U.S. stocks continued to rise on Monday afternoon, the U.S. stock market a good start in the New Year ushered in the first trading day, the three major stock indexes were high in two years. Economic data show that the U.S. manufacturing sector expanded for the 17th consecutive month, construction spending increased, boosted investor confidence in sustained economic recovery.
EST at 12:43 on January 3rd, the Dow Jones industrial average rose 127.48 points to 11,704.99 points, or 1.10%; the Nasdaq composite index rose 45.88 points to 2,698.75 points, or 1.73%; the S & P 500 Index rose 17.81 points to 1,275.45 points, or 1.42%.
Today, the highest intraday Dow was up nearly 134 points, rose to 11,711.47 points, the highest since August 2008 a new high. The Nasdaq rose to its highest at 2704.86 points, the highest 3-year high. The highest S & P 500 Index rose to 1276.35 points, a two-year high. Crude oil futures prices topped $ 92, also create a two-year high.
The Dow, the largest U.S. banks Bank of America (BAC) rose 5.2%. The bank said on Monday that will be provided for the fourth quarter of 3.0 billion, to cover its underwriting subsidiary Countrywide Financial sector for sale to Freddie Mac and Fannie Mae securities charge on loans to potential losses, the bank agreed to settle with the buy-back litigation related to these loans.