2010/12/9

U.S. stock indexes ended higher across the board general increase in financial stocks

December 8 the U.S. stock market closed slightly higher on financial stocks to boost the market higher. As Monday's close, the Dow Jones industrial average closed at 11,372.48 points, up 13.32 points, or 0.12%; the Nasdaq composite index was at 2609.16 points, up 10.67 points, or 0.41%; Standard & Poor's 500 Index closed at 1228.28 points, up 4.53 points, or 0.37%.
Point of view from the disk, Bank of America, Morgan Stanley, Wells Fargo Bank rose more than 3%, JP Morgan Chase, Goldman Sachs, of New York Mellon rose more than 2%, AIG contrarian or 3.94%, reported that the U.S. Treasury Department will sold in the first half of 2010, AIG shares. Consumer stocks under pressure, McDonald's, Starbucks closing down.
Message level, the U.S. Mortgage Bankers Association reported Wednesday that mortgage applications last week fell because of rising interest rates caused mortgage refinancing activity for the fourth consecutive week of decline.



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