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US market indices up

02 April 2009 07:07 (UTC +04:00)

Bakuâ€“ APA-Economics. Wall Street opened the second quarter with solid gains, extending a four-week rally that brought the market off its lowest levels in 12 years, AP reports.

The Dow rose 152.68, or 2 percent, to 7,761.60, and broader market indicators also rose. The Standard & Poorâ€™s 500 index rose 13.21, or 1.7 percent, to 811.08, and the Nasdaq composite index gained 23.01, or 1.5 percent, to 1,551.60.

Among the big gainers in the banking industry, Citigroup Inc. added 15 cents, or 5.9 percent, to $2.68, while JPMorgan Chase & Co. gained $1.56, or 5.9 percent, to $28.14.
The Russell 2000 index of smaller companies rose 6.41, or 1.5 percent, to 429.16.
Advancing issues outnumbered decliners by more than 3 to 1 on the New York Stock Exchange, where consolidated volume came to 5.9 billion shares, essentially flat with Tuesday.
Bond prices were little changed. The yield on the benchmark 10-year Treasury note slipped to 2.66 percent from 2.67 percent late Tuesday. The yield on the three-month T-bill rose slightly to 0.21 percent from 0.20 percent Tuesday.
Crude oil fell $1.27 to settle at $48.39 a barrel on the New York Mercantile Exchange.
The dollar was mixed against other major currencies. Gold prices rose.
Overseas, Britainâ€™s FTSE 100 rose 0.8 percent, Germanyâ€™s DAX index rose 1.1 percent, and Franceâ€™s CAC-40 rose 1.2 percent. Japanâ€™s Nikkei stock average rose 3 percent.