The American shares increased on Monday, having pushed Dow Jones Industrial Average index to a new record high closing level of 2009. The energy companies Chevron and Exxon Mobil stocks headed the US shares growth as well as the largest telecommunicational companies Verizon Communications and AT&T shares.
Dow Jones Industrial Average index closed with advance by 132.79 points or by 1.29% at the level of 10450.95 points, having interrupted 3-day falling and having reached the highest closing level since October 2, 2008. Nasdaq Composite index rose by 29.97 points or by 1.40% to 2176.01, having shown the most significant day growth for two weeks. Meanwhile, Standard & Poor\'s 500 index climbed by 14.86 points or by 1.36% to 1106.24 points.
Verizon shares ticked up by 90 cents or by 3% to 31.33 USD, AT&T stocks went up by 76 cents or by 2.9% to 26.78 USD. Chevron shares surged by 1.97 USD or by 2.6% to 78.74 USD, while Exxon Mobil shares jumped by 1.32 USD or by 1.8% to 76.50 USD due to the oil futures quotations upturn. The US stock indices gained on Monday as investors found confidence in shares again in terms of more advantageous reports about the US existing home sales than it was expected. Besides, the president of the Federal Reserve Bank of St. Louis James Bullard predicted the FRS’s assets purchase program continuation after the Q1 of 2010, when purchases should be over.
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Analyst: Vladimir Donin
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