The stock market review of the USA for 21/05/2010

Friday, the American stock markets rose due to financial companies shares after that the Senate passed a bill about the financial sector regulating reform. Dow Jones Industrial Average index rose by 125,38 points or by 1,25% to 10193,39 points. For a week the index fell by 4,02%. Nasdaq Composite ticked up by 25,03 or by 1,14% to 2229,04 points. For a week the index lost 5,02%, from the beginning of the year – by 1,77%. Standard & Poor’s 500 rose by 16,10 points or by 1,5% to 1087,69 points. For a week the index fell by 4,23%, from the beginning of the year – by 2,46%. 
J.P. Morgan shares increased by 2,22 dollars or by 5,87% to 40,05 dollars, the Bank of America 0,69 dollars or by 4,5% to 15,99 dollars, American Express – 1,20 dollars or by 3,1% to 39,82 dollars. 
The Senate of the US Congress passed a bill about the financial sector regulating reform. Amid this, the investors were buying shares of big banks and financial companies. Earlier during three months the shares cost of these institutes because of doubts regarding this bill.
Despite the remaining fears concerning the Eurozone debt problems the investors were buying the shares of other sectors companies, as their cost fell to very attractive values during the recent drop.