2010年12月14日星期二

Close: Fed Statement stocks closed higher in line with expectations

U.S. stocks finished lower on Tuesday, closing slightly higher, but moved away from the intraday high. The Fed reiterated that it will execute bonds to buy 600 billion U.S. dollars plan to help the economy and stimulate job growth.
EST at 16:00 on December 14th (Beijing time at 5:00 on December 15), the Dow Jones industrial average rose 48.06 points to close at 11,476.62 points, or 0.42%; the Nasdaq composite index rose 2.81 points, to close at 2,627.72 points, or 0.11%; Standard & Poor's 500 index rose 1.12 points to close at 1,241.58 points, or 0.09%.
In a statement released before the Federal Reserve, including the better-than-expected November retail sales report, including some of the positive economic data has pushed U.S. stocks to rise. In a statement released after the Federal Reserve, U.S. stocks continue to maintain the highest level today. Near the weaker financial stocks before the close, resulting in gains were narrowed.
Federal Reserve Chairman Ben - Bernanke (Ben Bernanke) and the other Fed members the last year, the Fed held its regular meeting, a statement issued after the Fed's current policy has not changed.
Economic data side, the Commerce Department reported Tuesday, the United States in November retail sales rose 0.8%, economists had expected a growth of 0.5%. Automobile and auto parts retail sales in October rose by 5.6% in 0.8% decline in November. Excluding autos, retail sales rose 1.2% in November, economists had expected a growth of 0.7%.
A separate data by energy and food costs led the U.S. producer price index last month (PPI) rose more than expected, but the rate of inflation is still moderate internal wholesalers.
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