The Web Tycoon’s blog

The fall of the consumer Index and the bad forecasts on Baidu, the Chinese Google, marked the session in Wall Street, but the Dow Jones could even keep the green on october 27^th . Also the rise of the dollar and the Oil have been protagonists of Wall Street on October 27^th (the Oil had correction on October 28^th).

The Dow Jones of industry was the only able to end the day in green with rises of 0,14% to 9882 points. The Standard and Poor’s 500 lost a 0.33% to 1063 points. While the technological Nasdaq Composite took the worst part falling by 1,2% to 2116 points.

Two factors played a important role today against Wall Street and The Dow Jones , the technological companies and the fall of the consumer index in October. In the fist case, the American companies of the Nasdaq paid for the giant Baidu, that has very bad forecasts for the upcoming months and Wall Street penalized this.

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This week in wall Street, the Dow Jones has been affected by the results of Bank of America and General Electric,that haven’t been as convincing as the investors of Wall Street hoped, they bit to collect profits this Friday, furthermore, the data on the consumer’s trust, has been too weak again. However, this has been the week of the banks and the Dow Jones ended rising by 1%.

So, at the end of Friday, The Dow Jones of Industry fell by 0.8% to 9990 points, the S&P500 fell by 0.81% to 1087 points, and the technological Nasdaq fell by 0.76% to 2157 points.

In the weekly balance of Wall Street, after passing the though quest of the banking system results flock from the last 5 days we had green results and profits. The Dow Jones rose this week by 1,35, the S&P500 rose by 1′5% and also the Nasdaq rose, by 0′8%.

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Although the fear of  a correction on thursday; this Week, the Dow Jones rallied again and rose up to 9800 points. This is a new maximum. The new Bullish rally in the stock market of New York, was feed by the good perspectives of the economy and the speeches of some celebrities like Ben Bernanke, pointing that the recession is over,have boosted the market.

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