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US major indices mixed

24 October 2008 10:19 (UTC +04:00)

Baku. Vugar Mustafayev â€“ APA-Economics. The Dow Jones industrial average rose 172.04 points, or 2.02%, to 8,691.25.
Standard & Poorâ€™s 500 Index gained 11.33 points, or 1.26%, to 908.11. However, the Nasdaq Composite Index, however, was down 11.84 points, or 0.73%, at 1,603.91 - a five-year low.
While the major indexes were mixed, declining issues outnumbered advancers by about 5 to 3 on the New York Stock Exchange, where consolidated volume came to 7.05 billion shares compared with 6.60 billion shares traded Wednesday.
The credit markets again showed signs of easing after locking up when Lehman Brothers Holdings Inc. declared bankruptcy in mid-September.
Energy shares climbed on expectations that OPEC will agree to cut output at an emergency meeting on Friday.
European stocks fell 0.5% in choppy trade on Thursday amid more falls in the banking and automobile sectors.
The FTSEurofirst 300 index of top European shares ended 0.1% lower at 872.72 points.
Across Europe: Germanyâ€™s DAX was down 1.1% but Franceâ€™s CAC 40 was 0.4% higher.
In Britain, the FTSE 100 ended 46.94 points higher, or 1.2%, at 4,087.83 after a volatile session.