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US markets end high last week

20 April 2009 09:25 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Stocks ended another winning week with a slender advance Friday as earnings from Citigroup Inc. and General Electric Co. came in ahead of the market’s meager expectations.
Stocks fluctuated for much of Friday to end with slight gains. The Dow Jones industrial average rose 5.90, or 0.1 percent, to 8,131.33.
The Standard & Poor’s 500 index added 4.30, or 0.5 percent, to 869.60, while the Nasdaq composite index rose 2.63, or 0.2 percent, to 1,673.07.
For the week, the Dow is up 48 points, or 0.6 percent, giving the average six straight up weeks. That’s the longest streak since it rose for seven straight weeks in the period ended May 18, 2007.
The S&P 500 index posted a gain for the week of 1.5 percent. The Nasdaq is up 1.2 percent for the week and 6 percent for the year.
In other trading, the Russell 2000 index of smaller companies rose 5.49, or 1.2 percent, to 479.37.
About two stocks rose for every one that fell on the New York Stock Exchange, where volume came to 7.1 billion shares, compared with 6.43 billion Thursday.
Bond prices dipped, sending the yield on the 10-year Treasury note up to 2.95 percent from 2.83 percent.
Light, sweet crude added 35 cents to settle at $50.33 a barrel on the New York Mercantile Exchange.
Overseas, Britain’s FTSE 100 rose 1.0 percent, Germany’s DAX index gained 1.5 percent, and France’s CAC-40 rose 1.8 percent. Japan’s Nikkei stock average rose 1.7 percent.