U.S. stocks are in search of maximum

Dow Jones was very happy

In brief: US stock markets surge

The American economy has reminded us about Phoenix bird effect. Despite obvious overheating USA stock market is looking for new highs. Recessionary mood in Europe is not transferred to the New World. Grow, grow, and grow again, – said Ben Bernanke. U.S. stocks rose as Chinese manufacturing grew at the fastest pace in five years and Dubai World said it’s in talks to restructure less than half its debt, easing concern that the Middle East will revive a global crisis.

Caterpillar Inc. (CAT), the biggest maker of earthmoving equipment, added 1.6 percent while aluminum producer Alcoa Inc. (AA) climbed 1.2 percent following the survey of production in China. American International Group Inc. (AIG) surged 11 percent after reducing debt owed to the U.S. government by $25 billion.

Uncle Dow Jones should be very happy…

Ukranian Globalist
2009-12-01 18:42, Economics.

News on: , , , , , , , , , , , , ,

Post a comment