Published on Tue, Nov 10, 2009 at 08:01 | Source : Moneycontrol.com
Updated at Tue, Nov 10, 2009 at 08:54
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US markets rally 2%; Dow at 13-month high
The Dow added 203.52 points, or 2%, to 10,226.94. The S&P 500 index rose 23.78 points, or 2.2%, to 1,093.08. The Nasdaq Composite Index rose 41.62 points, or 2%, to 2,154.06.
The US markets rallied on Monday as a pledge by the finance ministers and central bankers from the G-20 nations to keep stimulus in place spurred investors' appetite for risk. Also Read - How ADRs performed
The Dow added 203.52 points, or 2%, to 10,226.94, a new 2009 high. The S&P 500 index rose 23.78 points, or 2.2%, to 1,093.08. The Nasdaq Composite Index rose 41.62 points, or 2%, to 2,154.06.
Crude prices rose more than 2% to trade above USD 79 after Hurricane Ida entered the gulf of Mexico, forcing BP and Chevron to cut output.
Gold futures climbed to a record for the second straight session on dollar weakness. Gold is currently trading above 1100 dollars.
In the Forex market, the dollar fell to a 15-month low against a basket of major currencies and the euro rose above 1.50. The dollar index dropped more than a percent to currently trade below the 75 mark. The gauge touched 74.93, the lowest level since august 2008.
