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Market indices move up

14 October 2008 09:53 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow Jones Industrial Average jumped 936.42 points or 11.08 percent to 9,387.61, breaking an eight-session losing streak.
It was the blue-chip Dow’s biggest points gain on record and its sharpest percentage rise since 1933 during the Great Depression.
On March 15, 1933 the Dow soared a 15.34 percent, its all-time record percentage gain.
Last week the Dow had plunged 18 percent in its steepest one-week decline, as markets around the world plunged on fears that financial turmoil was spinning out of control and could trigger a global recession.
The tech-heavy Nasdaq jumped 194.74 points (11.81 percent) to close at 1,844.25, while the broad Standard & Poor’s 500 index advanced a whopping 104.11 points (11.58 percent) to 1,003.35.
Most European markets ended with double-digit increases. Hong Kong surged 10 percent in earlier Asian trade; Tokyo was shuttered for a holiday.
The London FTSE 100 index of leading shares jumped 8.26 percent to close at 4,256.90 points while in Paris the CAC 40 rose 11.18 percent -- its largest ever one-day gain -- to 3,531.50. The Frankfurt Dax soared 11.40 percent to 5,062.45.