Dow Jones ends up for 7th consecutive session
The Dow Jones Industrial Average rose 72 points at 12,233. The Nasdaq Composite was up 13 points at 2,797 and the S&P 500 Index was up 5.5 points at 1,324.
February 09, 2011 / 08:38 IST
By Varinder Bansal, Research Analyst at CNBC-TV18
The Dow Jones Industrial Average ended up for a seventh-consecutive session, shrugged off China's latest interest rate hike.China raised one-year lending and deposit rates by 25 bps each. Alert: Chinese markets open today after a week.The Dow Jones Industrial Average rose 72 points at 12,233. The Nasdaq Composite was up 13 points at 2,797 and the S&P 500 Index was up 5.5 points at 1,324.US Advancing Sectors: Consumer Discretionary was up 1.2%, Financials went up 0.7%, Industrials gained 0.7%NYSE total volume was at 885 million, lowest for 2011 and the fifth straight session where volumes below 1 billion shares.European markets ended higher. CAC was up 0.43%, DAX up 0.54% and FTSE up 0.67%.CBOE VIX was down 2.9% at 15.81.Asian markets opened marginally lower; Kospi, Taiwan, Shanghai and Strait Times were down 0.5% each. However, Hang Seng gained 0.2%. SGX Nifty was down 0.4%.CurrenciesDollar was down 16 bps versus Euro at 1.3636Yen fell 5 bps versus USD at 82.32 CommoditiesMarch crude oil contract was down 0.6% at USD 86.94/barrelMarch natural gas contract fell 1.6% at USD 4.04 per MMBtu, fourth consecutive declineMarch silver went up 3.1% at USD 30.27/ounce, best levels in over a monthApril gold contract gained 1.2% at USD 1364.1/ounce, best levels in over two weeksMay Sugar was down 4.1%. Data to watchWeekly mortgage applications, oil inventories, Bernanke testifies before US House, Fannie/Freddie reform hearing, Moody
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