18 U.S. stocks opened lower, mainly China announced to raise again the message of financial institutions deposit reserve ratio to the market caused some pressure. But this message will soon be absorbed by the market. As of the date of closing, the Dow Jones index closed at 12391.25 points, life and the highest closing level since June 5, 2008, or 0.59%; S & P 500 index closed at 1343 World Steel Pipe News .01 points, to the highest since June 17, 2008 The closing level, or 0.19%; Nasdaq composite index closed at 2833.95 points, or 0.08 percent to its highest closing level since October 31, 2007. From the weekly, the Dow Jones Industrial Average last week, the cumulative rise 0.96%; S & P 500 index closed up 1 percent, the Nasdaq index rose 0.9 percent. At this point, the U.S. stock market has been a continuous rise in three weeks.
tensions in the Middle East has yet to subside, but Wall Street still in a rising channel indomitable. On the 18th the three major indexes once again climbed to a new high stage, weekly for the third consecutive week of gains. At the same time, the the CBBC debate of the future trend of the U.S. stock market has grown. Some analysts believe that investors' enthusiasm for U.S. stocks is not devoid of stocks will begin a long-term bull market; and some analysts believe that by artificially stimulate the rally is just a bear market rebound.
European stock markets closed on the 18th, held steady near its highest level in 29 months, the pan-European FTSEurofirst index index closed slightly by 0.01 percent, at 1187.03 points last week, the index has gained 1.10%. However, some sources said that the market will be a correction. "Investors expect the ECB to raise rates sooner," said Standard & Poor's chief European strategist Robert Quinn "any rumors of an early rate hike will weigh on the market.
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from the data, the low of March 2009, the U.S. S & P 500 has doubled. David Rosenberg, chief analyst of the asset management company GluskinSheff that this wave is just a bear market rally. He said the U.S. economy and the stock market by the artificial stimulation of the "Fed, the Treasury, the White House and Congress, and many other remedial measure".
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21, the U.S. stock market will be closed for one day for the Presidents Day holiday, 22 days to resume normal trading. Soon to be released this week a number of economic data will also become an important factor to affect the stock market. Including the fourth quarter of 2010 gross domestic product data and a number of real estate data: 22 Standard & Poor's / Case-Shiller Home Price Index, home sales, 23 new home sales data for the 24th.
However, international oil prices on the 18th fell slightly World Pipe network informed, but continued tension in the Middle East as well as a lower dollar to provide support for the oil, so that it showed a lesser decline. To the closing, the New York Mercantile Exchange, light sweet crude for March delivery fell 0.2 percent, to close at $ 86.20 a barrel.
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Although the market is overbought lead to amendments to the growing concerns, but continued to investors to put this wave of rapid gains. "I've never seen such a market," said Paul Mendelsohn, chief investment strategist strategist at Windham Financial Services "from the point of view of all the technical and quantitative indicators, the market has reached its limit, but every day opening how buyers approach. "Over the past few weeks, the U.S. stock market continued to show the opened lower but closed up, was down because investors regard as a buying opportunity.
In addition, the escalation of tensions in the Middle East and increasing hedging demand for support, the New York Mercantile Exchange, gold futures prices on the 18th, the fifth consecutive day of gains. The day the gold market, the most actively traded April contract closed at $ 1,388.6 an ounce, up $ 3.5 from the previous day, or 0.25 percent.