Friday, May 20, 2011

Daily Dow Jones Is Bottoming Up

Wall Street Recap: Dow Jones up 45 points in a volatile session
In a volatile session, U.S. overnight markets extended its gains for a 2nd consecutive day in spite of a batch of weak economic data. Debutante Linkedln's share prices which doubled helped spur hopes that successful Initial Public Offering (IPOs) will help drive more capital off the sidelines as investors tweak portfolios for 2H11. The Dow Jones Industrial Average rallied 45.14 points, or 0.36%, to 12,605.32. The S&P 500 jumped 2.92 points, or 0.22%, to 1343.60.

Sentiment was also boosted by Fed’s minutes that officials are in no hurry to raise interest rates.

Daily Dow Jones Is Bottoming Up


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