SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets rose on encouraging economic reports

US markets rose on encouraging economic reports

28 Jun 2012 Evaluate

The US markets rose for the second day in a row on Wednesday, after durable goods orders rose for the first time since February and pending home sales increased. The orders for goods that are expected to last at least three years increased 1.1% in May, the first gain since February according a government report. The orders increased after a revised 0.2% drop in April. For the year to the month, orders declined 6.8% in the first four months and though the orders improved in May the trend for consumer spending is still soft. Besides, pending home sales increased 5.9% in May after falling 5.5% in April according to the industry association. Housing market appears to be in a slow recovery mode and pending sales increased 15.3% in May after rising 14.7% in April. Contracts of home sales across the nation and were led by 14.5% surge in the West.

In Europe, the pressure on European leaders intensified as Spain slides closer to a bailout as the recession deepens and government faces unsustainable cost of debt refinancing. The Spain’s Prime Minister Mariano Rajoy warned that the nation cannot finance government debt for a long time at prices like those that they are now paying in a speech to Parliament. Spain is likely to force to accept a bailout in the next few months as bond markets exact interest rates that the government cannot afford to pay. Spanish economy is two times larger than the combined economies of Ireland, Greece and Portugal but the calls for the pooling of member nations debt in the shape of eurozone bonds to quickly relieve market pressure has met stiff resistance from German Chancellor Angela Merkel.

The Dow Jones Industrial Average closed higher by 92.34 points or 0.74%, at 12,627.00. The S&P 500 finished the day up by 11.86, or 0.90%, to 1,331.85 while the Nasdaq closed up by 21.26 points or 0.74%, to 2,875.32.

The Indian ADRs closed mostly in green; ICICI Bank was up 0.69%, Infosys was up by 0.69% and Dr. Reddy’s Lab was up 0.30%. On the flip side, Tata Motors was down 0.23% and Tata Communications was down 0.12%.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×