U.S. stocks ended higher on Wednesday, the three major stock indexes hit a second straight day a new high of more than two years at least. Financial sector M & A news in the industry led the broader market stimulation. The latest economic data show that the U.S. economy is still recovering.
As of Wednesday's close, the Dow has created 29 August 2008, the highest since closing price; Standard & Poor's 500 index hit a 19 September 2008, the highest since closing price; the Nasdaq created the December 28, 2007 since the closing high.
Eastern time at 4:00 p.m. on December 22 (Beijing time at 5:00 on December 23), the Dow Jones industrial average rose 26.33 points to close at 11,559.49 points, or 0.23%; the Nasdaq composite index rose 3.87 points, to close at 2,671.48 points, or 0.15%; Standard & Poor's 500 index rose 4.24 points to close at 1,258.84 points, or 0.34%.
The strong rise in the financial sector, so that investor confidence, stimulate the stock market since 2008, climbed to levels not seen.
Today, its highest intraday Dow rose to 11,566.99 points, a record intraday high of two years. The Nasdaq rose to its highest at 2,675.26 points, a record intraday high of three years. The highest S & P 500 index rose 1,259.39 points, also set two years after hitting a high point.
Wednesday, pre, the U.S. government announced the increase of third quarter gross domestic product (GDP) growth rate, but still slightly lower than expected. National Association of Real Estate Transactions reported to a seasonally adjusted U.S. home sales figures in November increased by 5.6%, the annual figure rose to 4.68 million. Economists had expected the figure to rise 6.5% to 4.72 million.
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