4th January 2012
Investors returned to stock market trading on the Dow Jones today (January 4th) in positive mood following the publication of a number of positive US economic reports in recent days.
As a result, the Dow Jones has risen by 180 points in trading this afternoon, with Business Week reporting the index has now pushed past its highest point in the last five months.
Furthermore, the S&P 500 has also risen by 20 points today to stand at 1,277 as of 17:06 Eastern Time - highlighting a growing positive sentiment in US markets.
Traders have so far put this early-year rise down to positivity developed by the start of the new year - known as the January effect - although this may be more pronounced this year due to the highly volatile nature of markets in 2011.
Late last month, the Dow Jones proved fairly resilient to ongoing eurozone fears of debt and reported significant growth after the US Bureau of Economic Analysis published stronger-than-expected US gross domestic product data on December 22nd.
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