U.S. stocks ended higher Tuesday, but lower than the highest intraday point gain narrowed. Japan announced it would buy the European bond market, the news concerns the debt crisis of the euro zone slowed. A storm is approaching New York City, the first batch of companies reported mixed earnings reports, investors can not put a big bet on the market.
EDT at 16:00 on January 11 (Beijing time at 5:00 on January 12), the Dow Jones industrial average rose 34.36 points to close at 11,671.81 points, or 0.30%; the Nasdaq composite index rose 9.03 points, to close at 2,716.83 points, or 0.33%; Standard & Poor's 500 index rose 4.72 points to close at 1,274.47 points, or 0.37%.
Verizon Communications (VZ), AT & T (T) and other general decline in the Dow telecommunications stocks. Verizon Wireless previously announced that next month is expected to start selling the new version from iPhone 4 smart phone. This will end the 2007 Apple (AAPL) iPhone series phones since the launch of AT & T, the exclusive for this best-selling products to provide wireless network situation.
Dow component Sprint Nextel (S) fell. Analysts pointed out, Sprint Nextel losses, it will sell iPhone because of two major competitors to become victims.
U.S. stocks opened higher this morning, but rose in the afternoon and once narrowed down turn. Some market traders said the gains were narrowed because of a snowstorm is approaching, investors are afraid to cast a big bet on the market.
U.S. stocks opened higher on Tuesday, one of the reasons is the second consecutive day as the European Central Bank to take measures in financial pressure on the euro area to buy government-issued bonds, so investors and be inspired. Meanwhile, Japanese Finance Minister Ye Tian Jiayan (Yoshihiko Noda), said the Japanese government will be the first to buy the European Financial Stability Plan (EFSF) issued debt, and purchases of more than 20% of the total issued EFSF. Prior to the statement made in Japan, China has also announced the purchase of 4 to 5 billion euros Portugal bonds.