Newstovote - Stocks finished with modest gains in trading Monday on the New York Stock Exchange, United States. This condition is influenced by investors who are still reluctant to take the step after Wall Street rallied in the last four weeks amid uncertainty in projections of tightening enforcement of the Federal Reserve's monetary stimulus.
As reported by CNBC, Tuesday, November 5, 2013, the Dow Jones Industrial Average rose 23.57 points to end at 15639.12 level and supported by Merck Exxonmobol stock. Dow transport sector reached a record high for the Dow rising.
Meanwhile, the S & P 500 rose 2.9 points and closed at 1767.93. While the Nasdaq composite index rose 14.55 points to close at 3936.59.
All key S & P sectors closed in positive territory, led by energy and telecom stocks.Last week, the Fed's monetary committee noted an increase in economic activity and labor market conditions. But the central bank decided to wait for more evidence that the progress will continue to set the pace of asset purchases before each monthly.
The central bank is not expected to begin to tighten stimulus until 2014, due to the latest economic data and the latest political impasse related government spending.
Investors also will seek further instructions from the government's monthly performance report . Economists expect to see 125,000 new recruits. According to economist unemployment rate has risen to 7.3 percent from 7.2 percent.
Fed President St, Louis James Bullard, said that the central bank's stimulus program funds U.S. $ 85 billion per month for the purchase of bonds to be pulled.
" That's a very reasonable thing to do to replace the fact that you can not cut interest rates further, " said Bullard.
0 Comments
