US stocks open higher

Friday, September 30, 2011
Print Print Email Email
New York: US stocks opened broadly higher Friday amidst positive economic data, Xinhua reported. Investors also embraced news that Germany's lower house had approved a new plan for euro zone debt crisis fund. The Labor Department said Thursday that applications for unemployment benefits fell by 37,000 to a seasonally adjusted 391,000 last week. Meanwhile, the revised US GDP growth in the second quarter was 1.3 percent, beating previous expectations. Investors also focused on Fed Chairman Ben Bernanke's speech Wednesday in which he said the central bank might need to ease monetary policy further if inflation fell broadly. The Dow Jones industrial average gained 190.46 points, or 1.73 percent, to 11,201.36. The Standard & Poor's 500 was up 18.80 points, or 1.63 percent, to 1,169.86. The Nasdaq Composite Index rose 42.31 points, or 1.71 percent, to 2,534.24.
Source: IANS
Looking For Loan? Let us Help you !!!
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..