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World market indices close high

09 February 2009 07:55 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow Jones Industrial Average jumped 217.52 points, or 2.7%, to end at 8,280.59, while the S&P 500 index rose 22.75 points, or 2.7%, to close at 868.60. The Nasdaq Composite index added 45.47 points, or 2.9%, to finish at 1,591.71.
All three major gauges ended higher for the week as well, ending a four-session losing streak. The Dow was up 3.5% for the week while the S&P 500 surged 5.2%, and the Nasdaq shot up 7.8%.
US light crude oil for March delivery fell US$1 to settle at US$40.17 a barrel on the New York Mercantile Exchange. Gasoline prices rose three-tenths of a cent to a national average of US$1.91 a gallon.
The dollar was mixed, falling against the euro and rising against the yen. COMEX gold for April delivery rose 10 cents to settle at US$914.30 an ounce.
European shares advanced on Friday. The pan-European Dow Jones Stoxx 600 index climbed 2.1% to 198.53, led by banks and oil majors. The UK’s FTSE 100 index closed up 1.5% at 4,291.87, while Germany’s DAX 30 index climbed 3% to 4,644.63 and the French CAC-40 index advanced 1.8% to 3,122.79.