Positive U.S. data, Wall Street Closed Stronger

S&P 500 index turned positive this year as the impact of a series of economic data coming out with unexpected results.

The benchmark index has gained nearly five per cent when the market rises. Investors see United States (U.S.) latest data that have improved greatly, while the agreement for income tax cuts brings enthusiasm.
New data on housing sales in the U.S. also experience highest increase during the last seven months, precisely in November, which means giving recovery in this sector. Another major achievement is also followed in the Consumer sector, Information Technology, is considered as a defender.

S&P tracked up though thin on the average of 200, which means at the level, which are difficult to survive after ouster in August.

In the U.S. Congress that agrees to extend the income tax cuts over the past two months to 160 million employees will expire at the end of December. The resolution, if only temporarily, could hit growth for next year.

The Dow Jones Industrial Average rose 124.35 points or 1.02 percent to 12.294. Meanwhile, the S & P 500 rose 11.3 points or 0.90 percent to 1265.33. The Nasdaq Composite Index climbed 19.19 points or 0.74 percent to 2618.64. As long as this week, the Dow Jones rose 3.6 percent, the S & P rose 3.7 percent and the NASDAQ climbed 2.5 percent.

Conditions before long holidays at Christmas are thought to trigger a surge in excessive market next week. New York Stock Exchange was normal according to hours, but the bond market closed early on the local time.

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