Edward Culchenko
Stock exchange news. On Monday American shares increased by more than 3 percent, having continued last week’s growth. The expectation of Merkel-Sarkozy plan has caused the general optimism, as they have promised to take measures for the ease of Eurozone debt crisis; particularly, to create a project on bank refunding.
The increase of quotations has resulted into the first, since the end of July, time that S&P 500 index has overcome the line of a 50-day moving average. Currently, the index is 11 higher than last Tuesday’s minimum, when Wall Street entered “bear” market territory:
According to the Department of Portfolio Investments, Masterforex-V Academy, the index is mostly increasing due to financial sector. The shares of the largest banks demonstrate considerable growth: Bank of America – by 6.44%, Wells Fargo – by 6.47%. Citigroup and Morgan Stanley are the leaders of growth, with quotations that have increased by 7.55% and 7.37% accordingly.
Investors have also paid attention to industrial leaders due to oil, which is gaining in value. Thus, the shares of ConocoPhillips have increased by 4.34%, Chevron – by 4.02%, and Exxon Mobil – by 3.69%.
Amid record number of advance orders of new iPhone 4S, the shares of Apple were increasing during the entire trading session and have finally gained 5.14% when it was over.
Edward Culchenko
