Monday, July 18, 2011

Google Stock Performance

Fluctuations in the performance of Google to help stock index on Wall Street out of the slump. Although there is high anxiety of investors due to the uncertainty of U.S. government debt settlement.

Anxiety about the U.S. government debt and Europe to make Wall Street devastated in the week. Within a week, the S & P 500 fell 2.1%, the Dow Jones lost 1.4%, and the Nasdaq down 2.5%.

In trading Friday (15/07/2011), the stock market ignored the fierce debate in Washington about raising the debt ceiling to avoid default on debt.

But it turns out Google Inc. shows a polished performance of their income and make the market rose. Google became a top Gainer on the Nasdaq.

On Friday, the Dow rose 42.62 points (0.34%) to a level of 12479.73. The Standard & Poor's 500 index rose 7.27 points (0.56%) to a level of 1316.14. Then the Nasdaq rose 27.13 points (0.98%) to a level of 2789.8.

The market situation is full of uncertainty, where the European Banking Authority said there are 90 banks in Europe that are undergoing the test, whether they could survive if the economic recession happening again.

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