First, Martin Luther King Day this week, U.S. stocks closed for one day. After the opening bell Tuesday, the three indices that bullish factors in multiple supported by climbing higher and higher, has continued for seven weeks to continue to expand the amazing gains.
Around Europe and a new round of debt crisis began last week eased concerns about the other, the overall prospects for good corporate performance, coupled with rising commodity prices once again, these seem massive enough to make Wall Street investors to buy stocks. And Citigroup, and Apple CEO than-expected quarterly sickness such partial re-bad news, market fundamentals were ignored.
18 New York close, the Dow jumped 0.4% to 11,838 points, the highest since June 23, 2008 closing high since; Standard & Poor's 500 index rose 0.1% to 1295 points, the highest since August 28, 2008 has been the highest level. The Nasdaq rose 0.4% to a record November 6, 2007 the highest closing price since.
Analysts said the data released at about the Federal Reserve showed manufacturing activity in New York in January to further expansion, which further strengthened investor optimism for corporate performance.
Although the pace of "meek", but the recent wave of U.S. stock market is unusually strong calf. As of Friday, the S & P 500 index has been rising for seven weeks, the highest since May 2007 has been the longest rally. Since the end of November last year, the Dow rose more than 9% of the total. Another strong evidence of the market index during this period has never been substantially adjusted, from the eve of Thanksgiving, so far, there has never been a single day U.S. stocks fell more than 1% of the cases.