New York (Antara Bali) - Stocks on Wall Street jumped to a new record on Friday (Saturday morning GMT), after the central bank surprised the stimulus of Japan (BoJ) sparked a rally in global stock markets.
The Dow Jones Industrial Average jumped 195.10 points (1.13 percent) to close at 17390.52, surpassing the previous record of more than 100 points.
The S & P 500 rose 23.40 points (1.17 percent) to finish at 2018.05, almost seven points above the previous highs, while the tech-heavy Nasdaq composite index rose 64.60 points (1.41 per cent) to 4630.74, highest close this year.
BoJ on Friday announced it will add up to 20 trillion yen (182 billion dollars) for the current asset purchase scheme, bringing it to 80 trillion yen per year, an unexpected shift that aims to revive growth as the US Federal Reserve to end the stimulus magnitude.
Strong earnings from oil companies and technology, and encouraging US economic growth report on Thursday, adding to the momentum for trade on Friday. But analysts
BoJ said the move was the biggest factor.
"Clearly, the market is rallying supported enormous stimulus from the central bank (Japan)," said Alan Skrainka, chief investment officer at Cornerstone Wealth Management.
"This latest move by Japan surpassed all expectations and risk assets respond logically." (MFD)
COPYRIGHT © ANTARA News Bali 2014
The Dow Jones Industrial Average jumped 195.10 points (1.13 percent) to close at 17390.52, surpassing the previous record of more than 100 points.
The S & P 500 rose 23.40 points (1.17 percent) to finish at 2018.05, almost seven points above the previous highs, while the tech-heavy Nasdaq composite index rose 64.60 points (1.41 per cent) to 4630.74, highest close this year.
BoJ on Friday announced it will add up to 20 trillion yen (182 billion dollars) for the current asset purchase scheme, bringing it to 80 trillion yen per year, an unexpected shift that aims to revive growth as the US Federal Reserve to end the stimulus magnitude.
Strong earnings from oil companies and technology, and encouraging US economic growth report on Thursday, adding to the momentum for trade on Friday. But analysts
BoJ said the move was the biggest factor.
"Clearly, the market is rallying supported enormous stimulus from the central bank (Japan)," said Alan Skrainka, chief investment officer at Cornerstone Wealth Management.
"This latest move by Japan surpassed all expectations and risk assets respond logically." (MFD)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2014