Wall street saw the happiest day for one of its indices S&P which pushed it to 5 year’s high. Investors were cheering the news on economic data from the second biggest economy in the world china which supported their view of improving global economy. ECB’s president also gave much needed assurance to bulls that blistered European economy would bounce back later in 2013.
The S&P 500 closed at five years high at 1472 level with a gain of 0.75% where gains were led by financial were leading the gain among its 10 major groups. Dow jones also pushed 80 points to the upside and closed at 13,471 with gain of 0.60%. Nasdaq also ended up with gain of 0.52% or 16 points closing at 3,122 where volume was 4 billion shares.
Among stock Microsoft was favored by bears on Thursday after it received downgrade from Morgan Stanley and fell 0.9%. Apple shares retreated and gained 1.2% as rumors have started emerging that second trip by company’s CEO in China is bringing deal more closer between china mobile and apple.
Key numbers
Pivot 1443
1525** Fibonacci projection
1495** Fibonacci projection
1478** Fibonacci projection
1468 Last
1443***Pivot point for Intraday
1423* Support for Intraday
1403**Support Intraday
DISCLOSURE & DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
by Naeem Aslam
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S&P 500 Closed At 5 Years High
Published 01/11/2013, 04:40 AM
Updated 02/02/2022, 05:40 AM
S&P 500 Closed At 5 Years High
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