Stocks jump on strong data $DIS:xnys

Last Updated on Monday, 05 March 2012 14:47
PDF | Print | E-mail
  • Stocks rallied with the S&P 500 rebounding from its lowest level in a month
  • Markets were buoyed pushing equities higher and treasuries lower as U.S housing starts topped economists’ forecasts and German business confidence unexpectedly grew
  • The S&P500 Index surged 3% to 1241.21 whilst the Dow pushed higher by 2.9% to 12,101.9 posting its largest gains since Nov 30
  • The VIX Index closed at 22.98 being its lowest level since July this year
  • DOW 2.87%, S&P500 2.98% and NASDAQ 3.19%
  • Oil for January delivery climbed 3.6 percent to USD $97.22 per barrel as the stronger housing data bolstered optimism that the economy is growing and further sanctions against Iran will curb supply
  • The local currency rallied 1.8 % this morning with the AUDUSD trading at 1.0074 after making a high of 1.0094 earlier in the session
  • Gold is stronger in line with an increased appetite for risk trading at USD1615.00 per ounce after earlier highs of USD1618.34 per ounce
Spectrum Live
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
 
 

Live Account Opening

Spectrum Live account

Opening a live account is easy. Simply fill out the online account opening form to start the process.

Click here to open your live account.

Demo Account Opening

Spectrum Live demo account

Download your trading software and start trading your demo account TODAY.

Click here to open your demo account