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    Financial Stocks Rose &Nbsp; &Nbsp; Dow Rose 0.11% On Wednesday.

    2010/12/9 9:39:00 34

    Financial Sector Dow Jones Industrial Average Rose

    Under the expectation that the tax cuts may be postponed,

    Financial sector

    Generally rising.

    The US dollar rose for third consecutive days.

    Oil prices fell.


    As of 4:00 pm Eastern time,

    Dow Jones industrial average

    Up 12.87 points.

    Gain

    From 0.11% to 11372.03, the Nasdaq composite index rose 10.67 points, or 0.41%, to 2609.16 points; the standard & Poor's 500 index rose 4.47 points, or 0.37%, to 1228.22 points.


    There is widespread concern that China will announce a new round of interest rate hikes at the weekend and lower crude oil prices. Subsequently, official data show that last week there was an unexpected decline in crude oil storage, and crude oil prices expanded and the main contract closed at $88.28 a barrel.


    The New York Mercantile Exchange's main oil contract in January fell 41 cents to $88.28 a barrel, or 0.5%.


    The US dollar continued to rise, while the market worried that China could raise interest rates at the weekend to continue to suppress the trend of commodity prices, including gold. Tuesday's profit trading trend continued to Wednesday's market. Gold prices continued to decline under multiple factors, and the main gold contract fell to $1383.20 an ounce.


    European stock market insurance and financial sector generally rose, although the UK and Germany stock index fell, the European stock index closed up 0.39% on Wednesday.


    Senate Democratic leader Reed (Harry Reid) said on Wednesday that Obama and the Republican Party's legislative proposals to extend all Bush tax cuts will be dealt with quickly in the Senate.


    Richard Parsons, Citigroup chairman, said in an interview with CNBC on Wednesday that Citigroup was still too "staggered" and could not go bankrupt, even though the government had injected huge amounts of money to save the bank giant, and Congress has passed laws to regulate Citigroup like financial giants.


    The largest U.S. home decoration retailer, the company, said Wednesday that its profit in the next fiscal year will grow by 11% to 13%, while the company slightly raised its profit forecast for the year.


    Morgan MS announced on Wednesday that the sale of China International Capital Corporation (CICC) to an investment consortium has been approved by regulators.


    Although there is no important data released on Wednesday, a number of important data will be released in the remaining weeks of this week, which will be highly concerned by investors.

    According to the plan, the number of initial jobless claims and wholesale inventory data released last week will be released on Thursday, and consumer confidence data will be released on Friday.


    TI announced on Tuesday evening narrowing its profit and revenue forecast for the fourth quarter of the current fiscal year.

    According to TI's latest estimate, the company's current quarterly earnings per share will range from 61 cents to 65 cents, while the median value is in line with the average forecast of Wall Street analysts.

    In addition, as McDonald's Corp is about to announce the sales data of November, the trend of the company's stock will be concerned by investors.

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