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US Stock Market, the Sharp Increase of the Highest Points After the Lapse of 15 Years

US Stock Market, the Sharp Increase of the Highest Points After the Lapse of 15 Years

Posted July. 25, 2002 22:13,   


On July 24, US stock price jumped at the highest rate after the lapse of 15 years. Stock prices of Europe rebounded owing to sharp increase of US stock price.

In the New York stock market, the stock price jumped owing to favorable factors such as △unitary bill of US Congress, △Stock purchase of the company, and △ JP Morgan’s announcement for no problem on liquidities or assets. By the end of the day, Dow Jones Industrial Average closed at 8,191.29 points, gained 6.35%(488.95 points). The Standard & Poor`s 500-stock index closed at 843.39 points gained 5.73%(45.69 points). The Nasdaq composite index rose 4.96%(60.96 points) and so closed at 1,290.01 points.

Down Index and S&P 500 Index have turned in their best performance since October 1987 which the stock market had rebounded after a collapse of the stock market.

There were 2,770,000,000 shares in the Stock market and 2,450,000,000 shares in NASDAQ stock market for trading. It was the highest points in its performance. From July 19 to July 24, the trading volume of the market exceeded the shares of 2 billion for the first time for 4 days, since the opening of the US stock market.

Quoting the analysis from some stock analysts, US press reported that there was the

large rally bullish sentiment in stocks of downtrend. Also, US press reported that it

was difficult to say the stocks would be turned to the rise.

Stock market of Europe started at the slump decline of over 5% in an early of the day, but rose in reaction owing to New York stock market. FTSE Euro Top 100 Index closed at 1,889.89 points decreased by 1.5%. DAX 30 Index of Frankfurt stock market closed at 3,584.71 points increased by 1.96%.