The Quarter Ends Strong

The Quarter Ends Strong at Wall Street

Author: Michael Wynn 04/01/2011

1 April, 2011: On Thursday the stock movement was minimal yet it was a solid quarter for the US Stocks. Investors are anxiously waiting the job report of U.S on Friday which would push up the stock indexes to greater heights this year.

Despite many attempts in the month that passed the S&P 500 which hovered around 1,330 could not break away from the level of index even after recording a gain of 5.4 percent during the first quarter.

It can be tipped over only by a strong payroll which would set the technical momentum and push up the stocks.

Chief investment officer with Wells Capital Management in Minneapolis, Jim Paulsen, is of the opinion that unless  the numbers on the following day are bad, the market would do good this year as it is not uncommon for the market to stall at this point.

Despite Japan’s natural and nuclear disaster and the disturbance in the Middle East and north African stocks have shown great resilience.

The US job reports which are expected on Friday would substantiate the optimism of the investors that the global trouble can be overcome if US recovery is strong.

The performance of the DOW industrials was better than NASDAQ and S&P 500 in March which is a firm indication of that strong company has been preferred.

NASDAQ composite has climbed up by 4.28 points to 2,781.07 which is 0.15 percent where as both DJI and S&P have slipped down by 30.88 points to 12,319.73 which are 0.25 percent and 2.43 points to 1,325.83 which is 0.15 percent respectively.

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Posted by Nicholas on Apr 4 2011. Filed under Featured News, Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry