Monday, 27 August 2012

U.S.MARKET UPDATE


U.S. stocks climbed on Friday on news the European Central Bank is considering setting targets in a new bond-buying program that could help contain euro-zone borrowing costs and on hopes of more stimulus from the Federal Reserve.

The Dow Jones industrial average rose 100.51 points, or 0.77 percent, to end at 13,157.97. The Standard & Poor's 500 Index added 9.05 points, or 0.65 percent, to 1,411.13. The Nasdaq Composite Index gained 16.39 points, or 0.54 percent, to close at 3,069.79.

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