NEW YORK – The Dow Jones had gained 26 points in early trading Monday local time last week, triggered sales during the Christmas holiday season and increase in commodity prices in the United States (U.S.) also encourages the strengthening of the number of shares of retail giant.
As quoted by Reuters on Tuesday (29/12/2009), the three major indices in Wall Street managed to close higher. However, trading volume tends to light.
Positive sentiment brought the Dow Jones index climbed 26.98 points, or 0.3 percent, to equal 10,547.08, this is the highest level since last October. Meanwhile, the S & P 500 gained 1.3 more points, equivalent to 0.1 percent 1127.78, and the Nasdaq index climbed 5.39 points, equivalent to 0.2 percent, to 2291.08.
Increase in sales during the holiday season, showed that consumers more confident of current economic conditions.
Based on data collected unit of MasterCard Advisors, SpendingPulse, sales rose to 3.6 percent. This figure reflects the activity traced Spending-Pulse in the MasterCard payments network and estimates of payments in other formats such as cash and payment via check. The figure outside of gasoline and car sales.
This increase triggered an increase of 15.5 percent in purchasing online and began restoration of luxury goods shopping and fashion women. While in the previous year, U.S. retailer recorded a sales decline in a significant, even recorded as the worst sales performance during the last decade due to the impact of global financial crisis.
Meanwhile, commodity prices rose as the weakening U.S. dollar and stocks trigger energy and materials sectors.
With the lack of a trader for the holiday season and with no negative sentiment, analysts predicted the index will continue to strengthen until the end of this year. Sales closed on Friday last week, funds will be returned is closed on Friday for the New Year holiday in 2010.
