Wall Street Strengthen,Dow Jones Up 45.50 points
Stock Market News Today about Exchange on Wall Street trading ended stronger today, Wall Street Exchange is driven by commodity-based stocks as oil reached $ 82 level per barrel.From CNN News,Pushing Wall Street the Dow to its highest point in a year-and-a-half, after a report showing a rise in consumer spending added to the batch about the strength of the economic recovery.Dow Jones rose 45.50 points, or 0.42% to a level 10,895.86; S & P 500 rose 6.63 points, or 0.57% to as low as 1,173.22, while the Nasdaq rose 9.2302 points or 0.39% to as low as 2,404.36. Stock gains were pretty broad based Monday, with 23 of 30 Dow components rising, led by Chevron (CVX, Fortune 500) and Exxon Mobil (XOM, Fortune 500). Energy and other dollar-traded commodity stocks rose, initially responding to a weaker greenback. However, the sector maintained its advance even as the dollar seesawed.
The euro has strengthened the global market and have gotten a lift over the last few trading sessions as worries about Greece defaulting on its debt have waned. Last week, the European Union and the International Monetary Fund (IMF) agreed to a loan package that Greece or other nations could access, should the need Arise.
Personal spending rose 0.3% in February, after rising 0.4% in January, the Commerce Department reported Monday. It was the fifth month in a row that spending rose. Results were in line with forecasts, according to a Briefing.com survey of Economists.
