VANCOUVER, BC (May 31, 2011) Dominion Lending Centres Clearlease Reports May 31, 2011 traders expressed optimism about further financial assistance for Greece. The major averages all showed strong upward moves, adding to the gains posted in the three previous sessions.
The early strength on Wall Street comes amid reports regarding the likelihood of another round of financial aid for Greece, which has been struggling to deal with its massive debt burden.
Peter Boockvar, equity strategist at Miller Tabak, said, “There are no firm agreements but it’s clear from the rhetoric from Germany, the most vocal critic of the bailouts, that another round of funding (60b euros more over 2 years) will come Greece’s way with further strings attached.”
Meanwhile, traders have largely shrugged off the release of a report from Standard & Poor’s showing a bigger than expected drop in home prices in the month of March.
The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index fell by an annual rate of 3.6 percent in March compared to a 3.3 percent drop in February. Economists had been expecting prices to decrease by about 3.4 percent.
Energy stocks have helped lead to the way higher in early trading, benefiting from a sharp increase by the price of crude oil. Crude for July delivery has surged up $2.53 to $103.12 a barrel due in part to some weakness in the value of the U.S. dollar.
The markets have also benefited from early strength among technology stocks, with semiconductor, electronic storage, and software stocks posting notable gains. Most of the other major sectors have also moved to the upside.
While the major averages have not seen much follow-through on their initial upward moves, they remain firmly positive. The Dow is up 119.51 points or 1 percent at 12,561.09, the Nasdaq is up 28.73 points or 1 percent at 2,825.59 and the S&P 500 is up 12.51 points or 0.9 percent at 1,343.61.
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About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
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Video Link: http://youtu.be/f_kk7WJa7Uk