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US markets end higher on good economic reports

Published on Sat, Jul 26, 2008 at 08:17 , Updated at Sat, Jul 26, 2008 at 17:55
Source : moneycontrol.com

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US markets pull off modest gains on better than expected economic reports and crude cools further to 123 dollars.

 

Better than expected reports of durables, new home sales and consumer sentiment eased concerns of economic slowdown.

 

The Dow closed up 21 points at 11,370 while the Nasdaq ended 30 points up at 2,310.  S&P 500 ended higher by 5.22 points at 1257.76.

 

For the third consecutive week, crude falling 1.8% to 123.30 dollars per barrel. Crude oil fell to a seven-week low as a report showed that OPEC is bolstering output to cut prices as the fuel consumption in the US and Asia drops.

A look at how the Indian ADRs performed:

Name
Infosys
Sify
Rediff.com India
Satyam
Wipro
ICICI
Bank
HDFC Bank
MTNL
Tata Comm
Dr Reddy's Lab
Tata Motors
Patni Computer

Sterlite Ind

Symbol
INFY
SIFY
REDF
SAY
WIT
IBN
HDB
MTE
TCL
RDY
TTM
PTI

SLT

Price

38.30
3.05
6.33
21.10
10.94
32.09
83.01
5.24
21.09
15.20
10.10
10.91
13.00

Change
0.44
-0.43
-0.11
0.29
0.14
-0.83
-1.36
0.34
0.04
0.27
0.07
-0.05
-0.80

Change%

1.16%
-12.36%
-1.71%
1.39%
1.30%
-2.52%
-1.61%
6.94%
0.19%
1.81%
0.70%
-0.46%
-5.80%

Volume
1,247,888
208,675
53,988
1,403,942
490,250
4,668,826
783,369
198,153
41,696
224,328
1,407,494
75,977
3,850,653

High
38.49
3.41
6.69
21.74
11.27
32.34
83.80
5.24
21.30
15.25
10.19
11.02
14.08

Low
37.80
3.00
6.13
20.84
10.72
31.19
81.08
4.91
20.26
14.90
9.74
10.66
12.90

Messages on Other Market Topics

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Continued SubPrime

From earlier part... 4. This was not an end. The lending Banks like CitiGroup, Wachovia, etc pooled the sub-prim...

in Other Market Topics - venkat_c at 11-Oct-08 01:59

US markets open red

Thanks. Of course 8500 sensex is just possible but not 3000 sensex....

in Other Market Topics - vkk43 at 11-Oct-08 06:44

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