Friday, March 13, 2009

Wall Street Still Extends Its Gain------ Again??

U.S. stocks market rose again for the fourth straight day after many positive news from companies in many industries. AP news said that about five stocks rose for every three that fell on the New York Stock Exchange today.

Richard Parsons, Citigroup's chairman, said that Citigroup does not require additional aid from the government. Previously, Citigroup has received three times emergency funding to help defend the company's decline. Beside that, Bank of America's chief executive Ken Lewis said that the bank has booked the profits.

General Motors also reported a positive news, said that its would not need the latest government bailout money. General Electric's credit rating cut yesterday wasn't as bad as investors had feared.

All these positive news has strengthened and extended the stock market rise.


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