 percent, to 1346.29. The Nasdaq Composite Index (IXIC) rose 15.69 points, or 0.55 percent to 2843.25.
On the other hand, he continued, in the future, investors could see increased volatility that may be moving cautiously and be alert. (GoFinance)
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