Shares rise on Wall Street by Zivka Deleva

The stocks’ value have risen yesterday, due to the latecomers companies that decided to buy at the last few days of September. With no doubt, this month can be easily pronounced as the worst in the history of the Wall Street. The famous index S&P 500 has risen 9.4 percent. This is the month of spending cash. People are more and more aggressive as the quarter comes, say financial strategists. Other indexes have also been increased. It happened to Philadelphia semiconductor index that changed for 1.7 percent and Russell 2000 rose for 1.1 percent. The Nasdaq Composite Index grew for 9.82 points and the Dow – for 8.4 percent for the month. Some companies though h! ave reported to be very profitable this month. For instance, Walgreen Co, which is the biggest drugstore chain in the United States of America, have noted very high earnings, a lot more then they had dreamt of. Apple Inc. and Hewlett-Packard Co. have also lost about 5.6 of the share’s value. It seems like it is a modern thing to change your chief executive when something is wrong, or maybe that is the right thing to be done. If you come from a country where responsibility is almost a noun that doesn’t exist, then it would be strange for you. But, I suppose in the “normal” ones, it is normal. Some analysts say that the technology sector has obviously gone too far. After five months of sticking to the middle of the line, technology companies have made it to attract consumers more. Let’s wait and see how will the quarter finish and what would it bring to the next one.

by Zivka Deleva for Cantell TV (http://cantell.tv)

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