Bourse

Home page

Bourse

US markets rally on election day

05 November 2008 08:16 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. U.S. stocks rallied more than 3% on an election day.
Dow Jones Industrial Average surged 305.45 or 3.3% to a close of 9,625.28, S&P 500 Index closed up 39.42 or 4.1% to 1,005.72, and Nasdaq Composite Index increased 53.79 or 3.12% to close at 1,780.12.
Of the 30 stocks in Dow Jones Industrial Average 29 closed higher, 1 fell and none was unchanged.
General Electric led gainers in the Dow Jones Industrial Average with a rise of 8.5% followed by gains in Caterpillar inc of 8%, in Chevron Corp of 5.7%, in Verizon communication of 5.5%, in Home Depot Inc of 5.4% and in American Express of 5.5%.
Hewlett Packard was the lone declined in the Dow with a loss of 1.1%.
Of the stocks in S&P 500 index, 442 increased, 55 declined and three were unchanged. Of the index stocks, 279 rose more than 3% and 11 fell more than 3%.
Britainâ€™s FTSE 100 index closed 196.22 points, or 4.4 percent, higher at 4,639.50, while Germanyâ€™s DAX was up 251.20 points, or 5.0 percent, at 5,278.04. Franceâ€™s CAC-40 was 163.12 points, or 4.6 percent, higher at 3,691.09.