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US markets rally

17 April 2009 12:27 (UTC +04:00)

Baku. Vahab Rzayev - APA-ECONOMICS. Stocks edged higher Thursday afternoon following some good surprises from earnings reports, but mixed news on the economy held the gains in check, AP reported.
Broader stock indicators outpaced the Dow. The Standard & Poor’s 500 index rose 2.23, or 0.3 percent, to 854.29, and the Nasdaq composite index rose 17.82, or 1.1 percent, to 1,644.62.
The Russell 2000 index of smaller companies rose 2.73, or 0.6 percent, to 463.86.
Meanwhile, bond prices fell, pushing the yield on the 10-year Treasury note up to 2.82 percent from 2.77 percent late Wednesday.
The dollar rose against other major currencies, while gold prices fell.
Overseas, Japan’s Nikkei stock average rose 0.1 percent. Britain’s FTSE 100 rose 2.1 percent, Germany’s DAX index gained 1.3 percent, and France’s CAC-40 rose 1.8 percent.