Markets rally Monday

Published: July 13, 2009 at 5:09 PM
Stocks react to consumer directories at the New York Stock Exchange

NEW YORK, July 13 (UPI) -- U.S. bank stocks led a general rally Monday as the corporate reporting season began its second week.

Reports due this week include Intel, Johnson & Johnson and New York bank Goldman Sachs, where profits were likely to exceed the $1.66 billion reported in the first quarter, The New York Times reported.

On Monday, Bank of America closed 9.34 percent higher while Citigroup gained 7.34 percent.

By close, the Dow Jones industrial average rose 185.16 points, or 2.27 percent, to 8,331.68. The Standard & Poor's 500 rose 2.49 percent, 21.92 points, to 901.05. The Nasdaq composite index added 37.18 points, 2.12 percent, to 1,793.21.

On the New York Stock Exchange, 2,526 stocks advanced and 489 declined on a volume of 4 billion shares traded.

The benchmark 10-year U.S. Treasury bond fell 16/32 to yield 3.35 percent.

The euro fell to $1.3982, compared to Friday's $1.3996. Against the Japanese yen, the dollar fell to 92.895 yen, compared to Friday's 92.93 yen.

In Tokyo, the Nikkei average lost 236.95 points to 9,050.33, off 2.55 percent.

In London, the FTSE 100 index gained 1.82 percent, 74.96, to 4,202.13.

© 2009 United Press International, Inc. All Rights Reserved.
Order reprints



Additional News Stories
Values influence floral purchases (56 min)
When flu should trigger a school shutdown
NBA: LA Lakers 104, New Orleans 88
NFL: Dallas 20, Philadelphia 16
NBA: Sacramento 120, Golden State 107
Poll: Many can't get H1N1 vaccine
China complains of protectionism
fark
Girl, 12, gives birth to boy for her 15-year-old husband. In Tennessee? West Virginia? No, New South...
12-year-old girl suspended from school for piercing her nose, which perfectly normal in India, not...
When searching for your dog, always look under car first before reaching underneath. That shadow...
State Senator forgets he's supposed to make drugs sound bad, not cool; describes Oxycontin as "a...
After her husband gets locked up for dealing meth, pissed-off wife goes undercover, takes down major...
Afghans replace opium poppies with bumper wheat crop, gluten intolerance grips nation