Friday 17 February 2012

U.S. MARKET UPDATE


The US markets rallied with the Dow and the Nasdaq hitting multi-year highs. Robust economic data and reports suggesting that the ECB would agree to exchange their Greek bonds for new ones boosted sentiment.
Dow Jones Industrial Average was up 0.96% or 123.13 points at 12904.08. Nasdaq Composite rose 1.51% or 44.02 points at 2959.85. Standard & Poor’s 500 gained 1.1% or 14.81 points at 1358.04.

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