Wall Street Financial Storm Calmed Down with Irene

Wall Street financial storm calmed down with Irene.Shares were hit by a barrage of bad economic news this summer has increased yesterday amid relief for damage caused by the hurricane, with glimmers of hope on the economic horizon. The collective sigh of relief sent the benchmark Dow Jones Industrial Average close to balance in 2011. Dow closed 2.26 percent or 254.71 points at 11,539.25. The index started to 11,577.43. The S & P 500 also rose, extending its first weekly gain since July, rising 2.8 percent in 1210. More cheerful mood yesterday's Wall Street was also due in part to growing expectations for more than Obama's plan post-Labor Day job. Financial advantages are optimistic that Barack Obama, who earned low marks for his handling of the economy thus far, will be a step forward and take decisive action with the plan of new jobs, which will launch the weekend after Labor Day...

Dow Jones Industrial Average jumped

The Dow Jones Industrial Average jumped 254 points on Monday. Has led to a wave of insurers after the tropical storm Irene has caused much less damage to many initially feared, the AP. However, many traders find it difficult to get to work in Lower Manhattan still on vacation or the volume of trade - the number of shares purchased and sold - was the lowest since July 26. Analysts lowered estimates of the amount of damage Irene would mean that insurance stocks soaring. According to AP Allstate Corp. rose 8.5 percent, increased by Hartford Financial Services Group Inc. 13 percent, and Travelers Cos. Inc. rose 5.1 percent Kim Forrest Caughey, equity research analyst at Fort Pitt Capital Group, told AP, "The United States have more or less untouched by the hurricanes. The cleaning will not cost as much as expected. " On Thursday, said Kinetic Analysis Corp., a consulting firm, the damage...
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