Wednesday, March 25, 2009

Breaking News: Wall Street Jumped Again!

Wall Street rose after the government reported the increases in order for durable goods and the rises of new home sales. Investors were excited after hearing these breaking news.

The Commerce Department said that in February, the demand for durable goods increased for about 3.4 percent. This was the biggest increase since December 2007, where even the order for durable goods experienced a sharp decline last month.

The Commerce Department also said that in February, the new home sales rose about 4.7 percent to a seasonally adjusted annual rate of 337,000. This was a good breaking news, where many economists had expected that new home sales would fall in February.

Some analysts said the increase of stock markets and U.S.economy during the last two weeks have slowed the recession. That is good, let's hope the recession will end as soon as possible ^_^


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