US market indices turn higher

US market indices turn higher
# 04 December 2008 09:05 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. US stocks turned higher on Wednesday, coming off sharp early losses after a series of much worse-than-expected data, as investors on Wall Street took a positive lead from online sales figures.
By close, the Dow Jones industrial average had risen 172.60, or 2.05 per cent, to 8,591.69 points.
The Standard & Poor’s 500 index was 21.93 points higher, or 2.58 per cent, to 870.74 points and the Nasdaq composite index gained 42.58, or 2.94 per cent, to 1,492.38 points.
European stock markets closed higher on Wednesday, coming off early lows, with London’s FTSE 100 index of leading shares up 47.1, or 1.14 per cent, at 4,169.96 points.
The DAX gained 35.45, or 0.78 per cent, to 4,567.24 points.
The CAC 40 rose 13.75, or 0.44 per cent, to 3,166.65 points.
The Nikkei average rose 1.8 per cent on Wednesday, buoyed by a jump in retailer Seven & I Holdings after a brokerage upgrade, though automakers weighed on the market in the face of a sharp drop in US car sales.
The benchmark Nikkei added 140.41 points to finish at 8,004.10.
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