Posts Tagged ‘Technology’
Google Lift Wall Street
Stocks on Wall Street continues gains in two consecutive days while blue chip stocks in the Nasdaq and Dow Jones under pressure.Reinforcement occurred led by stocks in the technology sector and the rise in consumer ebrgerak kemarin.Naiknya trading on the stock market trading yesterday due to positive developments in the forex market, but was suspended due to negative sentiment caused by the debt crisis of Europe. One of the strengthening of technology stocks is Google. Fluctuations in the performance of Google to help stock indices on Wall Street out of the slump. Although there are still high investor anxiety due to uncertainty of U.S. government debt settlement. Anxiety about the U.S. government debt and also make Wall Street devastated Europe in the week. Within a week, the S & P 500 fell 2.1%, the Dow Jones lost 1.4%, and the Nasdaq fell 2.5%. In trading on Friday (15/07/2011), the stock market ignored the fierce debate in Washington about raising the debt ceiling to avoid default on debt falling due. An analyst Fred Dickson drift and wait for clarity on all the different issues and see the market react to Obama’s announcement in which he was informed about the progress of negotiations on the debt.But it turns out Google Inc. shows a polished performance of their income and make the market rose. Google became a top Gainer on the Nasdaq.On Friday, the Dow rose 42.62 points (0.34%) to a level of 12479.73. The broader Standard & Poor’s 500 index rose 7.27 points (0.56%) to a level of 1316.14. Then the Nasdaq rose 27.13 points (0.98%) to a level of 2789.8. The situation is full of market uncertainty, where the European Banking Authority said there are 90 banks in Europe that are undergoing the test, whether they could survive if the economic recession happening again .