FX.co ★ The US stock market for 20/09/2010

On Monday, the US stock indices closed up amid the positive earnings reports of companies that increased the confidence in the economic recovery. Dow Jones Industrial Average rose by 145.77 points or by 1.37% to 10753.62 points, the highest closing level from May 13. Nadaq Composite advanced by 40.22 points or by 1.74% to 2355.8 points, having showed the growth for the ninth session in a row. Standard&Poor’s 500 lifted by 17.12 points or by 1.52% to 1142.71 points.
The shares of the financial companies have become the growth leaders after the report of Discover Financial Services pointed to improvement of the tendency on the lending market. Discovers shares hiked by 59 cents or by 3.8% to 16.16 dollars. The securities of American Express rose in price by 1.75 dollars or by 4.2% to 43.12 dollars. J.P. Morgan Chase stocks surged by 1.13 dollars or by 2.8% to 41.19 dollars, and the shares of the Bank of America soared in price by 34 cents to 13.74 dollars.
The companies’ stocks of consumer goods sector also have been the growth leaders amid the rising confidence in the economic recovery. The advance on the stock market on Monday has accelerated after the National Bureau of economic research announced the recession, which has started in December 2007, came to its end in June 2009. The securities of the housing sector companies went up in price before the week when the labor market data are published. The share quotations of Lennar ticked up by 1.15 dollars or by 8.2% to 15.14 dollars. In the third quarter, the company restored the yield, and its profit has exceeded Wall-Street expectations. Home Depot quotes increased by 76 cents or by 2.5% to 30.65.