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US markets close up

29 October 2008 08:10 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. On Tuesday, New Yorkâ€™s Dow Jones index closed ahead 889.35 points, or 10.88% at 9065.12. The tech-based Nasdaq also closed up 9.53%, and the broader S&P 500 was ahead 10.79%.
Volatility has been the watchword over the past few weeks - out of 20 trading days there have been only two where the Dow did not close up or down by triple digits, BBC reports.
Shares of aircraft maker Boeing were up 15% to $48.91 after the manufacturer reached a provisional deal with its largest union to end a strike and end losses put at $100m a day.
Earlier on Tuesday, in London, the FTSE closed up 73.79 points, or 1.9%, at 3,926.38 while in Paris the Cac 40 gained 47.57 points, or 1.6%, to end at 3,114.92.
Frankfurtâ€™s Dax rose 485.81 points, or 11.3%, to 4,823.45.

In Germany, the Dax was mainly boosted by Volkswagen, whose shares have soared since Porsche announced on Sunday that it had upped its VW stake. This has caused investors to scramble for the remaining VW shares in the market.
As a result, VW - Europeâ€™s largest carmaker - was the clear winner on the German index, finishing the day up 81.7% at 945 euros.