New Info Wall Street "Rally," Dow Jones to achieve Top Position

Stock-in Wall Street stocks rose sharply to their highest position in the last few months on Monday (4 / 5) local time, as market sentiment picked up by a surprising increase in the U.S. home sales data, and that China hopes to increase the global economic recovery.

Index Dow Jones Industrial Average "rally" (continuous increase) of 214.33 points, or 2.61 percent, to be closed at 8426.74, is the position of blue-chip index's highest since Jan. 13.

Nasdaq technology stock index up 44.36 points, or 2.58 percent, a 1763.56, is the best closing since November ago.

Index Standard & Poor's 500 rose to the position of best closing since January 8, with the increase of 29.72 points, or 3.39 percent, to 907.24 put into S & P index in positive territory for the year.

S & P index rose 0.44 percent now to 2009, after a prolonged sluggish market "can help improve kepeercayaan," said Nick Perry of Schaeffer's Investment Research.

Market action comes as a real estate group said sales "pending home" (home obtain the unfinished, red) in the U.S., rose 3.2 percent in March, after increasing 2.0 percent in February.

"A basic home sales become more visible because membaiknya the ability of business and government incentives attract potential buyers to return to the market," said Ryan Sweet's Economy.com.

The analyst from Charles Schwab & Co.. said that "a positive manufacturing report on China, which triggered a strong rally in Asia, are helping the improvement in sentiment Street and continue the argument that the condition of the worst global recession looks likely in the back of the glass (rearview mirror)."

Purchasing Managers Index (PMI) CLSA China, the indicator is monitored carefully in the third largest economy in the world, a sharp rise 50.1 in April from 44.8 the previous month. This expansion in the first nine months.

Brian Wesbury of First Trust Portfolios said that he believes that the U.S. based on data recently, in housing, consumer spending and other areas, current recession will end. "Now the recovery is being seen in the travel," he said.

The atmosphere also terbantu market by news from two major banks indicate that they do not need to raise large quantities of new capital, although there are concerns about the "stress tests" (test food) that the government will be released this weekend.

Shares of Bank of America menguat 19.31 percent to 10.38 U.S. dollars after a disputed the report are seeking 10 billion U.S. dollars new capital.