U.S. stocks for the second consecutive trading day up

U.S. stocks Wednesday after severe vibration, closing the second consecutive trading days up. U.S. data showed a massive growth in mortgage refinancing, which will give financial and non-essential consumer goods up the plate to provide power. The Dow rose 2.1 percent, the Nasdaq rose 2.9 percent, the Standard & Poor's 500 index rose 2.6 percent. "The Wall Street Journal" reported that the Ministry of Finance is considering the development of a lower interest rate mortgage scheme, or a new mortgage rates fell to 4.5 percent, the news is also encouraging investors. Miller Tabak & Co. Bond market strategist Tony - Shen Qi Clayton (Tony Crescenzi) pointed out that "When Obama took office in January after the U.S. government is likely to introduce more measures to stimulate the housing market, the financial Obama Stimulus plan will include measures to encourage people to buy a house. U.S. Mortgage Bankers Association (Mortgage Bankers Association) survey released Wednesday showed that due to a decline in interest rates to attract lenders competing for loans, the United States last week, mortgage applications increased 112.1 percent over Central. Wednesday's release based on the ADP employment index of the United States, the United States in November the number of unemployed people in the private sector up to 250,000 people for the past seven years the number of unemployed up to one month. U.S. well-known professional advisory company Challenger Gray & Christmas survey also showed that by Citigroup (C) and other large-scale downsizing of the bank, in November announced that American companies to reduce the number as high as 181,671, a nearly seven years A new high. The Institute for Supply Management survey released Wednesday showed that in November the U.S. non-manufacturing activity shrunk dramatically, and the rate of contraction of the most ever hit. New York's main oil futures contract in support of inventory data rebound once, but closed down slightly. Shortly after the U.S. government released data showed crude oil inventories last week's unexpected decline. Wednesday, New York, oil prices fell 0.4 percent to close at 46.79 U.S. dollars. European stock markets Wednesday Xianyihouyang, medicine and telecommunications sector that drove the stock market bottomed back up the main driving force. Britain and the market generally expects the European Central Bank will cut interest rates tomorrow. As of the close (5:00 am Beijing time), the Dow Jones Industrial Average rose 172.60 points to close at 8591.69 points, or 2.05 percent. Citigroup rose 8.3 percent, Bank of America rose 7.1%, JP Morgan rose 6.0 percent. Alcoa fell 5.0 percent. Standard & Poor's 500 index rose 21.93 points to close at 870.74 points, or 2.58 percent. Standard & Poor's 10 industry sector, financial services, consumer discretionary and information technology sector led. The Nasdaq composite index rose 42.58 points to close at 1492.38 points, or 2.94 percent. Marvell Technology Group Ltd. (MRVL) soared 20.4 percent, the chip maker last quarter results were better than Wall Street expected. New York Stock Exchange volume was 1.5 billion shares, the shares rose more than 2 to 1 ahead of the stock fell. Nasdaq volume was 10 million shares, the shares rose more than 8 to 5 on the leading shares fell. BlackBerry maker Research In Motion rose 4.4 percent, the company lowered its third-quarter earnings per share and revenue expectations. Its rival Palm Inc. (PALM) yesterday also issued a similar warning, which fell 16.8 percent. Thornburg Mortgage Inc. (TMA) said that as a result of share price has fallen below the bottom line of 1 U.S. dollars, the company's shares have been ordered to suspend business for the New York Stock Exchange. Mortgage Bankers Association weekly report showed a decline in interest rates as a result of the last surge in mortgage applications. ADP national employment report of the index in November the private sector in the United States lost a total of 250,000 jobs, decline in the past seven years is the highest. Craven said Shen Qi, "ADP data so that investors will be more acceptable to the Friday release of the employment report may be bad." Harris Private Bank chief investment officer pointed out, "ADP report every month this year, underestimated the loss of jobs." The Labor Department report on the productivity of American workers in the third quarter slightly higher than previously published data. The Institute for Supply Management said that in November the U.S. service sector index fell to 37.3, fell to a record high. Action Economics analyst pointed out that "American families and businesses are quick to leverage, as the bank over the past year has done similar. These acts of expenditures and output a tremendous impact."