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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 A look at how the Indian ADRs performed:
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sensex may touch 11000 in jan`2009
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