The US stock market started 2010 with a growth amid favorable economic data and comments from the FRS about the key interest rate keeping close to zero level.
In accordance with the trading results, Dow Jones Industrial Average index soared by 161 points or by 1.5% to 10588. Nasdaq Composite index closed with a gain by 1.6% at the level of 2305. Standard & Poor\'s 500 index also closed with the advance by 1.6% at the level of 1133.
Investors welcomed the positive economic reports released on Monday. So, it became known that the HSBC China manufacturing purchasing managers index, which is an activity indicator in the industrial sector of the country, in December rose to 56.1 from 55.7 in November, as it was reported on Monday. In December, the eurozone manufacturing purchasing managers\' index moved up to the highest value for 21 months. The manufacturing index by the US Institute for Supply Management for December climbed to 55.9 from 53.6 in November, while economists predicted that the index would boost to 54.
In addition, the FRS comments about the maintenance of the key interest rate almost equal to zero positively reflected investors sentiments.
The trading volumes surged on Monday, but they remain below the day average rates of 2009. Many market participants consider that the trading volumes will reach the usual indicators only after some trading sessions, as most of traders are on vacations.
Best regards,
analysts: Vladimir Donin
