Home
U.S. stock markets close in positive territory
United States News.Net
Wednesday 27th August, 2008
U.S. equity markets had a rare up day Wednesday with all indices finishing in the black.
Traders were comforted by remarks from Atlanta Federal Reserve President Dennis Lockhart. Speaking after making a speech at an economics conference at Georgia State University, Lockhart said he was comfortable with current monetary policy, and that he saw inflation moderating, mainly due to the slide in oil prices. The central banker however sounded a note of caution about the nation's banks.
"The banking system is experiencing a lot of strain and some banks are in very difficult circumstances. We continue to monitor banks in this particular part of the country and a number of them are facing liquidity strains and asset quality strains," he said.
At the close of trading the Dow Jones Industrials were ahead 89.64 points or 0.79% at 11,502.51.
The Nasdaq Composite rose 20.49 points or 0.87% to 2,382.46.
The Standard and Poor's 500 was up 10.15 points or 0.80% at 1,281.66.
On forex markets the U.S. dollar gained. Around the New York close the euro was quoted at 1.4722. The British pound fell sharply to 1.8349, while the Swiss franc weakened to 1.0968.
The Japanese yen was lower at 109.58. The Australian dollar fell to .8582. The Canadian dollar was changing hands at 1.0469.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Victoria's Secret models Ambrosio, Klum's secret to toned post-baby bodies
New York, Nov 21 : Victoria's Secret models Alessandra Ambrosio and Heidi Klum have done something that remains almost an unattainable task for many new mommies-they got back in their sexy shape just a couple of months after giving birth. [read story]
- Gays died because Milk was killed, says Sean Penn
London, Nov 21 (IANS) Sean Penn believes that fewer gays would have died of AIDS if San Francisco city supervisor Harvey Milk hadn't been assassinated in his prime. [read story]
- America waits in anticipation for Obama's possible tech czar
Washington, Nov.21 : The American tech industry is waiting to see whether the new president Barack Obama will name, as promised, a "chief technology officer" for the United States. [read story]
- 17month-old's brain repaired with superglue in U.S.
London, November 21 : Doctors in New York have prevented a 17 months British toddler from succumbing to an extremely rare medical condition called aneurysm, by repairing her damaged brain with superglue. [read story]
- US Attorney General Mukasey collapses during address in Washington
Washington, Nov.21 : United States Attorney General Michael Mukasey collapsed during a speech in Washington on Thursday, and had to be hospitalized. [read story]
|
|
 |
 |
|
|
