New York Stock Market Index Rose For Third Consecutive Days

As investors in the us turn their attention to the prospect of their own economic recovery, 25 days in New York

Although the situation in Libya, the situation after the Japanese earthquake and the debt crisis in Portugal still affect market sentiment, more and more

Earlier in the day, data released by the US Department of Commerce showed that the final value of US GDP growth in the fourth quarter of 2010 was 3.1%, higher than the 2.8% corrected value previously announced, and slightly higher than economists generally expected, indicating that the US economy is recovering steadily.

In addition, good corporate performance continued to support major stock indexes.

Oracle Corp, the famous business software provider, announced that after the close of the previous trading day, it benefited from a significant increase in authorized revenue. The company's latest quarterly profit rose 78% over the same period last year, much higher than the market expected.

After the announcement, Oracle Corp's share price rose to its highest level in 10 years, and also led to stronger technology stocks.

By the end of the New York stock market, the Dow Jones Industrial Average Index of 30 industrial stocks rose 50.03 points over the previous trading day, closing at 12220.59 points, or 0.41%.

The standard & Poor's 500 stock index rose 4.14 points to 1313.80 points, or 0.32%.

The Nasdaq composite index rose 6.64 points to 2743.06 points, or 0.24%.

Judging from the whole week, the three major stock indexes of the New York stock market went up this week after a two week low, and the raw material and energy sector was the main reason for the collective price rise of commodity prices, while the technology sector benefited from the strong growth of the company's performance.