Friday, 7 September 2012

U.S.MARKET UPDATE


U.S. stocks closed at multi-year highs on Thursday, with the S&P 500 ending at its highest level since before the collapse of Lehman Brothers as investors hailed a new European bond-buying program aimed at stemming the region's debt crisis.

The Dow Jones industrial average rose 244.52 points,or 1.87 percent, to 13,292.00. The Standard & Poor's 500 Index was up 28.68 points, or 2.04 percent, at 1,432.12—its highest level since May 2008, before the financial crisis began to gather steam. The Nasdaq Composite Index was up 65.12 points, or 2.12 percent, at 3,134.39. 


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