Markets, indexes, gains and other figures!
by Barbora Misakova
Everyone is on his guard, watching properly every move up and down. Everyone goes in fear of double-dip economic recession. While yesterday it was about the lowest consumers’ confidence in seven months, this time it is going to be about U. S. stock investors and their strong control of the market. It has begun quite strongly and optimistically at the beginning of September, and investors are wondering if its end is going to be the same. The main questions are: “Is the economic recovery still on track?” and “Does market’s recent rally have support?” Investors have been enjoying their boosting confidence so far when three major U.S. stock i! ndexes left with gains. The Standard & Poor with its 500 index celebrated its 9.5 percent growth. According to Reuters, September could be the best month for the Standard & Poor and its 500 index since at least March 2000, if the rally holds. But quite steady 9.6 percent rate of unemployment and tepid demand are the biggest threat. They are expected to cause a slowdown in manufacturing activity in September. Manufacturing index of the Institute for Supply Management probably dropped by 1.8 percent, but there are at least expected some moderate gains in personal income and consumer spending. On Thursday the final figures on second-quarter gross domestic product will be out and on Friday, September domestic car and truck sales will be reported. “Sentiment has turned sharply higher over the past few weeks after very bearish readings last month.” said Michael Sheldon, chief market strategist at RDM Financial. But if this sentiment is going to grow is something what ! no one can answer for sure.
related story (sgx1! 8291): http://news.yahoo.com/s/nm/20100926/bs_nm/us_usa_stocks_week...
| by Barbora Misakova for Cantell TV (http://cantell.tv) |
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