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US markets mixed last week

27 April 2009 07:25 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Investors set aside some of their worries about banks and the economy Friday after the government unveiled its methods for testing the health of banks, AP reported.
The Federal Reserve report was light on details, but didn’t bring any bad news. Investors were also pleased about quarterly results from Ford Motor Co., American Express Co. and Microsoft Corp.
The Dow rose 119.23, or 1.5 percent, to 8,076.29, after rising by as many as 170 points.
Broader market measures also advanced. The Standard & Poor’s 500 index rose 14.31, or 1.7 percent, to 866.23, and the Nasdaq composite index rose 42.08, or 2.6 percent, to 1,694.29.
For the week, the Dow slipped 0.7 percent, the S&P 500 dipped 0.4 percent, and the Nasdaq rose 1.3 percent.
Bond prices fell, pushing the yield on the 10-year Treasury note up to 2.99 percent from 2.93 percent late Thursday.
The dollar was mostly lower against other major currencies, while gold prices rose. Light, sweet crude jumped $1.93 to $51.55 a barrel even as supplies remain plentiful.
Overseas, Britain’s FTSE 100 closed up 3.4 percent as U.S. markets rallied. Germany’s DAX index rose 3 percent, and France’s CAC-40 rose 3.1 percent. Japan’s Nikkei stock average fell 1.6 percent.