Driven by the positive economic data, U.S. stocks rose slightly late Wednesday. Labor market data and services more than expected ISM index, investors see hope for improvement in labor market conditions, the financial sector so generally higher.
At 15:41 on January 5 EST, the Dow Jones industrial average rose 28.38 points to 11,719.56 points, or 0.24%; the Nasdaq composite index rose 19.11 points to 2,700.36 points, or 0.71%; the S & P 500 Index rose 5.80 points to 1,276.00 points, or 0.46%.
Dow component Walt Disney (DIS) rose 2.3%. After Goldman Sachs (GS) to include "certain to buy" list, citing the company's expected performance under the theme park sector will recover.
Financial sector led the broader market. Financial stocks were the Dow, Bank of America (BAC) rose 2.1%, JP Morgan Chase Bank (BAC) rose 1.3%, American Express (AXP) rose 2.6%.
Investment institutions Capitol Securities Management, chief economist Kent - Engelke (Kent Engelke) said, "a general rise in financial shares the main reason is that economic data released today saw job growth people, the hope of mortgage risk reduction. There Many financial stocks are still affected by the risk of mortgage loans, it is because the market is worried that some people will be resumed because the debt default of the property as loan collateral. "