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US mkts hit 4-mth high as crude dips; Dow up 94 pts
Published on Fri, May 16 at 08:10 , Updated at Fri, May 16 at 09:03
Source : CNBC-TV18
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US markets rallied for a second day as traders found cause for optimism and technology stocks blazed the trail. General Motors, Intel and JP Morgan were among the top gainers. In economic news, industrial production fell 0.7 percent in April, while capacity utilization dropped to 79.7, the lowest reading since September 2005. Jobless claims rose by 6,000, slightly more than expected, last week. The Dow Jones ended 94 points higher at 12992, the Nasdaq shut shop at 2534, up 37 points. The S&P 500 closed 15 points higher at 1,424. A look at how the Indian ADRs performed:
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