U.S. Stocks Rise After Mubarak Resignation

With the decline of Egyptian President Hosni Mubarak has sparked up a few shares in the United States. This was proved by rising stock of Dow Jones Industrial Average rose 43.97 (0.36%) to end at 12273.26, while the broad-based index of the S & P 500 rose 7.28 points (0.55%) to 1329.15 points. Technology- heavy Nasdaq composite index increased 18.99 points (0.68%) to 2809.44 points.

This incident also resulted Index Wall Street rebounded from opening in negative territory, buoyed by late afternoon trading resignation Mubarak. "Stocks closed the week in green, as investors welcomed a potential end to the crisis in Egypt, after President Hosni Mubarak to resign and hand over control to the military state," said analysts at Charles Schwab in a client note.

Others effect of President Hosni Mubarak's resignation has also pushed the benchmark New York crude contracts fell sharply to 85 dollar per barrel. Despite the moderate rise, the Dow and S &P 500 closed at its highest level since June 2008, while the Nasdaq was the highest since November 2007. Blue-chip Dow rose 1.5 percent for the week.

With this incident the it is definitely the market also take caution to release the White House plan to radically alter the housing mortgage industry, including reducing government support on mortgage lenders Fannie Mae and Freddie Mac, which have supported the housing market for 40 years. The bond market rose, pushing yields (yield) on the 10 year Treasury fell to 3.65 percent from 3.71 percent on Thursday evening. Results 30 year fell to 4.71 percent against 4.77 percent.