India | UK | US

Stocks end higher on strong GDP, weaker oil

Posted : Thu, 28 Aug 2008 20:10:02 GMT
Author : Reuters
Category : US (Business)
News Alerts by Email ( click here )
US Business News | Home
NEW YORK (Reuters) - U.S. stocks ended sharply higher on Thursday, as a decline in oil prices and data showing the economy expanded much more than expected in the second quarter boosted shares of major industrial and financial companies.

All three major stock indexes ended more than 1 percent higher after the government said strong export growth helped the economy grow at a 3.3 percent annual rate between April and June, above an initial estimate of 1.9 percent.

Based on the latest available data, the Dow Jones industrial average ended with gains of 209.99 points, or 1.83 percent, at 11,712.50, while the Standard & Poor's 500 Index rose 18.59 points, or 1.45 percent, to 1,300.25. The Nasdaq Composite Index climbed 29.18 points, or 1.22 percent, at 2,411.64.

(Reporting by Walter Brandimarte; Editing by Leslie Adler)


(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Share/Save/Bookmark

Article : Stocks end higher on strong GDP, weaker oil
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More US (Business) News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.