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Most stock markets rally

30 April 2009 10:12 (UTC +04:00)

Baku - APA-Economics. U.S. markets rose Wednesday despite a Commerce Department report that the gross domestic product fell sharply in the first quarter, UPÄ° reported.
The 6.1 percent decline followed a 6.3 percent fall in the fourth quarter and marked the third consecutive quarterly drop in the nation’s output of goods and services.
Investors shook off the report, however.
By close, the Dow Jones industrial average gained 168.78 points or 2.11 percent to 8,185.73. The Standard & Poor’s 500 rose 18.48 or 2.16 percent to 873.64. The Nasdaq composite index gained 38.13 or 2.28 percent to 1,711.94.
On the New York Stock Exchange, 2,560 stocks advanced and 484 declined on a volume of 5.5 billion shares traded.
The benchmark 10-year U.S. Treasury bond fell 26/32 to yield 3.1 percent.
The euro rose to $1.3268, compared to Tuesday’s $1.3144. Against the Japanese yen, the dollar rose to 97.7 yen, compared to Tuesday’s 96.44 yen.
In Tokyo, the Nikkei average lost 232.57 points to 8,493.77, off 2.67 percent.
In London, the FTSE 100 index gained 93.19 points, 2.27 percent, to 4,189.59.