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Wall Street continues gains to close in green as optimism persists...

Publish Date29/11/2012 09:30:14 PM

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Wall Street continues gains to close in green as optimism persists...

Since that the stock market opened till it closed we only saw its shares rise to close the day in green as optimism persisted along the day amid hopes than an agreement over the federal budget will be made as soon as possible while that the second reading for third quarter Gross Domestic Product, showing an expansion of 2.7%, slightly missing the estimate of 2.8%, compared to the prior reading of 2.0%.

Plus the country`s jobless claims report showed a drop in unemployment beneficiaries, missing the analyst`s estimates, while the Housing Sector showed a notable improvement as Pending Home Sales reached its highest since May, which might have had the positive effect on Wall Street.

Accordingly as of 16:02 pm New York time, The Dow Jones Industrial Index rose by 36.71 points or 0.28% to 13021.82 points, while S&P 500 increased by 6.03 points or 0.43% to 1415.97 points, whereas the Nasdaq Index rose by 20.25 points or 0.68% to 3012.03 points.

As for the Dollar Index, which measures the value of the U.S dollar against six other majors, including the Euro, Yen, and Pound Sterling, opened at 80.32 and retreated to trade around 80.18, and reached a high of 80.35 and low of 80.02.

Moreover, Gold price inched up slightly to trade around $1724.82 per ounce, after opening at $1722.52 per ounce, while Crude Oil prices have increased and trading around $88.35 per barrel, after opening at $86.67 per barrel.

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