Wall Street shares rise

Wall Street shares rise


Stocks-Wall Street stocks soar on Monday local time, after the return emiten home improvement supplies retailers Lowe `s better than expected to help strengthen the economic recovery hopes that recession hit, said the dealer.

Index stock blue-chip Dow Jones Industrial Average picked up 235.44 points, or 2.85 percent, to be 8504.08, as quoted from the AFP.

Nasdaq technology stock index increased 52.22 points, or 3.11 percent, to be 1732.36 and the index Standard & Poor `s 500 rose 26.83 points, or 3.04 percent, to be finished in 909.71.

After trading sideways move for most of the afternoon trading, shares record "impressive overall increase in the last hours of trade," said the analyst Briefing.com.

Action occurs after the market decline on Friday that moderate close a weekend of down nearly five percent, increase in the last eight consecutive weekends in the nine-index for the main Wall Street index.

Finance Minister Timothy Geithner to the U.S. increase Monday, saying, "something that clearly indicates stabilization" biggest economic slump since the recession in December 2007. However, he warned that a recovery would be "wavy" and "fragile" for a while. "

Market also triggered a positive momentum record 17 percent rally in Indian stock exchanges, supported by strong alliances victory of Congress party leaders in the general election, pushing back hopes economic reform in one of the strong Asian economy.

Calendar of main economic data loss until Tuesday, when the government reported housing market data for April and new home building permits up.

The report estimates that of the return of Lowe `s, home improvement retailers perlengakapan the second largest in the world, a recovery expectations, the analyst said.

Lowe `s shares rose 8.08 percent to 19.94 U.S. dollars after the net profit exceeded estimates kuartalannya market and publish guidelines about the rise, although consumer spending in the United States are weakening.

Home Depot shares rose 6.64 percent to 26.02 U.S. dollars in the midst of increasing Lowe `s. Sector leaders labanya reported before the market opened on Tuesday.

Dow component, ExxonMobil menguat 2.01 percent to 70.50 U.S. dollars, after the price of crude oil jumped 2.69 U.S. dollars per barrel in New York.

Bank of America jumped 9.93 percent to 11.73 U.S. dollars, after Goldman Sachs raised the ranking of largest U.S. bank based on savings, and recommend buying sahamnya.

AIG increased 6.40 percent to 1.83 U.S. dollars. Insurance ditalangi the government says this will speed up resistance to disengagement unit AIA, the largest life insurance in Asia, through a public records in the area.

Honeywell International rose 4.30 percent to 33.00 U.S. dollars, after confirming that konglomerasi multinational, perkebangan ordernua line with the guidelines.

Bond down. Unbalanced results (yield) of the U.S. bond measure 10-year increase to 3.211 percent from 3.123 percent on Friday, and on the state bond measure to U.S. 30-year increase to 4.176 percent from 4.083 percent. Bond prices and yield move in opposite directions each other.