On top seeing the great boom in the U.S currency market, we also can see some more interesting booms in the U.S stock market too. The U.S tock market rose to almost three months high this week on expectations that the technology companies will give out some profits. The foremost companies like the Apple Inc and Microsoft are going to introduce their new products into the market and this new release of their products will influence the prompt consumers and businesses to spend more.
Apple:
Apple, whose iPod dominates the market for music players, climbed to a record after unveiling its iPhone mobile phone.
Microsoft:
Microsoft, which will start selling its Windows Vista software to consumers this month, jumped after strategists at UBS AG and Bear Stearns & Co. upgraded their recommendations on the industry.
Stocks:
Stocks were no exception for boosting. They also got a boost as oil prices slumped to a 19-month low. The Dow average added 1.3 percent to a record of 12,556.08. The NASDAQ Composite Index had the biggest climb of the three gauges with a 2.8 percent increase to 2502.82. That's a level not seen since February 2001.
No comments:
Post a Comment