Wall Street re-print the best daily increases in the last two months over the release of the company's financial statements are fairly bright. A number of financial reports sufficient to convince such as Motorola Inc., which exceeded expectations, so its shares rose 3.5% and also Visa Inc.
Negative sentiment debt crisis Greeks also began to fade soon after the country reportedly reached an agreement granting the bailout. If an agreement is reached, investors feel more calm because it means the debt crisis would not spread to other European countries.
'Still a battle that caused the market into negative territory on worries about debt problems of Europe. But this time, the story of a strong U.S. corporate fundamentals are still winning the battle, "said Craig Peckham, an analyst with Jefferies & Company as quoted from Reuters, Friday (30 / 4 / 2010).
In trading Thursday (29/04/2010), the Dow Jones closed 122.05 points higher (1.10%) to the level of 11167.32. Standard & Poor's 500 also rose 15.42 points (1.29%) to the level of 1206.78 and Nasdaq rose 40.19 points (1.63%) to the level of 2511.92.
Shares of financial sector started to recover, the Bank of America shares rose 2.9% was recorded, KBW bank index rose 2.4%.
Meanwhile, the Nasdaq lifted by Palm Inc. shares surge up to 26% after Hewlett-Packard Co. agreed to buy a smart phone manufacturer was valued at U.S. $ 1.2 million. Instead HP shares fell 0.8%. The positive sentiment came from the initial claims of unemployment is lower than in previous weeks, although lower than analyst expectations.
Trading of shares in the transaction dengna walk flamboyant New York Stock Exchange reached 10.67 billion, above average last year reached 9.65 billion.
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