Amazon (AMZN) rose 0.7 percent. The company said Friday, despite the general downturn in retail trade, but the 2008 holiday sales situation is "the best ever."
However, a retail report showed that the initial investigation, for retailers this year's Christmas was miserable. According to "The Wall Street Journal" reported Thursday, MasterCard's SpendingPulse data published by the department showed Excluding automobiles, retail sales in November than the same period last year, 5.5 percent, in December (as Christmas Eve) 8% decline in retail sales.
If excluding petrol, Christmas this year, total sales year-on-year drop of 2-4 percent. Investigation revealed that "the adverse economic situation, as well as before the last week of bad weather in 2008 so that the Christmas shopping season in decades into the most challenging year."
Windham Financial Services chief investment strategist Paul - Mendelsohn (Paul mendelsohn) said that the "very poor retail industry data, but bad news for the market reaction is not heated, then this is good news."
He pointed out that "the market has already digested the bad news too many people trying to find the other end of the tunnel of light."
Friday in New York gold futures rose nearly 3 percent, to close at more than 870 U.S. dollars an ounce. By crude oil futures prices rose sharply and the decline in retail sales, such as news, investors preferred to raise hedge, gold prices push higher.
U.S. stocks slightly higher energy and raw materials led plate
Up close, the Dow Jones Industrial Average rose 47.07 points to close at 8515.55 points, or 0.56 percent, the Dow 30 component stocks in a total of 17 stocks rose. Alcoa rose 4.2 percent, Exxon Mobil rose 1.9 percent, Coca-Cola rose 1.1 percent.
General Motors rose 12.6 percent.
GM's GMAC financial sector need to bond holders in the Friday deadline will be decided 38,000,000,000 U.S. dollars into bonds at a lower value of the bonds, so that GMAC will it be possible to become a bank holding company, is the only way is to say only Eligible for the Ministry of Finance issues 700,000,000,000 U.S. dollars of assets in the financial rescue plan. According to reports, GMAC need access to 75% of the bondholders agreed to the restructuring of the debt can be.
Standard & Poor's 500 index rose 7.38 points to close at 872.80 points, or 0.85 percent; Nasdaq composite index rose 5.34 points to close at 1530.24 points, or 0.35 percent.
Energy Plate rose 2%, crude oil futures fell 33% in the month after today's rebound.
Mendelsohn said, "do fund managers and market value adjustment of trading positions for next year is the impact of the current market a major factor."
He pointed out that "many of the investors in the past two weeks to sell shares for tax considerations, as the end draws near, some stores have to wear the hope that investors may buy back some of the energy sector."
Communications rose 2% of the plate, the plate of raw materials rose 1.8 percent.
So far this year, the Dow fell a total of 32% stake in the financial weight of the larger Standard & Poor's 500 index fell 41 percent, the Nasdaq was down 42%.
However, a retail report showed that the initial investigation, for retailers this year's Christmas was miserable. According to "The Wall Street Journal" reported Thursday, MasterCard's SpendingPulse data published by the department showed Excluding automobiles, retail sales in November than the same period last year, 5.5 percent, in December (as Christmas Eve) 8% decline in retail sales.
If excluding petrol, Christmas this year, total sales year-on-year drop of 2-4 percent. Investigation revealed that "the adverse economic situation, as well as before the last week of bad weather in 2008 so that the Christmas shopping season in decades into the most challenging year."
Windham Financial Services chief investment strategist Paul - Mendelsohn (Paul mendelsohn) said that the "very poor retail industry data, but bad news for the market reaction is not heated, then this is good news."
He pointed out that "the market has already digested the bad news too many people trying to find the other end of the tunnel of light."
Friday in New York gold futures rose nearly 3 percent, to close at more than 870 U.S. dollars an ounce. By crude oil futures prices rose sharply and the decline in retail sales, such as news, investors preferred to raise hedge, gold prices push higher.
U.S. stocks slightly higher energy and raw materials led plate
Up close, the Dow Jones Industrial Average rose 47.07 points to close at 8515.55 points, or 0.56 percent, the Dow 30 component stocks in a total of 17 stocks rose. Alcoa rose 4.2 percent, Exxon Mobil rose 1.9 percent, Coca-Cola rose 1.1 percent.
General Motors rose 12.6 percent.
GM's GMAC financial sector need to bond holders in the Friday deadline will be decided 38,000,000,000 U.S. dollars into bonds at a lower value of the bonds, so that GMAC will it be possible to become a bank holding company, is the only way is to say only Eligible for the Ministry of Finance issues 700,000,000,000 U.S. dollars of assets in the financial rescue plan. According to reports, GMAC need access to 75% of the bondholders agreed to the restructuring of the debt can be.
Standard & Poor's 500 index rose 7.38 points to close at 872.80 points, or 0.85 percent; Nasdaq composite index rose 5.34 points to close at 1530.24 points, or 0.35 percent.
Energy Plate rose 2%, crude oil futures fell 33% in the month after today's rebound.
Mendelsohn said, "do fund managers and market value adjustment of trading positions for next year is the impact of the current market a major factor."
He pointed out that "many of the investors in the past two weeks to sell shares for tax considerations, as the end draws near, some stores have to wear the hope that investors may buy back some of the energy sector."
Communications rose 2% of the plate, the plate of raw materials rose 1.8 percent.
So far this year, the Dow fell a total of 32% stake in the financial weight of the larger Standard & Poor's 500 index fell 41 percent, the Nasdaq was down 42%.
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