The latest this week in the U.S. trading session began with strong increases in three major indexes, after earlier today showed that initial unemployment in the country has fallen to its lowest level in 19 months, while factory activity in the sector reached its highest point for six years. The index of 30 largest and most traded companies in the Dow Jones IA U.S. rose by 0.7% to 10 396.82 points one hour after the start of the session. The broader S & P 500 advanced by 0.8% to 1 179.14 points and Nasdaq Exchange main index Nasdaq Composite, meanwhile, added 0.7 percent in value to 2 415.13 points. Stock optimism today was supported by data on the labor market, which showed that the planned redundancies reduced for the 13th consecutive month in March, and new applications for unemployment benefits fell to its lowest level since August 2009 here. The number of long-term unemployed Americans is also reduced. Finance Minister of the United States, however, warned in a television interview today that unemployment in the U.S. can remain “unacceptably high” for an extended period of time. He stated that at this stage, the country can not afford to reduce its budget deficit at the expense of supporting the economy forward CNBC. Even better were the data after the start of today’s trading session, which showed that U.S. factory sector recover more quickly from the crisis. The index, which monitors business activity in it, rose for the eighth consecutive month in March and reached 59.6 points to its highest level in six years.
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Lack of important economic data in the early weeks of the new exchange led to the tentative start of today’s session on Wall Street. All three major indexes found themselves in positive territory in early trade but shortly thereafter changed direction and gravitate around the neutral zone. Dow Jones Industrial Average, which brings together 30 most actively traded stock in U.S. companies with the highest market capitalization remains unchanged at 10 570.51 points by one hour after the start of trade. Broader index S & P 500, meanwhile rose by 0,1 percent to 1 138.68 points. On the Nasdaq stock exchange, however, the main Nasdaq Composite index rose by 0.2% to 2 330.15 points, which is its highest level since early September 2008, technology companies are among the most profitable today, but those in the health sector is ranked among the top losers in the trade. The last session last week led to significant increases in the indexes after the data on the labor market showed that unemployment in the United States remains at a level of 9.7 percent for the second consecutive month in February, but the cuts in non-agricultural sectors of the economy fell more than expected. Trading last week was volatile because of the key data on employment in the sectors of U.S. economy and may continue to be volatile in coming days and because of scarce economic data.
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Recession, which is undergoing U.S. economy begins to affect the courts. This is evident by the huge number of cases brought this year, many of them one way or another connected with the economic crisis. Only in New York is expected to finish the year with a record in the history of 4,7 million cases, but many say is just beginning influx of claims, because trials generally come late to the crisis, reports New York Times. Information indicating that the majority of the cases are related disputes caused by the economic crisis. In the present case is not about processes which are considered bad debts or unpaid trade relations. In many cases, the cases are related to domestic violence caused by economic stress – loss of job or housing, says the material. Estimates are that cases of settling commercial disputes will rise by 9 percent from last year. Obvyavane processes of delinquent mortgage even increased by 17 percent. Meanwhile in New York area criminal cases increased by 7 per cent, and in less severe disorders has increased by 18 percent compared to last year. Evaluations of judges and lawyers suggest that such growth rates are typical for times of crisis, when even minor offenses such as theft in small increase due to the fact that many people lose their jobs. Therefore, a large part of criminal cases can also be attributed to cases arising from the crisis.
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