Celebrate "Rebound" A year then, Wall Street Rising

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Celebrate "Rebound" A year then, Wall Street Rising

Wednesday, 10 March 2010 10:03

New York - U.S. Stocks Wall Street recorded a moderate increase in local time Tuesday (Wednesday morning GMT), amid cautious trading on the first anniversary of the beginning of the market "rebounds" (turned up) from the lowest position last year.
Dow Jones Industrial Average rose 11.86 points (0.11 percent) ended at 10,564.38 after closing on a flat note the day before in the absence of market pengggerak news.

The Nasdaq composite index increased 8.47 points (0.36 percent) to 2340.68 while the broad market index Standard & Poor `s 500 rose 1.94 points (0.17 percent) to 1140.44.

Investors to be careful because Wall Street marks the anniversary of the stock market 12-year low set on March 9, 2009, in the midst of the financial crisis originating from the fall of "home mortgage" in the U.S..

Since then, the blue-chip index Dow has risen more than 60 percent.

"We continue to believe that underlie today's market rally is still in place, but the decline of day-to-day is a normal part of the excitement market (bull) long term," said Frederic Dickson, chief market strategist at DA Davidson & Co..

"We expect investors to reduce equity exposure increased. This behavior is consistent with market psychology market expansion seen in the excitement."

Investors looking for stocks on the news Tuesday in the absence of market movers major economic data will be released early this week, analysts said.

"Prudence seems to hit the market as investors gave a pause after the stock rose in three of the last four weeks," said Patrick O'Hare, chief market analyst Briefing.com financial consultant based in Chicago.

"With nearly 70 percent return during the last 12 months in the S & P 500, investors may begin to feel a little wary," he said.

In between "Gainers" is the aerospace giant Boeing, rose 0.82 percent to 67.79 dollars, after his party was ready to win a 35 billion dollar contract to build a refueling tanker aircraft for the U.S. Air Force.

Northrop Grumman, which fell 0.25 percent to 64.00 dollars, and its partners in the European EADS announced after the market closed Monday that they will not submit a bid.

Northrop charged that Air Force requirements for tanker programs, published last month favored Boeing and insisted that the larger tankers greater capacity at a competitive price.

Energy giant Chevron is almost stable, down 0.46 percent to 74.30 dollars, after announced it would streamline the global refining and marketing activities to compete in market conditions "difficult", to cut 2000 jobs this year.

Rival, Exxon Mobil rose 0.45 percent to 66.78 dollars.

Cisco has not changed at 26.13 dollars after the computer networking equipment maker in the world's largest introduce a new generation of super-fast Internet routers, said they would "change" the Internet with the speed and capacity are increased.

Citigroup jumped 7.30 percent to 3.82 dollars after reporting that the government may be ready to sell 27 percent stake in a few months.

Various bond markets. Results in U.S. treasuries 10-year shrank to 3.701 percent from 3.708 percent Monday and the 30-year bond rose to 4.677 percent from 4.672 percent. Bond prices and the move in the opposite direction.