Tuesday, December 26, 2006

U. S Stock Market made a good come-back



The U.S stocks got better on Tuesday as these stocks enjoyed a rebound after last few week’s broad losses. The maximum gains came during the last hour of trading. Analysts anticipate that the stocks will influence the investors who have experienced solid gains this year to purchase so as to increase their collections.

The holiday period helped the retailers counterbalance their losses which they suffered on account of weaker dollar. The S&P 500 gained 61.4 points on Tuesday while the NASDAQ Composite rose 12.33 points. From Thanksgiving Day to Christmas occasion the U.S holiday sales grew by 3% when compared to the sales of 2005.

The impact of the U.S dollar decline is on many. But if we take the stock market, if the impact is good for one person unfortunately it is bad for another. So, the dollar’s decline is not worrying many people in the stock market.

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