Wallstreet is Fantastic Enough to Open the Market on September

Wall Street has sweet opener. The market was opened with 255 rise points after the data of U.S. and China manufacturing give a signal of growth. Sense of fear in the stock on last August in the end is gone. It was because of the U.S. manufacturing has risen until 56.3 points, much higher than previous estimates of 53.2 points. So that, investors back to seek risk alternative investments. Reversely, asset prices which are people consider as the most secure such as government bonds, gold, and dollar is fall back.
The exit of investors from the assets of the fund - a safe haven asset to make risky investments with the Dow Jones industrial index surged 254.75 points (2.54%) to the level of 10269.47. The increase or rise was the highest since last July 7 and the Dow components asham closed higher. Industrial stock like General Electric, Caterpillar Inc. became the largest printer of profit in the Dow Jones group. Stock Index Nasdaq Technology is also increase quickly 62.81 points (2.97%) to 2176.84 and the S&P 500 index climbed 30.96 points (2.95%) to a level of 1080.29.
A pretty good report of manufacturing growth from U.S. and China pulled the issue gloomy house sales. Fo Institute of Supply Management said U.S. manufacturing activity rose in August to raise the investor confidence. It is different with the regional reports in recent weeks that indicate a backdown.
"The improvement of this manufacturing data gives us hope that the things happened in recent weeks is not bad as it seems," said Wahid Siddique, portfolio manager of Gabelli Equity Then, Inc.
Analysts warned that profits in recent weeks could have gone. The axistence of bad surprises from the workforce data report later Friday could lead investors re-sink Wall Street and left the shares.
"Good news from the manufacturing data provide comfort, but this will only happened till the next economic data," said Darell Krasnoff, manager of Bel Air Investment advisors.
Even yesterday's rise on Wednesday, the Dow Jones was 989 points below its highest level ever achieved in the 11,258 on April 26. Also almost a half, a decline or reduction of 451 points recorded in last August after the market was bombarded with bad economic data.
Asset that usually use to shelter such as gold, fell US$ 2.2% to SU$ 1,248.10 per troy ounce; U.S. government bonds for 10 years tenor price falls after yield rose 2.58% from 2.47%. These yields represent an interest rate benchmark for customer loans and business loans.
Shares of Burger Kings Holdings Inc., jumped to US$ 2.41 (14.7%) to US$ 18.86 because of the takeover report shares. Apple Inc. shares also rose from US$ 7.23 (3%) to US$ 250.33 after Steve Jobs as a chief executive announced new iPods. General Elctric rose US$ 0.53 U3, 7% become US$ 15.01, Eaten Corp also rose US$ 5.38 (7.7%) become US$ 74.86 per share. (source: tempointeraktif.com; translation: am)