US indices remain relatively high

US indices remain relatively high
# 29 December 2008 07:34 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. Wall Street put together a moderate advance in light post-holiday trading on Friday after the finance arm of General Motors secured a government lifeline, but dreary holiday spending readings dimmed the chance of a big year-end rally.
The major indices finished the week with losses.
The Dow Jones industrial average rose 47.07, or 0.56 per cent, to 8,515.55 after Thursday’s market holiday.
Broader stock indicators also rose. The Standard & Poor’s 500 index rose 4.65, or 0.54 per cent, to 872.8, and the Nasdaq composite index rose 5.34, or 0.35 per cent, to 1,530.24.
For the week, the Dow ended down 0.74 per cent, the S&P 500 fell 1.7 per cent and the Nasdaq lost 2.1 per cent.
European markets were closed for the Christmas holidays. In the UK on December 24, The FTSE 100 index fell 39.39 points, or 0.93 per cent, to close at 4,216.59.
The Dax lost 9.64 points, or 0.21 per cent, to 4,629.38 on December 23.
The CAC 40 fell 12.2 points, or 0.39 per cent, to 3,116.21 on December 24.