2010年11月10日星期三

Close: G20 summit soon U.S. stocks ended higher

Beijing on November 11 morning news, U.S. stocks closed higher on Wednesday. U.S. initial claims for unemployment benefits last week dropped the news of the dollar exchange rate higher. The forthcoming G20 Summit, a more cautious market sentiment.

EDT at 16:00 on November 10th (Beijing time at 5:00 on November 11), the Dow Jones industrial average rose 9.76 points to close at 11,356.51 points, or 0.09%; the Nasdaq composite index rose 15.80 points, to close at 2,578.78 points, or 0.62%; Standard & Poor's 500 index rose 5.34 points to close at 1,218.74 points, or 0.44%.

Last week the government report showed inventories of crude oil and other fuels continued to decline, crude oil futures closing price approaching 88 dollars per barrel, two-year high, pushing energy sector generally rose. The strong performance of financial stocks. The worst is utilities, consumer staples and telecommunications sector.

Good morning's economic data. The Labor Department said initial claims for U.S. unemployment benefits last week dropped by 2.4 million, the total fell to 435,000, the lowest level since April 4. Four-week moving average of initial jobless claims also fell to as of September 13, 2008 the week - the Lehman Brothers the week in which time - the lowest value.

Published in the Federal Reserve will take measures to help the U.S. economy's statement a week after three weeks in the Dow suffered its biggest one-day drop since the day after Wednesday's initial jobless claims data, and another showed a much reduced U.S. trade deficit data that the U.S. economy seems to have improved the situation.

But investors still believe that some factors in China and Europe should be worried.

European stock markets ended lower on Wednesday. New York gold futures fell 0.8%, down to 1,400 U.S. dollars an ounce less, to close at $ 1,399.30 an ounce. Crude oil futures prices rose 1.3%, to close at $ 87.81 a barrel.

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