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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Wall Street ends higher; Dow up 151 points
In US markets, stocks pulled off a final-hour rally, boosted by a better-than-expected forecast from Hewlett-Packar...
in Other Market Topics - MMB Messenger at 19-Nov-08 10:07
Economists say recession is on.
The larger than expected fall heightened expectations of a substantial cut in Britain`s 3.0 percent interest rate n...
in Other Market Topics - sambala at 19-Nov-08 02:34
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