Business News - Stocks spurred by good economic report

ArcaMax Publishing > Business News

Your email address is safe with us. View our Privacy policy.

Free Financial Tools:

Start planning your financial future with our free financial tools & calculators.

The Funnies:

Get free jokes, comics, and more! See them all on
our funnies page

Books:

Read the classics online or by email. More details on the books page

Stocks spurred by good economic report

NEW YORK (UPI) -- U.S. stock indexes advanced Thursday spurred by a surprisingly strong economic report while storm-conscious oil prices slowed its rise.

The Dow Jones industrial average was up 163.17 points, or 1.47 percent, at 11,665.68 at midday. The Nasdaq composite climbed 18.64, or 0.78 percent, at 2,401.10 and the Standard & Poor 500 was up 11.89, or 0.93 percent at 1,293.55.

Treasury prices fell. The benchmark 10-year note shed 4/32 to yield 3.784 percent.

The dollar strengthened against the euro and stood at $1.4684 against $1.4777 late Wednesday. Against the Japanese currency, the dollar recently fell to $109.546 yen, down from $109.61 yen.

Overseas, Tokyo's Nikkei 225 closed flat at 12,768.25 and London's FTSE 100 fell 0.24 percent to 5,514.90.

Copyright 2008 by United Press International

This news arrived on: 08/28/2008

Share this Story