The Fed and then a stimulus plan, the Dow gained nearly 200 points late.
Better than expected U.S. macroeconomic data and the re-introduction of the Federal Reserve yesterday to buy 600 billion U.S. dollars of stimulus to boost long-term debt market confidence, the United States on Thursday extended gains late in the three major stock indexes, the Dow rose 197.46 points, or 1.76%, the highest since Lehman has a new high.
Economic data
8:30 am EST, the U.S. Labor Department data show that as of October 30 in the week, the United States for the first time jobless claims to 457,000, higher than the 445,000 economists generally expected. The data in the previous week to 43.4 million.
8:30 am EST, the U.S. Labor Department data showed U.S. non-farm productivity in the third quarter of sequential growth of 1.9%, significantly better than economists expected in the ring was an increase of 0.9%. The final value of the data in the second quarter down 1.8% qoq.
Company news
Sources said the IPO price to $ 26 per share, defined as 29 dollars per share, before, GM has worked with the U.S. Treasury disagreement on this issue. Ministry of Finance hopes to achieve a share price 30 U.S. dollars to help the U.S. government to recover money, a price approved by Barack Obama.
Increasing cash flow and debt reduction, the nation's second-largest cable operator Time Warner, plans to buy back $ 4,000,000,000 shares. The company's third quarter net profit from last year's 268 million increasing 34% year on year to 3.6 billion.
Zurich Financial Services net profit for the third quarter of 968 million last year fell 22% to 751 million, revenue decreased from $ 24,140,000,000 to $ 19,310,000,000, an decrease of 20%.
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