The U.S Stock Market gained its best in 2006 in contrast to 2003

The U.S stock market rose last week enlarging a best gain since 2003. 2006 was a good year for the U.S stock market. The Dow Jones Industrial average went to 12,500 for the first time. The S&P 500 rose 0.5% to 1418.30 for the first time since 1990. The NASDAQ composite Index which gets 41% from computer-based shares increased to 0.6%. On the whole for 2006, the Dow Jones Average climbed 16 percent, being the biggest gain among the three-major U.S gauges. The S& P 500 was standing next with a 14 percent jump and while the NASDAQ had the smallest rise by 9.5%.

Though the Stock market had done well and it is expected to do well in future, but when it’s the case of Currency market, the currency market in U.S is still a cause of worry. The dollar fell again owing to the data that showed that the U.S manufacturing growth stalled and job creation slowed. . A report may show that the U.S manufacturing didn’t expand till last month after reducing for the first time since April 2003. The dollar fell to 118.74 against the Yen. And it also dropped against the Euro to $1.3237 to $1.3174. The Stock market trading average may be about 50% below today as the U.S financial markets are observing a national day of mourning for former President Gerald R.Ford