us stocks rally to start 2012
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

U.S. stocks rally to start 2012

Arab Today, arab today

Arab Today, arab today U.S. stocks rally to start 2012

New York - Xinhua

The U.S. stocks rallied on Tuesday, the first trading day of 2012, as investors welcomed a batch of upbeat economic data. The Dow Jones industrial average gained 179.82 points, or 1.47 percent, to 12,397.38. The Standard & Poor's 500 was up 19.46 points, or 1.55 percent, to 1,277.06. The Nasdaq Composite Index rose 43.57 points, or 1.67 percent, to 2,648.72. With no more bad news coming from Europe, investors finally focused on the latest batch of data, showing the economic recovery was picking up speed in the world's largest economy. According to the Commerce Department, construction spending increased 1.2 percent in Nov. and reached the highest level since June 2010. The Institute for Supply Management said the U.S. manufacturing sector expanded at a swifter pace. The ISM PMI rose to 53.9 in Dec. from 52.7 in November, topping estimates of 53.2. Meanwhile, the minute of the Federal Reserve's monetary policy meeting in December showed that officials will begin disclosing more details about their interest rate forecasts, which was also positive to stocks. Adding to the cheer, data from China and India showed their manufacturing sectors were improving in the last month of 2011, easing concerns for a prominent economic slowdown in major developing countries. A report from HSBC showed the Purchasing Managers'Index in India rose to 54.2, the most in six months, from 51 in November, while in China, the index unexpectedly jumped from 49 to 50.3. Not only equities started the new year with big wins, commodities also shot up as investors start the new year with a fresh round of trading. Oil prices rose and surpassed 100 dollars a barrel on Tuesday as better-than-expected economic data spurred optimism of increased demand and geopolitical worry surrounding Iran raised concern about supply. Light, sweet crude for Feb. delivery rose 4.13 dollars, or 4.2 percent to settle at 102.96 dollars a barrel on the New York Mercantile Exchange. Gold futures rebounded from a weak Dec. and settled above 1,600 dollars an ounce after traded as high as 1,608.70 dollar an ounce.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks rally to start 2012 us stocks rally to start 2012

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks rally to start 2012 us stocks rally to start 2012

 



GMT 11:40 2018 Friday ,05 January

Zuckerberg makes 'fixing' Facebook a personal goal

GMT 01:05 2014 Thursday ,13 February

Flora

GMT 21:50 2017 Wednesday ,25 October

Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017

GMT 16:33 2017 Tuesday ,04 July

Hany Ramzy happy for positive reactions

GMT 20:11 2018 Wednesday ,05 December

EU wants INF Treaty 'preserved and fully implemented'

GMT 21:01 2018 Sunday ,25 November

Oil prices plummet amid U.S. drilling rigs down

GMT 13:01 2016 Sunday ,28 August

China's Top 500 Firms Report First Revenue Decline

GMT 04:46 2014 Thursday ,11 December

Taliban suicide blast kills 6 Afghan soldiers in Kabul

GMT 11:10 2018 Wednesday ,17 January

MP Hariri welcomes Sho
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday