The strong GDP growth shot up US indexes
Wednesday, January 27th, 2010
For the last trading session this week in the United States began with strong increases for the three major indexes. The reason for this was the news that the U.S. economy grew by 5.7 percent over the last three months of 2009 This was the fastest growth rate since 2003. Investors welcomed the good financial results of Microsoft and Amazon. Before the start of trading today, it was clear that the profit of the software company has risen by 60% annually over the last quarter of 2009 to impressive 6.66 billion. Shortly after the online store Amazon announced that its net profit for the same quarter jumped by 71% to 384 million dollars. Shares of Microsoft became cheaper by 0.2 percent to 29.09 dollars on the New York Stock Exchange, while those of Amazon risen by 2% to 128.49 dollars on the stock exchange NASDAQ. The index of the 30 stock companies with the highest market capitalization in the U.S. Dow Jones Industrial Average rose by 1% to 10 222.41 points and a half hours after the beginning of the session. S & P 500 advanced by 0.9% to 1 094.31 points. Nasdaq Composite added 0.8% to 2 195.67 points. Optimism for stock and contribute the decision of the U.S. Congress to give the second term of Ben Bernanke to head the central bank of the largest world economy. This ended the uncertainty that hovers over financial markets in recent days.
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