Members login
U.S. Markets Close Higher; Dow Jones Up 0.70%
Written by article default Friday, 25 March 2011 13:06
U.S. stocks were up after the closing bell on Thursday.At the close of U.S. trade, the Dow Jones Industrial Average rose 0.70%, the S&P 500 index gained 0.93%, while the Nasdaq 100 index climbed 1.83%.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.60% last month from -3.00% in the preceding month whose figure was revised up from -3.60%.
Analysts had expected Core durable goods orders to rise 1.80% last month.
Meanwhile, across the Atlantic, European stock markets closed higher. France’s CAC 40 was up 1.41%; Germany’s DAX gained 1.90%; Britain’s FTSE 100 climbed 1.47%; and the EURO STOXX 50 rose 1.52%.