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US market indices finish higher last week

15 September 2008 10:23 (UTC +04:00)

Baku. Vugar Mustafayev - APA-Economics. The Dow fell 11.72, or 0.10 percent, to 11,421.99, after falling more than 150 points in the early going.
Broader stock indicators also came well off their lows. The Standard & Poorâ€™s 500 index rose 2.65, or 0.21 percent, to 1,251.70, and the Nasdaq composite index rose 3.05, or 0.14 percent, 2,261.27.
The Dow finished the week up 1.79 percent; the S&P finished up 0.76 percent; and the Nasdaq ended up 0.24 percent.
Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.73 percent from 3.64 percent late Thursday. The dollar was mixed against other major currencies, while gold prices rose.
Light, sweet crude rose 31 cents to settle at $101.18 a barrel on the New York Mercantile Exchange after briefly crossing below the $100 mark for the first time in five months. Investors tracked Hurricane Ike, which churned across the Gulf of Mexico toward the Texas coast and refining and drilling operations in the region.
Worries about risky debt have been hitting other financial stocks this week. American International Group Inc. fell $5.41 on Friday, or more than 30 percent, to $12.14, making it by far the biggest decliner among the 30 stocks that make up the Dow Jones industrial average.
Ford Motor Co. rose 23 cents, or 4.9 percent, to $4.91, while Dow component General Motors Corp. rose 26 cents, or 2 percent, to $13.01. A Goldman Sachs analyst wrote to in a note to clients that "it is more likely than not" that a loan program for automakers could receive at least partial funding before Congress adjourns this fall.
The Russell 2000 index of smaller companies rose 1.26 or 0.18 percent, to 720.26.
Overseas, Japanâ€™s Nikkei stock average rose 0.93 percent. Britainâ€™s FTSE 100 rose 1.85 percent, Germanyâ€™s DAX index added 0.91 percent, and Franceâ€™s CAC-40 climbed 1.97 percent.