Stocks on Wall Street rose after Libya Crisis

Stocks on Wall Street rose on weekend trade after the crisis in Libya subsided, followed by softening oil prices. Although U.S. economic growth data is lower than market expectations.
Dow Jones stock index trade on Friday (02/25/2011) rose 61.95 points (0.51%) to 12130.45 lecel. The Nasdaq index also rose 43.15 points (1.58%) to a level of 2781.05. Then the S & P 500 index also gained 13.78 points (1.06%) to a level of 1319.88.
The investors dare to buy back after seeing the market fall more than two percent during the previous session.

Analysts said, though the news about social and political crisis in the Middle East and North Africa continue, but the news did little to disturb investors. Oil prices are softening the appearance of sentiment will help economic recovery.

Oil prices in London who was close to U.S. $ 120 per barrel and U.S. $ 103 per barrel in New York, closed yesterday respectively U.S. $ 112 and U.S. $ 97 per barrel.

Capital market players also showed that no excessive reaction in the presence of downward revisions about economic growth in the fourth quarter of 2010 from 3.2% to 2.8%.