Wall Street maintains gains
Sunday, 30 November 2008
NEW YORK, Nov 29 (AFP): US stocks ended higher Friday in tandem with Europe and Asia despite market unease over the deadly attacks in Mumbai.
In a shortened session after Thursday's Thanksgiving Day holiday, the Dow Jones Industrial Average rallied 102.43 points (1.17 per cent) to close at 8,820.04, the fifth consecutive gain for blue chips.
Inspired by a sense that the credit crisis may be easing, the Nasdaq composite also managed a rise of 3.47 points (0.23 per cent) to 1,535.57 and the Standard & Poor's 500 broad-market index advanced 8.56 points (0.96 per cent) to 896.24.
In London the FTSE 100 index finished 1.46 per cent in positive territory at 4,288.01 points, ending one of its best weekly showings ever.
The index was up 13.41 per cent from its close last Friday, a performance not seen since its creation in the 1980s.
In Paris the CAC 40 added 0.38 per cent Friday to finish at 3,262.68, capping its strongest weekly showing -- 13.24 per cent - - since its creation in 1987.
In Frankfurt the Dax was less robust, rising just 0.09 per cent Friday to 4,669.44 points.
In a shortened session after Thursday's Thanksgiving Day holiday, the Dow Jones Industrial Average rallied 102.43 points (1.17 per cent) to close at 8,820.04, the fifth consecutive gain for blue chips.
Inspired by a sense that the credit crisis may be easing, the Nasdaq composite also managed a rise of 3.47 points (0.23 per cent) to 1,535.57 and the Standard & Poor's 500 broad-market index advanced 8.56 points (0.96 per cent) to 896.24.
In London the FTSE 100 index finished 1.46 per cent in positive territory at 4,288.01 points, ending one of its best weekly showings ever.
The index was up 13.41 per cent from its close last Friday, a performance not seen since its creation in the 1980s.
In Paris the CAC 40 added 0.38 per cent Friday to finish at 3,262.68, capping its strongest weekly showing -- 13.24 per cent - - since its creation in 1987.
In Frankfurt the Dax was less robust, rising just 0.09 per cent Friday to 4,669.44 points.