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Wall St ends with moderate gain; Dow up 4 pts
Published on Thu, Jun 26, 2008 at 08:14 , Updated at Thu, Jun 26, 2008 at 09:12
Source : moneycontrol.com
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The US markets ended on a positive note after some volatile action following the Fed's decision to interest rates unchanged. A drop in oil prices and modestly encouraging economic reports helped prop up the market. In stock specific moves, Oracle shares rose 1.5% after it beat earnings and sales forecasts as new software-license revenue climbed 27%. However, Countrywide Financial closed 1.7% lower as shareholders approved the takeover by Bank of America. The Dow Jones industrial average advanced 4.40 points, or 0.04%, to 11,811.83. The Standard & Poor's 500 index gained 7.68 points, or 0.58%, to 1,321.97, and the Nasdaq composite index was up 32.98 points, or 1.39%, to 2,401.26. A look at how the Indian ADRs performed:
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