Posts Tagged ‘Wall Street’
Stocks on Wall Street soars after U.S. closed Fed governor Bernanke’s speech that concluded there was no new stimulus is needed. But Bernanke also suggested the U.S. economy should rise in the second half.
The Dow Jones closed dashed 134.73 (1.21%) to as low as 11284.54. While the S & P 500 rose 17.53 points (1.51%) to a level of 1176.8, and the Nasdaq rose 60.22 points (2.49%) to a level of 2479.85.
“The market reaction of the speech was actually initially negative because there are no new policies to stimulate the economy. But market participants then focus on Fed governor predicted that economic growth will continue,” said analyst Scott Marcouiller, as quoted by AFP on Saturday (27 / 8 / 2011).
The stock market reacted to the plan Bernanke that the Fed will conduct a two-day meeting in September to discuss policies to stimulate the economy.
Shares of Bank of America continues to strengthen after the day before billionaire Warren Buffett announced his intention to invest U.S. $ 5 billion. In addition, Apple’s stock also rose 2.6% after being down after the announcement of the resignation of Steve Jobs as Apple’s inventor.
Stocks on Wall Street closed positive U.S. trade on Tuesday after the Fed released a policy will rescue the U.S. economy which is currently being ‘sick’.
In trading Tuesday (8/30/2011), the Dow Jones rose 20.7 points (0.18%) to as low as 11559.95. The S & P 500 rose 2.84 points (0.23%) to a level of 1212.92. Then the Nasdaq rose 14 points (0.55%) to a level of 2576.11.
Initially the shares on Wall Street decline await the outcome of the Fed meeting. But eventually rose after the announcement of the Fed.
Committee on the Fed had different opinions between the need for monetary policy leeway to help the U.S. economy. But there is also the opinion leniency policy would increase the risk of inflation.
Chief U.S. market strategist Marc Pado The Fed said that an important stimulus to revive the U.S. economy is disappointing.
“Those who have the opposite opinion does not agree with this action. But they are willing to act and the market wants to see their support,” Pado said as quoted by AFP on Wednesday (31/08/2011).
Currently the latest signal came about weak U.S. economy. A survey says consumer confidence fell in August to its lowest level in 2 years.
In stock trading yesterday, Boeing shares rose 2.2% after the aircraft manufacturer unveiled the latest version of the 737 series aircraft with fuel consumption more efficient.
Bank stocks fell after the emergence of a new issue for the completion of the impact of the sub prime mortgage crisis are worth billions of U.S. dollars.
The value of stocks on Wall Street fell to U.S. $ 1 trillion during this week, amid increasing fears of investors will re-emergence of world economy recession.
U.S. stock market plummeted this week was due to the growing memorial to the government in Europe and the U.S. to take action rescue the economy.
Operation Twist the Fed’s policy (long-term buybacks of U.S. $ 400 billion) were considered not optimal and an indication of the risk of a significant weakening of the U.S. economy is a negative sentiment world exchanges.
Banking sector are also reminded of the trigger would be a drop in the economy, and this could make the Dow Jones index fell 800 points.
Based on data from the Wildfire 5000, the largest in the U.S. stock indexes, the value of losses on Wall Street to reach U.S. $ 1 trillion in the week. This is the second worst week on Wall Street since October 2008 at which time the U.S. financial crisis.
But stocks on Wall Street stopped falling on Friday. This is due to the strong response from the finance ministers G20 members to restore the global economy.
The finance minister noted the risk of greater global economic downturn, the financial system remains fragile, and the persistence of the turmoil in financial markets, weak economic growth, and high levels But the market is still worried about the situation in Europe and the officials (G20) seems slow to act to restore it. Fear and uncertainty are the two most hated stock market, and it continued to dominate during this time,” said analyst Scott Marcouiller, as quoted by AFP, Saturday (9/24/2011).
Throughout this week, the Dow Jones fell 6.4% to as low as 10771.48, the S & P 500 down 6.5% level k 1.136.43, and the Nasdaq fell 5.3% to a level of 2483.23.
Many analysts say, the volatility of stock market movements will be even louder. The fate of the global stock market currently relies on policies to be taken by European and U.S. fiscal policy.
Market participants currently awaiting economic data, whether there will be a new recession or not.
Stocks on Wall Street’s red on trading Friday as investors are still in constant fear chaotic Greece would spread to Europe.
In addition, in the U.S. labor report also showed a very small improvement. Unemployment is still high due to slow economic growth.
In trading Friday (4/11/2011), the Dow Jones fell 61.23 points (0.51%) to the level of 11983.24. The Nasdaq fell 11.82 points (0.44%) to a level of 2686.15. and the S & P 500 lost 7.92 points (0.63%) to a level of 1253.23.
After two consecutive days earlier showed a solid performance, the stock indexes on Wall Street were under pressure yesterday on concern about the rapidly changing situation in the European debt crisis.
“Market participants Keven since the G20 meeting would not embarkation Theravada European financial support. Permutation G20 for 2 days failed to produce progress to establish a European financial stability facility,” said analyst Elizabeth Harrow as quoted by AFP on Saturday (11/05/2011).
U.S. jobless data was surprisingly dropped to 9% in October from a level of 9.1%.
Shares of major U.S. banks fell yesterday. Bank of America shares fell 6.1%, Morgan Stanley shares fell 1.4%, Goldman Sachs shares fell 2.5%, and JP Morgan Chase shares fell 1.2%.
Movement ‘occupy Wall Street’ in the U.S. spread to England, is now emerging movement ‘occupy the London Stock Exchange (LSX)’ which carried anti-capitalist activists. They have occupied the office of a large Swiss bank UBS is.
Movement in London is indeed inspired by the movement of Wall Street rally. The protesters in London are also camped outside the church of St. Paul in the heart of the district offices of financial firms, and in Finsbury Square close to the office of the big banks.
“When banks take our homes, then the bank properties should be taken also by the general public. This is the first wave of takeover movement of property companies hit by the global crisis,” said member Jack Holburn demonstrator was quoted as saying by AFP on Saturday (18/11/2011).
UBS said the party has taken action by deploying security forces to secure the buildings. “We are aware of the situation and take appropriate action,” he added.
London police said it had received a request to maintain the security of the UBS building at night. But no violence was done, the police simply monitor it.
Under English law, if there is a vacant building that could be entered without violence can be occupied. But the owner could take legal action to expel him.