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Market indices are up

25 November 2008 07:47 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Dow Jones Industrial Average jumped 396.97 or 4.9% to a close of 8,443.39, S&P 500 Index surged 51.78 or 6.5% to 851.81, and Nasdaq Composite Index soared 87.67 or 6.3% to close at 1,472.05. In Toronto, TSX Composite Index gained 285.48 or 3.5% to 8,440.87.
Of the 30 stocks in Dow Jones Industrial Average 29 closed higher and 1 closed lower.
Citigroup Inc led gainers in the Dow with a surge of 57% followed by gains in Bank of America of 27%, in JP Morgan Chase of 21.4%, in General Motors of 17%, in American Express of 12% and Home Depot Inc of 11%.
Wal-Mart Stores was the lone decliner in the Dow with a loss o 0.3%.
Of the stocks in S&P 500 index, 465 increased, 34 decreased and one was unchanged. Of the index stocks, 402 rose more than 3%, 6 fell more than 3% and 181 surged above 10%.
Genworth Financial led the gainers in the S&P 500 index with a surge of 89% followed by gains in Citigroup Inc of 57%, in CB Richard Ellis of 45%, in Merrill Lynch of 38%, Kimco Realty of 34%, in Morgan Stanley of 33%, in CIT Group Inc of 31% and in Jones Apparel of 31%.
Campbell Soup led decliners in the S&P 500 index with a fall of 7% followed by losses in Copper Industries of 7.3%, in Prologis of 7.2%, in Time Warner Inc 4.9%, in General Dynamics of 3.4% and in Raytheon Company of 3.2%.
In London FTSE 100 Index closed higher 372.00 or 9.84% to 4,152.96, in Paris CAC 40 Index increased 290.85 or 10.10% to close at 3,172.11 and in Frankfurt DAX index higher 426.92 or 10.34% to close at 4,554.33.