Wall Street indexes kept going on the green line. In fact, the S & P closed reached a record high in history.
S & P reached 1.569.19, up 6.34 points and 0.41 percent. Dow Jones also climbed 14578.54, up 52.38 points. 3267.52 while the Nasdaq rose rose 11 points, or 0.34 percent.
“The market has reached its highest point, it is likely to rise again is a bit smaller,” said Head of Technical Strategy Mark Arberter reported by Reuters on Friday (29/03/2013)
The S & P has rallied for 13 weeks, and at the close yesterday, a record number. During the first quarter yesterday, the S & P has risen 10 percent, the Dow Jones 3.7 percent and the Nasdaq 3.2 percent.
Today, the market will be closed Friday to commemorate the glorious. In the weeks ahead, the continued settlement of the Cyprus problem will be the main focus.
“By chance, the placement of the stock is still a good investment because the economic fundamentals are still good. Though the case of Cyprus is still a chance his luck as yet unknown,” added the chief investment Rex Macey Wilmington Trust.
Although global equity markets fell and the euro slipped to its lowest level in two months, but the stock market the United States (U.S.) remains closed higher.
The strengthening of the major indices in the U.S. market as strong manufacturing data in unexpected and positive consumer sentiment. U.S. government bonds also rallied and the dollar as worries about budget cuts and the Americans and the post-election political deadlock in Rome, Italy.
As reported by Reuters on Saturday (03/02/2013), the Institute for Supply Management is reporting, the index of factory activity rose to 54.2 from 53.1 in in January, topping economists’ forecasts are estimating this index will retreat to 52.5.
While economic data from Europe and China disappoint. Instead, there are clear signs of economic recovery in the United States and some evidence of the Japanese economy started to turn down.
In late trading Friday in New York, the Dow Jones industrial average closed up 35.17 points, or 0.25 percent, to 14089.66. The Standard & Poor’s index rose 3.52 points, or 0.23 percent, to 1518.20. Meanwhile, the Nasdaq Composite Index rose 9.55 points, or 0.30 percent, to 3169.74.