Published on Thu, Apr 02, 2009 at 08:50 | Source : Moneycontrol.com
Updated at Thu, Apr 02, 2009 at 10:55
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US markets end higher
Stocks ending on the upside for a second day in a row, the Dow gained 152 points, the S&P 500 was up more than 13 points and the Nasdaq was higher by more than 23 points.
CNBC's Rebecca Jarvis - Stocks ending on the upside for a second day in a row, the Dow gained 152 points, the S&P 500 was up more than 13 points and the Nasdaq was higher by more than 23 points.
A report on private sector job showed the economy shed 742,000 jobs in February and that was more than 70,000 above expectations and the news comes two days before the government releases its monthly job loss figures.
Another big slump for the auto sales. General Motors said sales were down 45% from a year ago while Ford recorded a 41% drop in sales. While Chrysler, Toyota, Honda, Nissan also reported lower sales numbers.
Oil settled around USD 48/bbl today after losing more than a dollar of inventories unexpectedly rose and a bright spot in the economic news came from the housing sector, the National Association of Realtors reported a surprise 2% increase in pending home sales last month.
