y the positive economic data and energy stocks boosted by strong performance, the three major New York Stock Exchange 31 index rose across the board.
On the New York stock market rose, while the energy sector rose significantly among the top, mainly due to the Exxon Mobil Corporation fourth-quarter results bright push. Exxon Mobil Corporation announced the same day last year, up sharply quarter profit increase of 53% for the third quarter of 2008, one of the best quarterly performance since. Before that, another energy giant Chevron announced the results of 28 better-than Wall Street expectations.
In addition, economic data released the same day also showed further signs of recovery the U.S. economy, and promote the New York stock market strength. First, the Commerce Department data showed U.S. consumer spending in December rose 0.7%, better than market expectations. Moreover, consumer spending in the fourth quarter of last year, the data is a record since the first quarter of 2006, the highest level.
Meanwhile, the U.S. Institute for Supply Management also announced the same day, January the Chicago purchasing managers index since July 1988 record high, giving investors a pleasant surprise.
Nevertheless, the market may be volatile situation in Egypt, the impact of the financial markets are still on the sidelines. Now, the impact of the New York Stock Exchange is not obvious.
New York stock markets closed, the Dow Jones 30 industrial average index rose 68.23 the previous trading day points to close at 11,891.93 points, or 0.58%. Standard & Poor's 500 index rose 9.78 points to close at 1286.12 points, or 0.77%. The Nasdaq composite index rose 13.19 points to close at 2700.08 points, or 0.49%.