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US market indices up

11 September 2008 09:13 (UTC +04:00)

Baku. Vugar Mustafayev - APA-Economics. Stocks rose on Wednesday, a day after a steep selloff, as investors devoted attention to Lehman Brothers announcing it is trying to sell a majority stake in its prized investment management arm, and spin off a real estate unit.
The Dow Jones Industrial Average lifted 38.19 points, or 0.34 per cent to settle at 11,268.92, while the broader Standard & Poorâ€™s 500 gained 7.53 points, or 0.61 per cent to 1,232.04.
The NASDAQ rose 18.89 points, or 0.85 per cent, to 2,228.7.
Europeâ€™s main stock markets fell as oil rebounded above $US100 after OPEC decided to cut crude production, but Wall Street managed to lift after ailing US investment bank Lehman Brothers unveiled huge writedowns.
In London, the FTSE 100 index finished down 49.4 points, or 0.91 per cent, at 5,366.2. Germanyâ€™s DAX 30 lost 23.09 points, or 0.37 per cent, to 6,210.32. Franceâ€™s CAC 40 gave up 9.68 points, or 0.23 per cent, to 4,283.66. Japanese stocks slipped 0.44 per cent on Wednesday as investors remained on tenterhooks over Lehman Brothers. The Tokyo Stock Exchangeâ€™s benchmark Nikkei 225 index fell 54.02 points, or 0.44 per cent to close at 12,346.63.