NEW YORK - The Dow Jones on Wall Street Stock successful rebound. Some investors respond positively to some data, after a sharp fall in recent days as fears of economic recovery that will move slowly. These concerns could also affect the price of oil and other commodities.
The data in question are, among others earnings season that begins with the appearance of performance reports largest aluminum producer Alcoa Inc. (NYSE: AA). After the closure of the market, aluminum producers, Alcoa Inc. announced lower losses than expected, thus bringing the price of Alcoa shares jumped seven per cent during trading.
"Some manufacturing companies have booked to do better in the third quarter due to liquidation of the existing reserves showed good results during the first semester," said Chief Investment Officer Charles Lieberman, from Adcisors Capital Management was quoted as saying by Reuters on Thursday (9/7/2009) .
Sentiment carried the Dow Jones Wednesday (8/7/2009) managed to rebound 14.81 points, or 0.18 percent equivalent to 8178.41. Meanwhile, the S & P 500 fell 1.47 points, or 0.17 percent lower to 879.56 level and the Nasdaq index rose one point averaged 0.06 percent, to 1747.17.
The decline is happening on the S & P 500 due to decline in the shares of energy sector in line with weaker oil prices.
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