Market Confidence Has Risen &Nbsp; Dow Rose 1.18% On Wednesday.

As of 4:00 pm Eastern time,

Some companies reported favorable earnings and continued weakening of the US dollar exchange rate. Investors' confidence in the US economic recovery was enhanced. The Fed's brown leather book showed a slow growth in the US economy. On Wednesday, the US stock market went higher and higher, and the Dow rose 129.35 points, or up 1.18%, almost yesterday's decline.

On the disk side, the raw materials and energy sector led.

In terms of stocks, Boeing rose 3.35%, DuPont rose 2.39%, Katbe Le 2.25%, Bank of America dropped 0.42%, Apple Rose 0.34%, verrison rose 1.49%, Morgan Stanley fell 0.04%, Wells Fargo Bank rose 4.28%, BlackRock Bank fell 2.93%, Delta Airlines climbed 10.85%, American Airlines increased 12.58%, Us Airways Group rose, and joint technology rose, YAHOO rose, eBay rose, Seagate fell, AT&T rose, BHP Billiton rose.

After Peugeot Citroen and German BASF raised their profit forecasts and details of the UK's announcement of the fiscal reduction plan, important stocks pushed the European stock market up and down, and the pan European Dow Jones index closed at 266.13 on Wednesday, or 0.34%.

The US crude oil storage growth was much lower than expected. Oil prices rose 2.28 US dollars to 81.77 US dollars per barrel, or 2.9%, on Wednesday.

The dollar's resumption of decline pushed gold up 8.20 US dollars to 1344.20 US dollars per ounce, or 0.6%, and the main contract rose to $1347 an ounce.

Economic data

At 10:30 a.m. Eastern time, data released by the US energy information administration showed that crude oil inventories increased by 700 thousand barrels last week, far below the 2 million 200 thousand barrels widely expected by economists.

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Company news

BlackRock reported that, thanks to the improvement of macroeconomic conditions and the increasingly active capital market, the company's net profit in the three quarter was $551 million, much higher than the 317 million US dollars in the same period last year, and its operating income was 2 billion 90 million US dollars, up 84% from the same period last year, far exceeding expectations.

Wells Fargo's net profit in the three quarter increased from US $3 billion 240 million last year to US $3 billion 340 million, and its revenue dropped to US $20 billion 870 million from US $22 billion 470 million in the same period last year, slightly below the 20 billion 980 million US dollars expected by analysts.

Due to increased exploration activities in Western Australia, BHP Billiton announced Wednesday that its iron ore output increased to 32 million tonnes in the first quarter, up 6% from 30 million 100 thousand tons a year ago.

The company plans to increase the annual output of iron ore by two times to 2.4 billion tons by 2013 to meet the growing demand in the Chinese market.

YAHOO expects to exclude revenue from affiliate sites on Wednesday. The company's revenue in the fourth quarter will be between $1 billion 130 million and $1 billion 230 million, failing to reach US $1 billion 250 million expected by market analysts.

Morgan Stanley's three - quarter net profit of $313 million was down sharply from $936 million in the same period last year, and $6 billion 800 million in the three quarter was also far below the $8 billion 500 million of the same period last year.

Abbott's net profit in the three quarter was US $891 million, less than US $1 billion 480 million in the same period last year, and US $8 billion 680 million in the quarter, up 12% from the same period in 2009, which basically accorded with analysts' average expectation of 8 billion 830 million US dollars.

The second largest European automaker, Peugeot Citroen, grew by 10.3% to 12 billion 990 million euros ($17 billion 880 million) in the three quarter, up from 11 billion 780 million euros in the same period last year, while analysts forecast a value of 12 billion 540 million euros.

In the first nine months of this year, the company's European market share increased by 0.6% to 13.5%, and at the same time raised its 2010 operating profit forecast.