2011/1/4

New York Stock Exchange on the 4th high consolidation

According to the U.S. Commerce Department's report, in November U.S. factory orders increased 0.7% qoq, while the market had expected that this data is the slight decline.

In addition, many car retailers, announced the day of last year's sales. Data show that GM, Ford and Chrysler last year, the three major U.S. automakers sales have both been more marked improvement. However, last year the U.S. auto industry is still at the bottom for nearly 30 years, the total sales volume is only better than the badly hit by the economic crisis in 2009.

Commodity prices fell sharply the day, resulting in greater pressure on the stock market. Among them, gold futures fell more than 3%, the biggest one-day drop for the past six months.

After midday, the New York Stock Exchange's main index's decline has narrowed, largely because the Federal Reserve released the same day the last monetary policy meeting showed that Fed officials believe that the U.S. economy appears not enough to let some improvements bond purchase plan on making any adjustments.

New York stock markets closed, the Dow Jones average of 30 industrial stock price index rose 20.43 points the previous trading day to close at 11,691.18 points, or 0.18%. Standard & Poor's 500-stock index fell 1.69 points to close at 1270.20 points, down 0.13%. The Nasdaq composite index fell 10.27 points to close at 2681.25 points, down 0.38%.