Greece Intends To Cancel The Referendum, New York Stock Index Continues To Rise

2011/11/4 9:55:00 8

Due to favorable economic data and Greece's announcement of the intention to cancel the referendum, the three major stock indexes of the New York stock market continued to rise on the 3 day, with the Dow rose more than 200 points and the NASDAQ rose by more than 2%.

On the European debt crisis, Greece announced its decision to cancel a referendum on the EU rescue plan.

Investment

Fears of uncertainty over Greece's debt problems eased.

In terms of economic data, the data released by the US Department of labor showed that the number of Americans claiming unemployment benefits decreased by 9000 to 397 thousand last week, the first time it was less than 400 thousand in the near future.

The 400 thousand person level is considered to be an important indicator of economic recession.

Investors are also looking forward to the October non farm employment report released in 4.

In addition, the European Central Bank announced on 3 that the benchmark interest rate will be reduced by 25.

basic point

To 1.25%, some investors believe that this move indicates that the euro zone economy will face considerable challenges at the end of this year and next year.

By the end of the New York stock market, the Dow Jones Industrial Average Index of 30 industrial stocks rose 208.43 points over the previous trading day, closing at 12044.47 points, or 1.76%.

Standard and poor's 500 kinds

The index rose 23.25 points to 1261.15 points, or 1.88%.

The Nasdaq composite index rose 57.99 points to 2697.97 points, or 2.20%.