Monday, February 7, 2011

Rate cut is expected to push the Dow soaring 331 points.

<P>: Http://finance. Hearing, Fed rate cut is expected to push U.S. stocks rose </ P> <P> senior officials of the Federal Reserve will again cut interest rates hinted may allow the market to prepare a sense of optimism. .Tuesday, Wednesday, cum boost after U.S. stocks closed higher for a second day. .Financial stocks continue to lead the market rebound, the Dow surged 331 points, its biggest one day gain this year. .</ P> <P> all of the Dow's 30 component stocks rose, that previously suppressed by financial stocks leading gains. .Earlier, the reports that Citigroup received 7.5 billion U.S. dollars from the UAE capital injection and the acquisition of Bank of America rejected the proposal. .Citigroup shares closed up 6.5%. .</ P> <P> Association of America released a report of real estate transactions, sales of existing homes in October decreased by 1.2%, while housing supply has reached its highest level since 22 years. .Released before the Commerce Department's report showed that U.S. durable goods orders in October fell 0.4%, in line with market expectations. .The index for the third consecutive monthly decline. .</ P> <P> but these data do not bring negative impact on the market. .</ P> <P> the New York Mercantile Exchange crude oil futures for January delivery fell 3.68 dollars to close at $ 90.74 / barrel. .</ P> <P> Gold futures for December delivery tumbled $ 13.70 to settle at $ 800.30 / ounce, down nearly 2%. .</ P> <P> Dow Jones industrial average rose 331.01 points to 13,289.45 points, or 2.55%. .</ P> <P> Nasdaq Composite Index (market shares) rose 82.11 points to 2,662.91 points, or 3.18%. .</ P> <P> Standard & Poor's 500 index rose 40.79 points to 1,469.02 points, or 2.86%. .</ P> <P> the New York Stock Exchange volume of 1.3 billion shares; declining stocks and rising shares in a ratio of about 1:7. .</ P> <P> Nasdaq volume of 2.1 billion shares; declining stocks and rising shares in a ratio of about 2:3. .</ P>.

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