Wall Street Raises Because of FedEx & Technology

Trade world stock sell-off lately observed, monitored rose on Wall Street. Strengthening FedEx is supported by a bullish outlook for growth is expanding. Admittedly, the shares have recorded a good performance in 2010, on Thursday gave big gains as investors tried to increase their profits back at the end of the year. In addition to the number of stocks that fell on the New York Stock Exchange and Nasdaq.

On average, the Dow Jones industrial rose 41.78 points, or 0.36 percent, to 11499.25. Package delivery company, FedEx Corp. raised its annual forecast, although quarterly profit and revenue does not match expectations. The shares rose two percent to USD94, 22, while its biggest rival United Parcel Service stock price up 2.1 percent to USD73, 76.

"The fact that FedEx does not match the estimated profit overshadowed by the prospect of a very strong performance, and is a good indicator that we are looking for a good time for the economy in the future," said the president in Sacramento, California-based Empyrion Wealth Management, Kimberly Foss. As for the shares of Visa Inc. and MasterCard Inc. fell after the Federal Reserve issued a proposal that would force banks and retailers cut the cost of the network card on a debit card. This makes Visa shares slumped 13 percent to USD67, 19 while MasterCard is down 10 percent to USD223, 49.

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