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World market indices up

05 March 2009 08:12 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow Jones industrial average rose 149.82, or 2.2 percent, to 6,875.84.
Broader indexes also rose. The Standard & Poor’s 500 index added 16.54, or 2.4 percent, to 712.87. On Tuesday, the S&P 500 index fell to its first close below 700 since October 1996.
The Nasdaq composite index gained 32.73, or 2.5 percent, to 1,353.74. The Russell 2000 index of smaller companies rose 10.29, or 2.9 percent, to 371.30.
Overseas, Japan’s Nikkei stock average rose 0.9 percent, while Hong Kong’s Hang Seng index gained 2.5 percent. Britain’s FTSE 100 rose 3.8 percent, Germany’s DAX index jumped 5.4 percent, and France’s CAC-40 rose 4.7 percent.
Industrial and commodity stocks led the market higher as oil prices jumped on hopes for the Chinese stimulus. Aluminum producer Alcoa Inc. jumped 71 cents, or 12.8 percent, to $6.24, and Caterpillar Inc. rose $2.97, or 13.2 percent, to $25.44. Exxon Mobil Corp. rose $1.32, or 2.1 percent, to $65.68, while Chevron Corp. rose $1.55, or 2.7 percent, to $59.28.