Wall Street soar after GDP data

U.S. Q1 GDP growth of 1.8%, lower than the previous forecast that the first quarter was up 2.4% - Picture: Getty. 

U.S. stock market rally on Monday in a row, won a share of the losses in the last few sessions as investors worried the Fed at risk of early withdrawal of stimulus measures.

For the first time since the release 20/6 so far, the S & P 500 back above 1,600 points. Da sell-off in the market has basically stopped. Two recent sessions, buying volume has increased dramatically, the overwhelming number of sales. This led many analysts believe that the market started to turn following earlier changes.

All 10 industry groups in the index stocks S & P 500 gained, led by stocks of medical care and multidisciplinary. Most notable is the share of Johnson & Johnson. Its shares rose 1.9% to $ 86.99. Experts said the market, many investors are pouring money into stock rather than rushing drawn as before.

The main reason the U.S. stock investors less worried about the possibility of the Federal Reserve Board (Fed) early withdrawal of stimulus measures in the near future, because GDP figures published yesterday. Specifically, U.S. Q1 GDP growth of 1.8%, lower than the previous forecast that the first quarter was up 2.4%.

The GDP growth figures lower than the estimate of analysts is likely to affect the Fed's assessment of the stability of the economy on the path of recovery, and this can that the Fed will abandon the intention to recover the quantitative easing measures, which worked to promote the market over time.

End of day trading 26/6, the Dow Jones industrial index rose by 149.83 points, corresponding to 1.02%, to 14910.14 points. S & P 500 index gained 15.23 points, corresponding to 0.96%, closing the day up at 1603.26 points. Similarly, the Nasdaq Composite gained 28.34 points, or 0.85%, to 3376.22 points.

As of the past two sessions, the S & P 500 gained 1.9%, the most Tott within 3 weeks after the sell-off fluctuations. Last week, S & P 500 had its worst week since January 4/2013. Currently the index is still important to all-time peak of 1669.16 during the session is set 21/5, at around 4%.

VIX volatility measure of state investors in the U.S. stock market has been reduced by 6.8% to 17.21 points, indicating the market's fears are eased. Volume traded in the market average, with about 6.48 billion shares traded on all three floors New York, American and Nasdaq.