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Positive Financial Statements, Wall Street Jumped High

wall-street-jumpedWall Street stocks jumped on Thursday (22/10) local time triggered the majority of positive third-quarter corporate earnings, which helped increase the market over the shock of new claims for unemployment benefits.

Dow Jones Industrial Average rose 131.95 points (1.33 percent) to close at 10,081.31, “rebound” from losses in the previous session.

The Nasdaq composite index rose 14.56 points (0.68 percent) to 2165.29 and the broad market index Standard & Poor’s 500 added 11.51 points (1.06 percent) to 1092.91.

Flick a weak market started in early trading as investors weighed data showing new unemployment claims rose again after falling for two weeks.

But the stock quickly rising as more companies reported earnings better than expected. “Today’s report reaffirms earnings flowing our belief that third-quarter earnings will be good and in many cases even better than expected after
considering that the estimates for the third quarter is more aggressive than before, largely due to reported earnings for the second quarter, “said Gregory Drahuschak of Janney Montgomery Scott LLC. (more…)

Crude Oil Falls to USD79

oil-priceNEW YORK – Crude oil prices could penetrate the highest levels above $ 80 a barrel in trading Tuesday (20/10/2009). However, during the closing trading price of black gold thin corrected because the dollar strengthened. Strengthening oil prices that had occurred, triggered by reports of positive corporate performance.

As quoted from Assosiated Press, Wednesday (21/10/2009), price of oil could penetrate the $ 80 rate, 05 per barrel, but later fell 0.52 U.S. cents to as low as USD79, 09 per barrel for the November contract on the New York Mercantile trading Exchange (NYMEX).

Meanwhile, in London, the price of Brent oil fell 53 cents to $ 77 U.S. dollars, 24 per barrel on the ICE Futures. The increase is triggered by a positive going performance results Apple Inc. and Texas Instruments Inc. for third-quarter 2009.

But the dollar rose against other world currencies, so the impact on commodity prices including oil prices. If the weak U.S. dollar, the more it will invite investors to transact, whereas if a strong U.S. dollar will make the investors back.