Wall Street has finally finished this trembling January with a high success as investors lessen their worries about the bonds and in addition to this their optimism grew radically due to the awareness that the cuts by the Federal Reserve will actually help to improve economy. Even the Dow Jones industrials has increased by more than 200 points despite of the fact that it lost 190 points firstly. It rose to 12,650.36, that is by 1.67 percent. MBIA Inc, a bond insurer, tried to calm the whole situation down on Thursday when its chief Gary Dunton reassured investors that the company is able to maintain its AAA credit rating. According to Ryan Detrick, a strategist at Schaeffer's Investment Research in Cincinnati, it is a really sufficient relief that the Federal Reserve acted as Wall Street desired. It followed the MBIA requirements and thus it lessen all the fears if possible and existing investors. The prices of government's bond have plummeted too. The 10-years Treasury note's yield decreased form 3.63 percent to 3.59 percent on Wednesday. It has been reported by the Commerce's Department's personal consumption that there has been a continuing downturn in economy since the end of 2007. It has been mostly visible in striking news about the drop in consumer spending. It reached its weakest performance in December that is however regarded to be the most flourishing shopping season. A recovery was noticed on Thursday's stock due to gains in ruined sectors like financials and home builders. Thus the sellers of a stock "short" bet should know that their price will decline and the price of those who are pushed to engage in and buy the stock is expected to rise.
Edited by Iveta Nagyova
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