U.S. stocks ended higher on Wednesday, all three major stock indexes hit multi-year intraday high. Bonds issued by the Government of Portugal and the success of some good news for the banking industry to promote the banking sector led the broader market. Situation the economy is the Fed Beige Book report that recovery in the job market situation is so optimistic investor sentiment.
EST at 16:00 on January 12, the Dow Jones industrial average rose 83.56 points to close at 11,755.44 points, or 0.72%; the Nasdaq composite index rose 20.50 points to close at 2,737.33 points, or 0.75%; the S & P 500 index rose 11.47 points to close at 1,285.95 points, or 0.90%.
Today, its highest intraday Dow rose to 11,782.23 points, at least two and a half high. S & P 500 index rose to its highest at 1,286.87 points, a new high for the two and a half years. The Nasdaq rose to its highest at 2,736.32 points, the highest intraday point since three years.
Wells Fargo (WFC) recommend that investors buy shares of large U.S. banks, to promote the banking sector generally higher as the promoter. Banking sector analysts believe that there compensatory growth market.
U.S. stocks higher on Wednesday, driven by external market opened higher. Portugal successful auction bonds, eased market concerns about euro zone sovereign debt crisis of emotions.
Economic News, U.S. Treasury Secretary Timothy - Geithner (Timothy Geithner), said the Chinese yuan is undervalued and the reliance on exports and other issues need to be addressed. Geithner is a visit to the U.S. next week, Chinese President Hu Jintao made the remarks before.