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Wall Street ends higher; Dow up 152 points
Published on Wed, Jul 09 at 08:16 , Updated at Wed, Jul 09 at 09:47
Source : moneycontrol.com
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US markets had another wild trading day of ups and downs but stocks ran to the finish line and pulled off a decent gain. Banks and technology stocks led the rally. Fannie Mae and Merrill Lynch bounced back sharply. In US economic news, existing-home sales dropped 4.7% in May. Wholesale inventories rose 0.8% in May. Consumer credit rose by a larger-than-expected $7.78 billion in May. Crude prices plunged USD 5.33 to settle at USD 136.04 a barrel on the NYMEX. The Dow gained 152.25 points, or 1.36%, to 11,383.21. The S&P 500 advanced 21.39 points, or 1.71%, to 1,273.70, while the Nasdaq composite index added 51.10 points, or 2.28%, to 2,294.42. A look at how the Indian ADRs performed:
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Citi Investment sees a steady erosion in commodity prices
Yes, Thats true. There is no point in making or investing in crude from time to time so that prices will move up & ...
in Other Market Topics - Guest at 21-Aug-08 01:09
Citi Investment sees a steady erosion in commodity prices
Crude is now almost at USD 116 per barrel. Alan Heap, Managing Director & Global Commodity at Citi Investment Resea...
in Other Market Topics - MMB Messenger at 21-Aug-08 01:09
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