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Sunday, July 3, 2011

Wall Street at Highest Level Since 2 Year

New York - The first day of July, the Wall Street started to record the best level in two years.

Reinforcement was supported strong manufacturing data. This encourages meredannya worries about slowing economic growth. Manufacturing growth rose for the first time in four months in which the index of national factory activity to 55.3 in June from 53.5 in May as shown Institute for Supply Management data.

These data spur rally to a fifth consecutive day, even when the volume of trade continues to light called the raises doubts about the sustainability of the rally.

Investors grew more optimistic that a day after a temporary resolution to the debt situation of Greece. "The magnitude of the current movement is undoubtedly due to the volume of light.

We will take positive movement, no matter how much we can get it, but the gains could prove somewhat illusory," said John Norris, Director of Wealth Management at Oakworth Capital Bank in Birmingham, Alabama is cited from

Light volume, with 6.2 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, well below the average annual daily 7:55 billion shares.

The rate of growth in manufacturing rose for the first time in four months, with U.S. national factory activity index rose to 55.3 in June from 53.5 in May, the data of the Institute for Supply Management (ISM) showed.

ISM Survey grow on strong data on regional business on Thursday, reversing the recent trend of weaker data estimates.

Dow Jones rose 168.43 points, or 1.36% at 12882.77. Standard & Poor's Index rose 19.03 points, or 1.44% to 1339.67. The Nasdaq index rose 42.51 points, or 1.53%, at 2816.03. For the S & P rose 5.6% for the week, while the Dow rose 5.4% and the Nasdaq added 6.2%. For all three indexes, this is the biggest weekly percentage rise since July 2009.

Ending this week's trading, investors focused on U.S. data. Data derived from non-United States, global manufacturing sector lost power for a second month running. Ford Motor rose 1.7% to $ 14.02 after it said sales in June jumped 14%. General Motors rose 0.7% at $ 30.58 after the company reported weaker-than-expected gain in U.S. sales in June.

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