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US mkts end with moderate gain; Dow up 41 points

Published on Tue, May 20, 2008 at 08:19 , Updated at Tue, May 20, 2008 at 08:47
Source : moneycontrol.com

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US markets ended the day nearly unchanged following a late-day sell-off. Weakness in techs, retail and housing prompted traders to lock in some profits.

Crude trading above record $ 127 per barrel, lifted shares of Exxon Mobil Corp nearly 2%. Higher oil prices also boosted coal companies, which analysts said stand to benefit from businesses looking for cheaper, alternative fuels.

Financials were mostly weaker after Citigroup analysts again slashed their outlooks for Wall Street investment firms including Goldman Sachs, Morgan Stanley and Lehman Brothers.

Home-improvement retailers skidded after Lowe's beat earnings expectations but issued a cautious outlook for the rest of the year. Shares dropped 2.6%.

The Dow gained 41.36 points, or 0.32%, to 13,028.16. The S&P 500 rose 1.28 points, or 0.09%, to 1,426.63, and Nasdaq composite index was down 12.76 points, or 0.50%, to 2,516.09.

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

45.51
4.93
8.84
26.34
13.42
44.49
109.26
5.08
24.2
15.2
15.96
13.41
22.43

Change
-0.50
0.06
0.19
-0.07
0.15
0.03
1.21
0.03
0.34
-0.02
-0.06
-0.07
0.61

Change%

-1.09%
1.23%
2.20%
-0.27%
1.13%
0.07%
1.12%
0.59%
1.42%
-0.13%
-0.37%
-0.52%
2.80%

Volume
1,277,016
82,515
106,934
748,793
390,705
1,955,355
416,424
293,762
57,465
289,486
614,681
23,195
2,152,603

High
46.23
5.04
9.14
26.85
13.63
45.28
111.25
5.19
24.74
15.47
16.15
13.62
23.00

Low
45.30
4.83
8.56
26.08
13.05
44.23
108.00
5.05
23.82
15.14
15.88
13.40
22.04



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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