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US markets end higher

Published on Fri, May 09, 2008 at 09:42 , Updated at Fri, May 09, 2008 at 10:23
Source : CNBC-TV18

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CNBC's Mary Thompson - It was an up day on Wall Street as strength in energy and mining stocks offset another weak day for financials. The Dow rose 52 points, the S&P added 5 and the Nasdaq finished up almost 13.

Energy stocks rallied as crude oil climbed to yet another record close in the New York session, well early weakness in the dollar send gold and gold stocks higher. Miners and metal stocks were amongst Thursday’s best performers with the aluminium giant Alcoa leading the Dow higher, it finished with a 4% gain.

Financial stocks extended their losses from Wednesday.

Wall Street Action:

  • Dow up 52 pts, S&P 500 adds 5 pts and Nasdaq gains almost 13 pts
  • Energy stocks rise as crude climbs to a record high
  • Early weakness in dollar sends gold and gold stocks higher
  • Miners and metal stocks best performers in the session
  • Financial stocks extend their losses from Wednesday

Messages on Other Market Topics

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Other comments

All that money you`ve lost — where did it go?

continued.... Jorgenson says no — the amount of wealth in the world "simply decreases in a situation like this."...

in Other Market Topics - my_money at 13-Oct-08 08:47

All that money you`ve lost — where did it go?

Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid ...

in Other Market Topics - my_money at 13-Oct-08 08:46

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