New York (ap)-just in the last week, a bear market seems inevitable. Since then stocks over the past five days, four standard &poor's 500 index will increase by 8.7%.
The latest jumped after Monday, France and Germany leaders promised to solve the region at the end of a profound debt crisis.
The dow Jones industrial average index soared 330 points, since August 11, the biggest jump since the benefits. It has won 7.3%, over the past five days, bank of America rose 6.4%, while the dow Jones index of the 30 stocks.
Sharp company in the market economy has become more and more popular. In early August, began to enter a market is the fluctuation of the stage, as Europe's debt crisis intensified, and appeared another American fears of a recession. Last Tuesday, the standard &poor's 500 index trading below its peak in recent April's 20%. If closed or lower than this level, and meet the definition of a bear market.
Instead, standard &poor's started to rebound, continue to Monday. Or more widely, Only five strands of the s&p 500 stock index fell, 10 shares were up for each fell on the New York stock exchange.
In many of the recent days, a good part of the growth in the last minute of the trade. The dow Jones industrial average was up 100 points, in the last half an hour.
Analysts say, the sudden move is unlikely to quickly dispersing at any time.
"This may will continue to be a tumultuous time, as people job things and get some of us in the future of the title of the consciousness," said Brian Lazorishak, portfolio manager of the Wells in charlotte watts, a virginia-based company investment will be jpmorgan chase. "This volatility by others trying to get in the positive and negative news before the news. Dance"
"We can put our weapons, solve the problem a little better, and time limit detailed usually help Sansoterra, in Atlanta, Silvant capital management company's portfolio manager said:" Michael.
The dow Jones industrial average was up 330.06, or 3%, to close at 11433.18. This is the index since September 16 highest.
The s&p 500 stock index rose 39.43, or 3.4%, to 1194.89.
The nasdaq composite index rose 86.70 points, or 3.4%, to 2566.05.
German chancellor Angela merkel and French President nicolas sarkozy, said Sunday they will finish the end of comprehensive deal with debt crisis, including plans to ensure that European Banks have enough money. Investors have been worried, European leaders and not moving fast enough from the Greek government, including the default of radiation.
European markets, the euro rose against the dollar is strong. Investors also breathe a sigh of relief, troubled France-Belgian bank of the part of the nationalisation. Up to the need to be rescued, because it has a lot of debt heavy countries, such as Greece and Italy's government bonds.
European Banks are reluctant to lend money to each other, excessive bank will be in danger of the like. That prompted the European central bank last week, by 2013, to provide unlimited one-year loans Banks, to help them get credit.
Investors have been worried about, the Greek seriously impairs could lead to these Banks hold bonds sharply in the value of Greece, hurt their balance sheets. Bank of America also will be affected, if Greece to through a chaotic default, because their own Greek bonds and European Banks also have close relationship.
In the enterprise news, apple rose 5.1% to $388.81, after the report said, the first day for the new iPhone first order hits 10000. This phone on Friday.
Yahoo jumped 2.4%, to $15.84 report, founder jerry Yang, who can organize and private equity investors buy the company.
Sprint Nextel company shares fell 7.9% to $2.22, for any company in the s&p 500 stock index, standard &poor's, said the agency will review the credit ratings of splinter. Sprint said last week even spend more subsidies new iPhone sales, it would have to raise funds to build a high-speed data network.




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