Trigger Wall Street's Positive Moves

VIVAnews - Data home sales higher than expected and unemployment benefit claims fell encourage positive movement into the stock at the end of the transaction Thursday, January 17, 2013 when New York or Friday morning GMT.


Two positive economic data greeted investors, as quoted from page to Reuters, Friday, January 18, 2013, succeeded in pushing the Standard & Poor's 500 index hit its highest level in five years and three days in a row rose.

As is known, the number of Americans filing new claims for unemployment benefits fell in the last five years were recorded in the last week and the housing sector began to passionately last month to its highest level since June 2008.

The strength in the housing market and employment are key to sustainable economic growth and higher corporate profits, prompting investors chase stocks.

Besides these sentiments, buying also enlivened by the release of a number of the issuer's financial statements.

Noted, the Dow Jones industrial average rose 84.79 points, or 0.63 percent at 13596.02. The S & P 500 gained 8.31 points, or 0.56 percent, to 1480.94. The Nasdaq Composite Index rose 18.46 points, or 0.59 percent, at 3136.00.

Sources: http://bisnis.news.viva.co.id/news/read/383193