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U.S. Markets Close Higher; Dow Jones Up 1.50%
Written by article default Tuesday, 22 March 2011 00:57
U.S. stocks were up after the closing bell on Monday.At the close of U.S. trade, the Dow Jones Industrial Average rose 1.50%, the S&P 500 index gained 1.50%, while the Nasdaq 100 index climbed 1.87%.
Earlier in the day, industry data showed that existing home sales fell more-than-expected to a seasonally adjusted annual rate of 4.88M last month from 5.40M in the preceding month whose figure was revised up from 5.36M.
Analysts had expected existing home sales to fall to 5.05M last month.
Meanwhile, across the Atlantic, European stock markets closed higher. France’s CAC 40 was up 2.47%; Germany’s DAX gained 2.28%; Britain’s FTSE 100 climbed 1.19%; and the EURO STOXX 50 rose 2.44%.