Dow Jones rises 1%, S&P 500 0.8%, Nasdaq 1.1%

Dow Jones rises 1%, S&P 500 0.8%, Nasdaq 1.1%
# 26 July 2010 08:58 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The Dow Jones Industrial Average rose 1% to end at 10,425, S&P 500 – 0.8% to 1 103, Nasdaq – 1.1% to 2 269. According to APA-Economics, US stock market jumped due to conclusion of European banks’ so-called stress-tests and positive reports of US companies.

The stress-tests results caused tendency of growth in the European stock markets as well. FTSE 100 rose 0.1% to 5 313, France CAC-40 – 0.2% to 3 607, Germany DAX – 0.4% to 6 166.

On July 23, NYMEX August futures for gold delivery fell 0.7% to $1 187,8.

Euro-USD Exchange rate was 1, 2937 (+0.3%) in the world market.
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