Positive economic data boost stocks rise steadily in New York

By a series of positive economic data boost stocks rise steadily from 10 in New York, At the close, the three major indexes rose across the board, while the S & P and Nasdaq index closed more than two years and three years respectively, the highest level since .

Dish the day before, the Commerce Department said in a report, to benefit from strong growth in exports, the U.S. October trade deficit chain substantially reduced by 13%, a decline much greater than market expectations. In addition, U.S. import prices in November rose consecutive month, easing fears of deflation people. Some analysts said that a series of trade figures released the same day could push the market upward on the U.S. economic growth in the fourth quarter expectations, so the stock market has played a supporting role.

At the same time, China's trade data are encouraging. Import and Export of China in November were a record high, indicating that China's economic growth momentum remains very strong. In this case, even though China has once again raised the deposit reserve ratio of news to the market have some negative impact, but did not inhibit the rise in the stock market momentum. After the U.S. reported better than expected consumer confidence and further promote the major indexes higher. Reuters and the University of Michigan, jointly announced the data show that early in December consumer confidence index initial value is 74.2, is the best level since June. Even more gratifying is that a measure of current conditions index rose to a January 2008 the highest level since, showed that U.S. consumers more optimistic economic outlook.

Overall, the stock market this week is more stable. The Dow Jones index Monday to Thursday for four consecutive days of Change points were within 20 points. This compares with the S & P and Nasdaq index rose steadily, at Friday's closing price, respectively, in September 2008 and December 2007 the highest level since.

New York stock markets closed, the Dow Jones 30 industrial average index rose 40.26 the previous trading day points to close at 11,410.32 points, or 0.35%. Standard & Poor's 500 index rose 7.40 points to close at 1240.40 points, or 0.60%. The Nasdaq composite index rose 20.87 points to close at 2637.54 points, or 0.80%.

30 yr fixed mortgage rates

interest only loans

interest only loans rates

interest only mortgage rates

quantitative easing

china inflation

china inflation rate