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US market indices go up

19 January 2009 07:44 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow Jones industrial average rose 68.73, or 0.84 percent, to 8,281.22. The Dow was down 103 points in early afternoon. On Thursday, it recovered from a 205-point loss to close up 12.35; before its rebound, the Dow fell below 8,000 for the first time since Nov. 21.
The Standard & Poor’s 500 index rose 6.38, or 0.76 percent, to 850.12, while the Nasdaq composite index rose 17.49, or 1.16 percent, to 1,529.33.
For the week, the Dow fell 3.7 percent, the S&P 500 lost 4.5 percent and the Nasdaq skidded 2.7 percent.
The Russell 2000 index of smaller companies rose 3.83, or 0.83 percent, to 466.45.
Crude oil for March delivery fell 97 cents Friday to settle at $42.57 on the New York Mercantile Exchange. The February contract, which expires Tuesday, rose $1.11 to settle at $36.51 a barrel in very light trading. The dollar fell against other major currencies, while gold prices rose.
Japan’s Nikkei stock average rose 2.6 percent. Britain’s FTSE 100 gained 0.9 percent, Germany’s DAX index rose 0.7 percent, and France’s CAC-40 was rose 0.7 percent.