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Moneycontrol India :: News :: Wall Street surges; Dow up 256 points :: Infosys Technologies :: International Markets :: US, Wall Street, Nasdaq, S&P 500, Dow,Infosys,Satyam Computer,Wipro,ICICI Bank,HDFC Bank,MTNL,VSNL,Dr Reddy's Lab,Tata Motors,
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Wall Street surges; Dow up 256 points
2008-04-17 08:39:38 Source : moneycontrol.com
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Wall Street finished at their highs for the day as investors cheered the latest round of earnings, which included Intel and JP Morgan. JP Morgan was the biggest gainer at 6%. Inspite of a 50% drop in profits it still beat street expectations.

Intel posted its biggest gain since January. It also met expectations which boosted other tech stocks.

In economic news, nine of 12 Federal Reserve branches reported signs of economic weakening in their respective regions. Consumer prices rose 0.3% in March.

Housing starts fell 11.9 percent last month, while building permits slipped 5.8 percent. Industrial production unexpectedly rebounded in March, climbing 0.3 percent.

Dow gained 256 points to close at 12,619. The Nasdaq shut 64 points higher at 2,350. While the S&P 500 gained 30 points to finally shut shop at 1,364.

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

40.88
4.64
9.24
24.6
11.93
41.91
103.02
5.15
24.50
15.32
15.57
13.54
21.00

Change
1.21
0.07
-0.05
0.03
0.34
1.69
4.97
0.12
0.67
0.06
-0.02
0.79
0.75

Change%

3.05%
1.53%
-0.54%
0.12%
2.93%
4.20%
5.07%
2.39%
2.81%
0.39%
-0.13%
6.20%
3.70%

Volume
5,219,411
173,187
35,355
2,295,652
555,333
2,193,700
658,628
97,579
95,425
192,671
907,992
55,405
877,049

High
41.13
4.78
9.5
25.23
12
41.95
103.15
5.19
24.5
15.47
15.65
13.65
21.24

Low
40.04
4.54
8.97
24.53
11.81
40.55
97.01
5.08
23.94
15.09
15.25
12.99
20.44


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