New York (ap)--the stock market in a year completed its second best week, Europe's debt problems on Friday seems to be more close to a resolution.
For the fifth day, closed the longest winning streak 2 month and a half high. The dow Jones industrial average was up 75 points, finance minister cover Turner called for the meeting held in Poland, the European finance ministers to the Greek debt problem of a solution.
Standard &poor's 500 index finished this week the 5.4% increase. It is the broad market index since the first week of July the biggest increase.
The dow Jones industrial average stock price index rose 75.91 points, or 0.7%, to close at 11509.09. The dow Jones index rose by 186 points, the biggest gain a week on Thursday, after five years, the central bank said they would act together of unrestricted loans, $to support the European lenders.
S&p index rose 6.90 points, or 0.6%, to 1216.01. The nasdaq composite index rose 15.24, or 0.6%, to 2622.31.
S&p index of 10 companies type nine rise. Energy company fell 0.1%.
In Poland from the use of the euro countries met officials, discuss solutions to affect the region's long-term debt problem of brewing. The group says it will not wait until next month to decide whether the relief fund Greece qualification for the next round. Investors have been hoping that this problem will decide more quick.
BNY ConvergEx group's chief Anton nikon Roy, dealers say, traders mixed emotions. Some people picked up the stock, they think be underestimated, and others because of the focus on selling in Europe for a long time.
"Although we have for several days of lovers, people still believe that there is a very good chance, in Europe the credit crisis will lead to similar to the events of 2008," he said.
Rising stock markets this week, their first day five years since 7, the winning streak. Rose 4.7%, this week, but still month down 0.9%. Standard &poor's fell 0.2% in September.
In the enterprise news, blackberry maker in M otion company of fell 19% to $23.93, after a report income and income sharply. The company faces fierce competition from apple's iPhone and Google company Andr oid software mobile phone use. RIM has lost 59% of its value, this year. The company says, will cut its work in July, 10% of the population.
Netflix company over the past two days lost 26%, to $155.19, after the movie rental company come down the us users forecast. Online retailers site eBay rose 5%, to $33.69, after an analyst upgrades, because in its PayPal department are expected to grow the company. Diamonds, the popular food manufacturers secret popcorn, surged 12% to $87.30, its profits faster than expected.
Rising and the New York stock exchange of XiaDieGu josh. Higher than the average of the volume of 460 million shares.
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