Wall Street stocks mostly higher – Monsters and Critics

New York – Major Wall Street stock indices were mostly higher Thursday amid gathering economic optimism.

A government report on Thursday showed that the pace of job losses continues to moderate.

Analysts from Morgan Stanley said that commercial real estate, widely feared as the other shoe to drop after the meltdown in the US residential property market, would not become a major impediment to economic growth.

Shares in the retail sector rose as major US chain stores raised forecasts or delivered earnings reports that beat expectations.

The Dow Jones Industrial Average added 33.18 points, or 0.31 per cent, to 10,606.86. The broader Standard & Poor’s 500 Index rose 4.55 points, or 0.4 per cent, to 1,141.69. The technology-heavy Nasdaq Composite Index slipped 1.04 points, or 0.05 per cent, to 2,300.05.

The US currency edged up to 69.84 euro cents from 69.4 euro cents on Wednesday. The dollar soared against the Japanese currency to 93.31 yen from 92.32 yen.

Advertisements
This entry was posted in New York Real Estate. Bookmark the permalink.

One Response to Wall Street stocks mostly higher – Monsters and Critics

  1. Pingback: Quick scan of the net - japanese real estate « lindaotto

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s