Navigate Yoozpaper

Yoozpaper Front Page
The Yoozpaper
Yoozer Profile
Profile
Shared Paper
Shared Paper
Create Newspaper
Create Paper
Create Customized Paper
Custom Paper
Create Album
Create Album
Yoozer Notifications
Notifications
Edit Profile
Edit Profile
Login
Login

 
 
 
Login on Yoozpaper Facebook Login

Dow Rises 134 Points to Finish Week Strong

Written by on


Dow Rises 134 Points to Finish Week Strong


0 YOOZ this

The Dow rose 134 points on Friday to close 11,284. The NASDAQ rose 60 points to close at 2,479. The S&P 500 rose 17 points to close at 1,176. In the European markets, stocks were down as traders still have concern over the debt crisis. The STOXX, FTSE, and DAX were all to the negative side. In the Asian markets, the Nikkei was up 25 points, while the HANG SENG was down 149 points. The rally for US stocks broke a four-week losing streak for, as Federal Reserve Chairman Bernanke indicated the economy isn’t deteriorating fast enough to warrant any immediate stimulus.

Caterpillar and Alcoa paced gains among companies most-tied to the economy, adding at least 2.2%. All Dow stocks remained relatively flat, with HP falling the most at just 0.8%. Technology shares rose the most in the S&P 500, with Cisco and Intel advancing more than 1.5%. Jewelry retailer Tiffany & Co. soared 9.4% after reporting profits that beat analysts’ estimates and raising its earnings forecast.

In the commodities markets, gold rose despite the rise in the US stock markets, closing just shy of $1,800 an ounce. Gold may be in a holding pattern for a while until traders fully understand what route Bernanke is going to take in regards to stimulating the economy. Oil stayed put, holding above $85 a barrel, with no real news on Friday. There is talk though that there is unrest in Libya which could cause futures to fall next week.

Return to World Markets Report.





Yoozpaper is a social network of online newspapers written by individuals or groups. Yoozpaper takes free articles that members write and formats them as an online newspaper.

Articles Of The Week

Ladle with refractory materials are used

Refractory materials for glass furnaces

Kiln refractory selection method

Quality Control of Kiln Refractory Production