US stocks continue to fly and support comes from crude oil and investor confidence

US stocks rose at the start of trading on Friday to continue the positive performance after the expansion of confidence among investors in the financial markets about the future of the global economy after the European Central Bank resorted to expand the stimulus programs it has.

Confidence returned to the increase in the hearts of investors that global central banks will follow the example of the European Central Bank to save the current slowdown in growth rates in the global economy as well as the deterioration of inflation as a result of lower crude oil prices. The European Central Bank yesterday cut interest rates of all kinds in addition to increasing stimulus program to buy bonds to be worth 80 billion euros a month, which reflected positively on the global stock indices . On the other hand, the fact that many of the expectations the world's central banks to inject more stimulus from increased demand for the stock because it will reflect positively on the expansion of the circle of investors to invest in the stock markets. This has helped the surge in crude oil prices ,

which today recorded the highest level in 13 months on the support of US stocks after support for the shares of US companies operating in the crude oil and energy. The Dow Jones industrial average US stock index saw a rise of 0.96 % to 162.54 points, winning at the level of 17,157.67 points, while the Standard & Poor's 500 index rose 0.93% to 18.55 points win at the level of 2008.12 points. The Nasdaq index of technology shares rose 0.97 % to 45.15 points win at the level of 4707.31 points.