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Online trading on S&P 500 sees recovery
14th December 2010
The recovery of the Standard and Poor's 500 Index following the Lehman Brothers collapse was virtually complete yesterday, as online trading saw it grow.
The index needs to hit 1,251.70 to complete its rehabilitation and yesterday's trading saw it simmer just below that mark, thanks to Apple and Freeport-McMoRan Copper and Gold seeing shares increase.
The stimulus was China's decision to refrain from raising interest rates for the time being, which Axiom's Liam Dalton said created "a sense of relief" for the online trading community.
The S&P 500 has seen an increase of 21 per cent since the start of July, largely thanks to the latest round of QE and more than 70 per cent of the companies listed on the index beating the analysts' third-quarter profit estimates.
The index needs to hit 1,251.70 to complete its rehabilitation and yesterday's trading saw it simmer just below that mark, thanks to Apple and Freeport-McMoRan Copper and Gold seeing shares increase.
The stimulus was China's decision to refrain from raising interest rates for the time being, which Axiom's Liam Dalton said created "a sense of relief" for the online trading community.
The S&P 500 has seen an increase of 21 per cent since the start of July, largely thanks to the latest round of QE and more than 70 per cent of the companies listed on the index beating the analysts' third-quarter profit estimates.
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