Wall Street is poised for a four-year high-Reuters

 

August 20, 2012 is a trader on the New York Stock Exchange, operates on the floor.

Credit: Reuters/Brendan McDermid

New York | Tue Aug 21, 2012 at 8: 19 am EDT

New York (Reuters)-Wall Street rose higher on Tuesday with the stock index futures turned higher stock market continued steadily four years another run higher Central Bank to stimulate their economy will work in the near future. the grind in the hope

S & P 500 has climbed nearly 3 percent so far in August. That's a lot of profit for a few small incremental gains in the other, the oversize while watching. Volume is expected to next month's meeting of the Central Bank in Europe's debt crisis mitigation policy and take action to boost the economy, investors have been waiting for the light.

"Negative look on the front of the market, no headlines absorbers passion another milestone," Andre Bakhos, Director of market analysis at the securities from New York. "That could be easily accomplished today."

Euro crisis is the decline in the main factor behind the rise in stocks perceived risk. Rate of return on short-term debt auctions Spain European collapsed on Tuesday for the VSTOXX volatility index.V2TX risk appetite of investors for a one-month low and steady rising signal.

S & P 500 was April 4, intraday high to enable, you must pass this year's high of 1, 422.38. 2008-05-take the index again.

S & P 500 futures rose 2.6 points and fair value, account interest rates, dividends and time to expiration of the contract, a formula that evaluates pricing by taking more. The Dow Jones industrial average futures rose 24 points, and NASDAQ 100 Futures added 8 points.

European stocks rise, so that Spain and Italy began a four-week rally alive soon bought bonds, investors bet lower their borrowing costs to keep the European Central Bank. FTSEurofirst 300.F t e u 3 rose 0.2%. .EU

Facebook Inc (FB.O) Director Peter Thiel sold 400 million dollars worth of Internet social networking company's shares last week to withdraw most of his stake. Facebook share is 50% of their value since IPO earlier this year lost sales. The stock is $ 19.85 premarket trading fell 0.9% for in.

The Chief Executive of Apple Inc (AAPL.O Co Ltd (005930.KS)) and Samsung, but did not settle between two electronics companies talk about high-stakes patent disputes said in court on Monday, a lawyer for the Samsung.

Chief Executive Vikram Pandit, Citigroup (), and the idea of a big Bank is split, the Financial Times reported on Tuesday that was rejected. A collection of travelers such as Pandit, Citi in 1998 and went back to banking, the default already in most transactions in units were sold through the merger.

Global buyout funds, KKR & Co LP (KKR.N I bet People's Republic of China's 38 billion dollar) has placed the clothing retail market will get the youth is a privately held company with a stake in the retailer Novo Holdco horses for $ 300,000.

United States stocks closed flat on Monday, the European Central Bank, which is after running the report quashed six weeks of rising strategy available market intervention to stem debt crisis in the region.

(Edward Krudy; edited by Chizu Nomiyama as reported by)