Bank Of Baku

US markets start to rally

US markets start to rally
# 07 January 2009 07:55 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. By the close of trading, the major averages were well off their best levels of the day, but they held onto strong gains. The Dow closed up 62.21 points or 0.7 percent at 9,015.10, the Nasdaq closed up 24.35 points or 1.5 percent at 1,652.38 and the S&P 500 closed up 7.25 points or 0.8 percent at 934.70.
Wall Street has been showing some signs of stability since hitting multiyear lows on Nov. 20. The Dow is up 19.4 percent since then, while the S&P 500 index is up 24.2 percent.
Britain’s FTSE 100 rose 1.29 percent, Germany’s DAX index added 0.85 percent and France’s CAC-40 rose 1.08 percent.
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