Wall Street managed to close higher, in trading Wednesday (9/9/2009) local time, along with the Federal Reserve statement that the current world economy is beginning to stabilize. Movement of stocks and the financial sector dominated the industry gains.

Contiune trading floor of positive sentiments of the Federal Reserve reports on regional economic conditions, other than that the level of consumer purchasing power is also predicted to increase but only in car sales. This is in connection with government programs Cash for Clunkers.

“Investors were delighted with the statement by the Fed,” said Chief Investment Strategist Asset Management Advisors Matt Llyoid, as quoted by Reuters on Thursday (10/9/2009).

Shares of the industrial sector is the stock who scored the biggest gains, as investors predicted to high commodity prices which will affect the profit when the economy strengthened. Weak U.S. dollar exchange rate also makes the price of goods outside the U.S. will be cheaper.

Sentiment carried the Dow Jones index gained 49.88 points, or 0.53 percent equivalent to 9547.22. Meanwhile, the S & P 500 rose 7.98 points, or thin equivalent level of 0.78 percent to 1033.37 and the Nasdaq index rose 22.62 points, or 1.11 percent equivalent to 2060.39.