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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 Sterlite Ind |
Symbol SLT |
Price 40.88 |
Change |
Change% 3.05% |
Volume |
High |
Low |
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