Road Index S & P New York Stock Exchange more than two-year high again

Overall positive U.S. economic data and Federal Express is expected to increase full-year results and other news of the boost, 16 New York stock market rose steadily, by the close, the three major indexes rose across the board, while the Dow Jones index and S & P index in two years again Multi closing high.

On the New York stock market opened slightly higher, mainly due to the job market and further encouraged by signs of recovery. U.S. Labor Department data released last week, the United States the number of initial claims fell 3,000, seasonally adjusted total fell to 420,000, in line with Wall Street expectations. Moreover, the number of initial claims for unemployment benefits fell to 42.275 million people around the moving average for early August 2008 the lowest level since that business is gradually slowing the pace of layoffs.
In addition, U.S. trade data are released the same day to give the market momentum of economic recovery enhanced information. According to the U.S. Commerce Department's report, due to the significant growth of imports in the third quarter, the U.S. current account deficit rose by 3.2% to 127.2 billion U.S. dollars, which to some extent reflects the consumption power of the United States has increased.

In contrast, released the same day is more weak housing market data, not only the number of housing starts grew at less than market expectations, the situation may be indicative of future new house construction building permits also declined in number, indicating that the recovery of the housing market continues to face difficulties.

Afternoon, the New York Stock Exchange continued to rise steadily, mainly due to Federal Express is expected to boost the company raised full-year results of the collective strength of industrial stocks. Since FedEx is usually the market performance of the overall economic situation as a benchmark, so the market has played a more supporting role.

New York stock markets closed, the Dow Jones 30 industrial stock index rose more than 41.78 points the previous trading day to close at 11,499.25 points, or 0.36%. Standard & Poor's 500 index rose 7.64 points to close at 1242.87 points, or 0.62%. The Nasdaq composite index rose 20.09 points to close at 2637.31 points, or 0.77%.

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