Wall Street closed the best September since 1939

American investors are very happy with macroeconomic news, The GDP growth, over the forecasted, and the fall of weekly unemployment helped to make this September an excellent one in Wall Street.

Although doubts spread by the Federal reserve after his last meeting, Wall Street closed his best September since 1939.

Macroeconomic news have been very good for Wall Street

The Macroeconomic data is favorable to the interests of Wall Street. The GDP growth during the second quarter was 0f 1.7%, over the 1.6% forecasted by analysts. Although Wall Street made a positive interpretation of the figure, this means a stagnation of GDP growth, that in the second quarter of 2009 was by 5%, and in the first quarter of 2010 by 3.7%.

The other great new in Wall Street are the weekly demands of unemployment subside, according figures given by government, in the past week have been reduced to 453000, improving expectations of Wall Street, that expected a fall to 460000.

With these references the screens of Wall street are green .

The warnings of the Federal reserve about the necessity of implement new stimulus measures to ensure economic growth didn’t cheapen the advancement of Wall street as companies made the reverse effect.

Corporative movements have been so good in the eyes of Wall Street, that rather than be the worst month of the year, September has been the opposite (the best).

Other good new for Wall Street was the consumer trust index of consumers in the United States, that descended in September but has been better than the forecasts. According data from the University of Michigan.

In more than 100 years of history of the Dow Jones, the index fell by 1% this month in front of the increases by 0.7% in the other months, but in September of 2010 the accumulated growth reached 9%, what supposes his best monthly climbing since September of 2009 and converts this in the best September in Wall Street since 1939.

The Dow Jones won 41.63 points yesterday and ended with 10,829.68. Wile the S&P 500 closed with an increase by 0.44% and the Nasdaq grew by 0.09%.

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