U.S. stock market, Wall Street moved up in late trade on Friday while New Yok, after Federal Reserve Chairman Ben Bernanke stated the Fed's readiness to help the economy by buying bonds if needed.
Stock prices, as quoted from page Washingtonpost, Saturday, September 1, 2012, there were rising due to the use of investor buying Bernanke's remarks that the U.S. central bank was ready to disburse monetary stimulus.
Noted, the Dow Jones Industrial Average closed up 90.13 points, or 0.69 percent, at 13.090.84. Standard &
Poor's 500 Index gained 7.10 points, or 0.51 percent, to 1.406.58. The Nasdaq Composite Index rose 18.25 points, or 0.60 percent at 3066.96.
Nine of the 10 groups in the industrial sector share Standard & Poor's 500 index closed higher, led by energy and material stocks.
Meanwhile, this week recorded Dow Jones fell 67.13 points, or 0.51 percent. The S & P 500 fell 4.55 points, or 0.32 percent. Nasdaq fell 2.83 points, or 0.09 percent.
However, for the period January to August this year, Dow Jones successfully climbed 873.28 points, or 7.15 per cent. The S & P 500 gained 148.98 points, or 11.85 percent. Nasdaq rose 461.81 points, or 17.73 percent.
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