Thanks to better new on the economy, stocks started 2011 with a lift. Manufacturing activity and construction spending rose more than predicted. The Dow Jones industrial average jumped .81 percent, according to preliminary calculations. The Standard and Poor's 500 index gained 1.13 percent and Nasdaq rose 1.46 percent. Financial companies led with a 2.2 percent jump. After settling a dispute with Fannie Mae and Freddie Mac, Bank of America Corp. shot up 5.1 percent being the best performance among 30 stocks that make the Dow Jones. The largest fall of 0.1 percent was Intel Corp. Small companies, considered a riskier investment, surged. Shares also rose throughout Europe, the Euro Stoxx 50 index rose 0.6 percent. The dollar rose 0.1 percent. On the last day of trading in 2010, the U.S. ended mixed, investors think that it turned out better than expected. In the U.S., every major stock market index increased by double digits. Stocks ended 2010 strong.
http://www.msnbc.msn.com/id/40886637/ns/business-stocks_and_economy/
I think that it is great that the stock market is kicking off the year at a good start. In class we are playing the virtual stock market game and I am looking for stocks to buy, short sell, or the stocks that I currently have that need to be sold.
Seeing that the stock market is doing well and that the major stock indexes are increasing, shows a good sign for the future. Maybe if the stocks keep doing well, our economy will get better.
I think that it is great that some of the risky investments surged. It means that they are doing better and are able to accommodate their consumers.
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