US stocks rally after investors feel confident

US stocks rally after investors feel confident
# 07 May 2009 09:35 (UTC +04:00)
Baku– APA-Economics. Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies, AP reported.
The Dow rose 101.63, or 1.2 percent, to 8,512.28. The blue chips closed above the 8,500 mark for the first time since Jan. 9, leaving the Dow down only 3 percent for 2009.
The Standard & Poor’s 500 index rose 15.73, or 1.7 percent, to 919.53. The gains pushed the index higher for the year after a rally on Monday helped erase the last of its losses from 2009.
The Nasdaq rose 4.98, or 0.3 percent, to 1,759.10.
Bonds were little changed, with the yield on the benchmark 10-year Treasury note at 3.16 percent versus 3.17 percent late Tuesday.
The dollar was mixed against other major currencies, while gold prices rose.
Overseas, Britain’s FTSE 100 rose 1.4 percent, Germany’s DAX index rose 0.6 percent, and France’s CAC-40 rose 1.8 percent. Markets in Japan were closed for a holiday.
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