Monexnews-most traded stocks on Wall Street rose on Wednesday, with 500 S&P kemabli browsed over 1,500 area, after the home sales data was better than expectations and some positive earnings.
After managed to obtain 3-digit increases at the end of the previous session, the Dow Jones Industrial Average again surged more than 100 points and led by JPMorgan and the Boeing stock. S&P 500 and the Nasdaq Composite also showed brilliant performance, with each collecting 0.8% and 0.95%.
Economic Data released by the National Association of Realtors showed a little while ago pending home sales in the u.s. rose by 4.5% in January, to hit the highest level since April 2010. The figure beat expectations of a rise of 1.5% of economists.
While U.S. Federal Reserve Chairman Ben Bernanke is scheduled to deliver testimony for the 2nd day in front of the House Financial Services Committee. Bernanke is expected to still be providing a similar to earlier testimony, in which he had expressed its support to the sustainability of the quantitative easing programme (QE3) to emerging signs of economic recovery are evident. Bernanke also urged lawmakers to find a solution in order to avoid trimming the shopping will automatically apply in early March. (vid)
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