U.S. Stock Market Mixed,USD Weaken

Stock Market News Today about the U.S. stock market trading has increased high points.From CNN News, The Dow Jones industrial average (Indu) was barely changed, nearly 2-1/2 hours into the session, after ending the previous session at its highest point . The S & P 500 index (SPX) slipped 2 points, or 0.1%. Stocks rose in early trading as investors welcomed a better-than-expected reading on consumer confidence and took in stride a report showing continued weakness in the housing market. Stocks have risen in six of last seven weeks as investors looked past worries about a global debt crisis and instead focused on signs of an economic recovery.Wall Street has strengthened due to the mining and energy sectors due to weak dollar, and investors chasing high beryield assets before the end of the quarter. Decrease in the dollar raises the price of oil so comodity including Exxon Mobil Corp. shares rose 1.1%. Walt Disney (DIS, Fortune 500), Travelers Companies (TRV, Fortune 500), DuPont (DD, Fortune 500) and Boeing (BA, Fortune 500). The Consumer Confidence index rose to 52.5 in March from 46.4 in February, according to a report from the Conference Board, released shortly after the start of trading. Economists expected the index to rise to 51.

This entry was posted on Tuesday, March 30th, 2010 at 16:30 and is filed under Stock Market, Wall Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.