Bourse

Home page

Bourse

US market indices rise while European indices drop

29 May 2009 07:28 (UTC +04:00)

Baku- APA-Economics. Energy stocks have risen on the back of higher oil prices and there has been a better than expected auction of US Treasury notes.
The Dow rose 103.78, or 1.3 percent, to 8,403.80. The S&P 500 index rose 13.77, or 1.5 percent, to 906.83, and the Nasdaq composite index advanced 20.71, or 1.2 percent, to 1,751.79.
The day’s gains returned the S&P 500 index to the black for the year after sliding on Wednesday. The Dow is down 4.3 percent in 2009, while the Nasdaq is up 11.1 percent.
In other trading Thursday, the Russell 2000 index of smaller companies rose 2.35, or 0.5 percent, to 492.21.
About two stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume came to 5.6 billion shares, compared with 5.5 billion shares Wednesday.
The dollar was mixed against other major currencies. Gold prices rose.
Overseas, Britain’s FTSE 100 fell 0.7 percent, Germany’s DAX index fell 1.4 percent, and France’s CAC-40 slid 0.8 percent. Japan’s Nikkei stock average edged up 0.1 percent. AP