Friday, 27 July 2012

U.S.MARKET UPDATE


U.S. stocks rode a wave of hope inspired by comments from European Central Bank President Mario Draghi on Thursday, ignoring mixed corporate results to focus on the strongest signal yet of the ECB's intentions to protect the euro zone.

The Dow Jones industrial average was up 211.88 points, or 1.67 percent, at 12,887.93. The Standard & Poor's 500 Index was up 22.13 points, or 1.65 percent, at 1,360.02. The Nasdaq Composite Index was up 39.01 points, or 1.37 percent, at 2,893.25. 


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