Dow Jones Appears to Increase

Dow Jones appears to increase, as well as the S & P 500 due to investors' views that the fading of the Chinese action to tame growth. In addition, the technical index in the short term this seems too low.

While the Nasdaq index closed lower end the increase for eight consecutive days because most technology sector stocks suffered profit taking action. The volume of transactions recorded approximately 7.32 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq. Still far below the daily average this year of as much as 8.62 billion.

A number of leading stocks had earlier risen due to optimism that China will not be considered to confront aggressive growth, which then increase the energy and raw material inventory. Companies such as Chevron Corp. oil producer and manufacturer of mining equipment, such as Caterpillar Inc. pushed the Dow higher. Caterpillar and Chevron climbed 1.5 percent or more. PHLX Oil Service Index rose 1.3 percent. Previously, investors worried that China will raise interest rates to slow growth, but it only took steps to increase the amount of bank capital to move more severe by the second largest world economy. Indeed, in recent time, the Asian stock is getting up.

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