Huge smiles in Wall Street (2)

Increase shares occurred despite data showing that home price for single family in the U.S. declined sharply to 16.6% during August.

Shares the 'hungry' capital, such as telecommunications sector recorded the largest increase. Such as Verizon Communications, which increased to 14%, AT & T rose to 13%.

Shares the energy sector also supported the strengthening of Dow Jones. British oil company BP reported a profit increase, the shares directly appreciating sharply. Meanwhile, ExxonMobil and Chevron shares rose to 13%.

Similarly, Boeing shares, which jumped to 15.5% after the U.S. announced agreement with workers to end strike action while pressing the loss of U.S. $ 100 million per day.

Investors began to think that the shares are in the position of markets, and it's time to Rebound.

"If you believe that government from various parts of the world will be successful to give more energy to the financial market and gradually bring more stability and trust in the week-week and month, the more likely you want to be buyers instead of sellers," said Michael Sheldon, chief market strategist RDM Financial, as quoted from Reuters, Wednesday (29/10/2008).

Trade in the New York Stock Exchange is quite moderate with 1.73 billion shares change hands, slightly below average last year of 1.90 billion shares. The volume of trade increased sharply in recent sessions. Meanwhile, the Nasdaq, as much as 2.88 billion shares ditransaksikan, above the average of years ago that as many as 2.17 billion shares.