2010/12/27

New York Stock Exchange on the first day after Christmas to close base in flat plate

Since most investors are still not returned to the Christmas holiday market trading, 27 stocks traded on the New York extremely light, the three major stock indexes end flat plate to close at basic.
Christmas day is the first trading day after the holidays, according to the situation in previous years, because most investors are still on leave, and the major institutions will not be easy in the end of the year to make major adjustments to the portfolio, so the Christmas and New Year U.S. stocks a week turnover is usually low. Suffered the same day the blizzard hit the eastern United States, making the already thin market trading volume is more limited.
Morning when the interest rate announced by the Chinese once again the impact of the three major New York stock market index opened lower across the board. People's Bank of China announced over the weekend, the benchmark deposit and lending rates by 0.25 percentage point to curb domestic inflation. The timing of this announcement was a bit surprised investors in the market, so early pressure on the market, some investors worried that China take measures to continuously tighten liquidity in the market may be cooling its economy.
After midday, the New York stock market began a steady rise. On the one hand, the rise in financial stocks on the stock market has played a leading role; the other hand, some analysts have pointed out that the interest rate as the market situation in China in fact has long been expected, and the long term interest rates China's economy to its continued growth is good, so generally speaking not significant.
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day down 18.46 points to close at 11,555.03 points, down 0.16%. Standard & Poor's 500 index rose 0.77 points to close at 1257.54 points, or 0.06%. The Nasdaq composite index rose 1.67 points to close at 2667.27 points, or 0.06%.
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