Close: positive economic data, U.S. stocks closed higher this week

U.S. stocks closed slightly higher Friday, the week of calm to this end. Economic data released this week generally good, and promote the broader market rose slightly.

EST at 16:00 on December 10th, the Dow Jones industrial average rose 40.26 points to 11,410.32 points, or 0.35%; the Nasdaq composite index rose 20.87 points to 2,637.54 points, or 0.80%; the S & P 500 Index rose 7.40 points to 1,240.40 points, or 0.60%.

This week the Dow rose a total of 28.23 points, the Nasdaq rose 46.08 points, S & P 500 index rose 15.69 points.

This week the stock market abnormal smooth. Since last Friday (December 3) to Thursday, the Dow Change points for 5 consecutive trading days is less than 20 points since October 2006 is the longest period of time.

U.S. stocks rose slightly on Friday, partly because American consumers are more optimistic about the economic outlook, the United States in October exports rose to a new high of more than two years.

Commerce Department reported Friday, with October exports climbed to new highs the past two years, reduce the trade deficit with China, the U.S. October trade deficit unexpectedly fell sharply.

China's trade data also exceeded expectations. China's exports and imports in November were a record high, but the trade surplus from the 27.15 billion U.S. dollars in October fell to 229 billion U.S. dollars, 22.3 billion slightly higher than economists expected range of values.

However, the People's Bank of China said on Friday, due to increased inflationary pressures, will raise bank reserve ratio by 0.5 percentage points, this is the 6th year of the central bank to raise reserve ratio. This will reduce China's banking industry can provide the total amount of loans.


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