Greek Hopes Raise Euro & Global Shares

PUBLISHED BY
Jay Raol



TAGS:


9 years ago



THRD_IDMerit_Ad

Square-Add

Increases in stocks of US and Europe

Increases in stocks of US and Europe

The euro increased on the 23rd of November, resulting in a rise in shares of Europe, following indications of progress in negotiations on offering aid to recession-hit Greece as well as the findings in an influential analysis which showed a significant increase in business sentiment in Germany. The increase in stocks of US and the world were prompted by the same reasons.

Stocks Trading in Western Markets

The increase in stocks of US improved for the fifth day in a row, promoted by a life from the leading technology shares including Microsoft Corp. and Intel Corp., both of which rose by roughly 2 percent. The increase in stocks of US was partly helped by a semiconductor stocks index .SOX which grew by approximately 1.8 percent, while the information technology field of S&P sector index .GSPT witnessed an improvement of roughly 1.6 percent.

Wall Street trading closed early following market shutdown due to the Thanksgiving weekend after facilitating the increase in stocks of US as well as the rise in shares of Europe. With several investors still busy with holidays on the 23rd of November, volume happened to be quite low. As many as 2.8 billion shares were traded through the New York Stock Exchange, the NYSE MKT and NASDAQ, compared to the daily average on an annual basis of 6.5 billion.

Rise in Market Shares

Experts underline that investors have been waiting for a pullback such as the one the tech companies witness on the 23rd of November as they just want to invest and earn.

The rise in NASDAQ was aided by Microsoft Corp., improving about 2.8 percent to attain $27.70, while Apple Inc. saw an increase of 1.7 percent to reach $571.50. It is worth mentioning that the period from the middle of September to the middle of November saw the S&P tech industry lose as much as 13 percent due to the decrease in broader markets.

In addition, Research In Motion,  the developer of the BlackBerry smartphone, rose based on optimism regarding its soon to be introduced Blackberry 10 gadgets which are set to go up against the iPhone and Android smartphones of Apple Inc. RIM saw an increase of roughly 13.6 percent to attain a mark of $11.66.

Black Friday on the 23rd of November not only launched the opening of the holiday shopping season, but also provided investors with a good reason to take over the shares of retailers in hopes that consumers would give in to the shopping frenzy.

The industrial average at Dow Jones was up by roughly 1.35 percent at 13,009.68. 1.30 percent was the rise in Standard & Poor’s 500 Index to reach 1,409.13. The rise in NASDAQ Composite Index of 1.38 percent helped attain a mark of 2,966.85.

In terms of the week, the Dow was raised by approximately 3.3 percent, while the S&P grew by about 3.6 percent. The rise in NASDAQ was just 4 percent. Due to the rise in shares of Europe, the stocks were able to note their best increase in a week to date after growing for the fifth day on the 23rd of November.

Jay Raol

Recent Posts

Inflation Brings More Worries for Investors in 2022

Inflation Brings More Worries for Investors in 2022

Inflation is chasing the investors and policy makers at a speedy rate. CPI increased by 7% in December, 2021, the highest since June, 1982.
3 hours ago
Amazon to Open First Algorithm-Based Fashion Store in LA

Amazon to Open First Algorithm-Based Fashion Store in LA

Enriching consumer experience in LA, Amazon’s Style store is transforming the ways of buying outfits through suggested algorithms.
7 hours ago
US Inflation Rate Reaches 7% Marking the Highest Since 1982

US Inflation Rate Reaches 7% Marking the Highest Since 1982

The annual inflation rate in the US hit 6.2%, recording a highest in decades. Due to an unstable inflation, consumer prices increased by 0.9 percent in October and June, 2021.
1 day ago
McDonald’s expands test with McPlant Burger to 600 New Locations

McDonald’s expands test with McPlant Burger to 600 New Locations

The McPlant Burger is coming to nearly 600 McDonald’s outlets in the Bay Area and Dallas-Forth Worth starting February 14.
2 days ago
Google’s Online Services Team Grapples with Mental Health Crisis

Google’s Online Services Team Grapples with Mental Health Crisis

In a 2019 internal document obtained by Recode, many employees attest to being demoted, ostracized, or assigned to less desirable projects for speaking out.
2 days ago
GM Offers Fans a Sneak-Peak of the New Cadillac Escalade V-Series SUV

GM Offers Fans a Sneak-Peak of the New Cadillac Escalade V-Series SUV

The running lights, too, have a classier, sporty design. Cadillac aptly captioned the video “Power has a sound – and it’s a roar.”
3 days ago