Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us| Services
 
Sun, Nov 08, 2009 12:08 PM Philippines      25°C to 33°C
  HOME       NEWS     SPORTS     SHOWBIZ AND STYLE      TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
Advertisement
Robinsons Land Corp.
Xoom

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Money/ Breaking News Type Size: (+) (-)
You are here: Home > Business > Money > Breaking News

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send as an e-mail     Send Feedback  
    Post a comment   Share  

  RELATED STORIES  




imns


Wall Street gains on recovery hopes


Agence France-Presse
First Posted 05:15:00 01/07/2009

Filed Under: Stock Activity, Markets & Exchanges

NEW YORK — US stocks rose moderately Tuesday, lifted by gains overseas and as investors hoped that emergency government measures will pull the global economy out of recession.

The Dow Jones Industrial Average climbed 61.73 points (0.69 percent) to 9,014.62 at the closing bell, as the market posted its fourth gain in the past five sessions.

The technology-heavy Nasdaq advanced 24.35 points (1.50 percent) to 1,652.38 and the broad-market Standard & Poor's 500 index added 6.97 points (0.75 percent) to a preliminary close of 934.42.

The market shook off weak data on pending home sales, factory orders and service sector activity, apparently looking ahead to an economic recovery.

"Investors believe that stock prices already reflect weak economic growth and that a large stimulus package will revive the US economy," said Chris Lafakis at Moody's Economy.com.

Al Goldman at Wachovia Securities noted that the market "continues to look forward to benefits of a government stimulus package."



Copyright 2009 Agence France-Presse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Share

RELATED STORIES:

OTHER STORIES:



  ^ Back to top

© Copyright 2001-2009 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
Megaworld
Filinvest
Toyota
Focalcast