Fed Quantitative Easing Boosted Market &Nbsp; &Nbsp; Dow Rose Nearly 2% On Thursday.
As of 4:00 pm Eastern time,
Dow Jones industrial average
Up 219.71 points.
Gain
From 1.96% to 11434.84, the Nasdaq composite index rose 37.07 points, or 1.46%, to 2577.34 points; the standard & Poor's 500 index rose 23.09 points, or 1.93%, to 1221.05 points.
Quantitative easing
To boost the market, the Dow rose 219.71 points on Thursday.
Us macroeconomic data are better than expected.
Federal Reserve
A $600 billion stimulus package was introduced again. In addition, the European and American heavyweight earnings were positive, and several factors jointly pushed the US stock market to go higher on Thursday. The Dow rose sharply, eventually gaining 219.71 points, or 1.96%, setting a new high since the Lehman bankruptcy in September 08.
On the disk side, the public utilities and energy sectors are taking the lead, and the pharmaceutical sector is leading the way.
In terms of stocks, JP Morgan rose 5.51%, American Silver Rose 5.3%, Caterpillar rose 4.13%, Pfizer fell 1.19%, Wells Fargo increased 3.78%, PNC rose 3.46%, international paper rose 4.01%, Halliburton increased 3.66%, Chevron increased 2.95%, Exxon Mobil increased 2.07%, high pass 5.8%, Microsoft rose, Apple Rose, Google rose, and news group fell.
Stimulus plans and heavyweight earnings helped drive European stocks into activity. The pan European Dow Jones index closed at 270.83 on Thursday, or 1.62%, the highest level since April 2010.
In addition, the FTSE 100 index closed at 5862.79 points, or 1.98%, while the German DAX 30 index closed at 6734.69 points, or 1.77%, all hit a new high in two years.
On Thursday, the US dollar fell sharply, pushing oil prices up 1.80 US dollars to 86.49 US dollars per barrel, or 2.1%.
Quantitative easing pushed gold prices up 45.50 US dollars to 1383.1 US dollars per ounce, or 3.4%, a record high.
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Economic data
At 8:30 a.m. Eastern time, data released by the US Department of labor showed that in the week ending October 30th, the number of Americans claiming unemployment benefits for the first time was 457 thousand, higher than 445 thousand of economists generally expected.
A week ago, the figure was 434 thousand.
At 8:30 a.m. Eastern time, data released by the US Department of labor showed that the US non farm productivity increased by 1.9% in the third quarter, much better than the expected increase of 0.9%.
In the two quarter, the final value of the data fell by 1.8%.
Company news
The news said that before the IPO price was set at $26 per share to $29 per share, GM had disputes with the US Treasury on this issue.
The Treasury wants to make a price of $30 per share, so that the US government can recover the rescue funds, and the price is also approved by Obama.
After increasing cash flow and reducing debt, Warner plans to buy $4 billion in the second largest cable operators in the United States.
The company's net profit in the three quarter increased 34% from last year's US $268 million to US $360 million.
Zurich Financial Services Company's net profit in the three quarter decreased 22% from US $968 million in the same period last year to US $751 million, and its revenue dropped from US $24 billion 140 million to US $19 billion 310 million, a decrease of 20% over the same period last year.
Alcatel lucent in the three quarter reversed the loss of 182 million euros in the same period last year, achieving a net profit of 25 million euros ($35 million), and operating income increased 11% to 4 billion 70 million euros from 3 billion 690 million euros a year earlier.
Unilever's net profit rose 19% in the three quarter, up from 1 billion 50 million euros in the same period last year to 1 billion 250 million euros ($1 billion 750 million), and revenue grew 13.2% to 11 billion 500 million euros over the same period.
The company said that the euro's contribution to profit growth was about 8% in the current quarter, and its contribution to sales was about 10%.
Due to the growth of mobile data services revenue, the three quarter profit of German Telecom increased 7.9% to 1 billion 40 million euros (US $1 billion 450 million) over the same period last year, 959 million euros, and its revenue dropped 4.1% to 15 billion 600 million euros from 16 billion 260 million euros a year earlier.
Thanks to the strong sales volume of Adidas and Reebok and the accelerated development of emerging markets, German sporting goods manufacturers Adidas's net income increased 25% to 266 million euros from the same period of 213 million euros in the same period of 2009, and the business income of the quarter increased 10% over the same period last year.
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