Monday, 6 August 2012

U.S.MARKET UPDATE


Wall Street rallied to its highest level since early May on Friday on a stronger-than-expected U.S. jobs report and renewed hope European authorities would act to contain the euro zone debt crisis.

The Dow Jones industrial average rallied 217.29 points, or 1.69 percent, to 13,096.17. The S&P 500 jumped 25.99 points, or 1.90 percent, to 1,390.99. The Nasdaq Composite  added 58.13 points, or 2 percent, to 2,967.90.




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