The main indicator of Wall Street went up almost 220 points (1.96%) and stood at, ffxiv gil, 11434.88 whole, a level not reached in more than two years, since the week of September 2008 that the investment bank starred in the largest bankruptcy in history and the economic crisis was unleashed.
The Dow fell 504 points on September 15 of that year, the day that one of the flagships of Wall Street filed for bankruptcy.
The return to the levels in New York that the park was more than two years is the most tangible of the good reception given to investors monetary stimulus plan released on Wednesday by the U.S. Federal Reserve.
With this plan, the Fed injected $ 600,000 million of liquidity in the economy, which surpassed analysts' calculations, who had expected that the action is between 100,000 and 500,000 million dollars.
A day after that announcement, the central bank chief, Ben Bernanke, explain in detail a plan that exceeded analysts' expectations and, as he said in an article published by The, eve isk, Washington Post, "promote economic growth" .
"The most favorable financial conditions will promote economic growth," said Bernanke on action taken by the Open Market Committee of the Reserve, who directs the U.S. monetary policy, and which also includes the maintenance of rates exceptionally low interest.
The contribution of liquidity made by the central bank was welcomed by, ffxiv gil, the markets and increased in the Dow Jones today, we must add the 1.93% that went up the selective S & P and 1.46% I go composite index Nasdaq market, where many listed companies and internet technology, among others.
Wall Street moved into positive territory throughout the session and among the sectors that gained in this journey of mind buyer, highlight the financial institutions, which saw some of the biggest names in sealed steady progress.
So the bank JPMorgan Chase leaders of these promotions with a rise of 5.51%, followed by Bank of America (5.3%), the American Express Financial (3.95%) and Travelers Insurance (2.38%).
Outside the index, also stressed that experienced increases firms like Morgan Stanley (3.82%), Wells Fargo (3.78%), Citigroup (3.34%) and Goldman Sachs (2.31%).
There were many actions that ended with rises in the Dow Jones Industrial Average, of which highlighted the heavy equipment maker Caterpillar (4.13%) and aluminum maker Alcoa (3.5%).
Also closed with gains above 2% Chevron (2.95%), the conglomerate GE (2.8%), aeronautics Boeing (2.77%), the DuPont chemical (2.76%) and technological Intel (2.39%) and Cisco (2.11%), among others.
Shortly after the close of the session, investors met quarterly accounts of food giant Kraft, which had also closed inthe Dow with an increase of 0.7%, but in later electronic trading fell 1.86%.
Kraft Foods announced that won 3.574 million dollars in the first nine months of 2010, 54.7% more than at the same time last year, but the accounts for the third quarter of this year, to pay more attention to the U.S. analysts, showed that 8.5% earn less than the same quarter of 2009.
New Yorkers In other markets the weakening of the dollar against other currencies like the euro, so that a single European currency was paid this Wednesday 1.4207 dollars, compared with 1.4121 the previous session.
This depreciation helped the Texas oil closed at a price of 86.49 dollars per barrel, its highest point in almost seven months, while public debt to ten years rose in price and offered a return, which works in reverse , of 2.49%.