1.11.2011

Midday: Oil back to $ 90 broad based energy sector

Midday Tuesday, the U.S. stock market continued to climb. Push oil prices break through $ 90, the energy sector generally rose. Strong earnings and Japan also announced that the European financial rescue fund to buy bonds issued by other news, the market mood upbeat.

EDT at 11:43 on January 11, the Dow Jones industrial average rose 50.74 points to 11,688.19 points, or 0.44%; the Nasdaq composite index rose 9.87 points to 2,717.67 points, or 0.36%; Standard & Poor's 500 index rose 6.09 points to 1,275.84 points, or 0.48%.

The Dow ended a three-point Lianyin momentum. Monday, the Dow fell 0.3% to a record low this year.

Energy futures prices topped 90 dollars a barrel, to promote the energy sector generally rose. Gold futures rose $ 1.90, $ 1,376 an ounce.

Dow component, aluminum giant Alcoa (AA) fell 1.6%, the company announced late Monday, more than expected fourth-quarter earnings and provide a more promising performance goals.

Retailer Sears Holdings (SHLD) rose 6.7%, Tiffany (TIF) fell 1.2%. Both companies expect profits to exceed market expectations.

Dearborn Partners executive director and institutional investors - Paul Nolte (Paul Nolte), said, "has been published earnings figures can, but only a small amount of profit based on the report just released, it can not make important conclusions. I would rather see 150 after the company announced earnings conclusions. "