Wall Street despite pressure from time being


After two days in succession affected by the action of selling high, stock markets in Wall Street may finally clear a moment of pressure. Investors showed little reaction to a press conference the first elected President Barack Obama. Obama promised to deal with the immediate financial crisis and economic support package that has been issued. "We face the biggest challenges in our economy. We will have to act quickly to resolve it," Obama said in a press conference the first on 7 November 2008 in Chicago as quoted from the AFP, on Saturday (8/11/2008). Market began to bring a little hope, despite data showing the U.S. economy is still frightening. October unemployment data as much as 6.5% of the highest in the last 14 years, which gives a signal of recession in the world economy. Investors in Wall Street also expects no recovery in the stock market in November this month after a sharp decline in the previous. During October, the Dow Jones recorded a decline worst since August 1998, the S & P worst since October 1987 and the Nasdaq worst since February 2001. In the closing trading Friday U.S. time (7/11/2008) Dow Jones index up 2.85% or 248.02 points to 8943.81 position. Similarly, the Nasdaq technology index rose 2.41% or 38.7 points to be 1647.4 and the S & P 500 rose 2.89% or 26.11 points to be 930.99. Investors now focus on the policy even though the Fed has cut interest rates to be 1%. Markets see the Fed policy will still do more to help economic recovery.