Archive for December, 2009
U.S. Stocks Rise Back from the Great Decline
U.S. stock markets on Wednesday bounce back from losses last session, with all the major indexes rose at the close and the Dow passed the back sign 11 000 points.
Dow Jones Industrial Average rose 53.28 points (0.48 percent) to 11045.27 in late trading after a brutal session on Tuesday which resulted in the index fell more than 200 points.
The NASDAQ composite index rose 0.26 points (0.01 percent) to 2471.73 and indeksStandard & Poor’s 500 rose 7.65 points (0.65 percent) to 1191.36.
Shares rose from lows Tuesday on signs that the bailout for the Greek EU appears more likely, and the news that the Federal Reserve may not raise interest rates in the near future.
The European Union on Wednesday called for a crisis summit for Greece which increased the debt crisis hit global markets amid fears that more countries will be sucked inside.