Monday, March 11, 2013

The New York Stock Exchange Current Trend

While some experts feared the downward effect of New York Stock Exchange might have lead to short-term maturity of U.S. budgetary and fiscal measures, the New York Stock Exchange seems - for now - to ignore such considerations. Better yet, the Dow Jones, its flagship index posted its fifth consecutive day in a record close, rising 0.35%, or 50.22 points, to 14 447.29 points, the Nasdaq gaining for its part 0.26%, or 8.50 points to 3252.87 points, which is something that had not seen since November 7, 2000. The broader index of Standard & Poor's 500 meanwhile rose 0.32%, or 5.04 points to 1556.22 points, grazing near its highest closing level (1565.15 points) taken October 9 2007. Reasons for this surge: the Friday announcement of a lower U.S. jobless rate to 7.7% in February. A new boom is even possible if you believe some analysts saying the recent passing of a new record for the S & P 500 would be a very positive psychological effect on brokers and investors, this index is considered by many them as the benchmark. Currently, the markets do not seem to expect a decline in the short term, although some experts are already predicting that such high levels cannot be maintained for very long. In the end, the good performance of the stock market will give some surprise, especially such a flight can be maintain until any changes in the global atmosphere. In contrast, industrial production in China had its slowest pace since 2009 in the period January-February. In Europe, the political crisis in Italy is rather seen negatively by investors, who fear that a coalition government is formed not long before. Context compounded by the demotion of a notch on the rating of the country made Friday by Fitch. The U.S. budget deadline of March 27 is fast approaching, which could be synonymous with closure of non-essential services administration and fiscal cliff. Elected officials do in fact have a few days to complete a law funding covering the last six months of the current fiscal year. Recall that on March 1, came into force automatic cuts in spending from the federal government 85 billion over the next seven months.

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