Markets rise Thursday

Published: July 16, 2009 at 5:03 PM
Federal Reserve cuts interest rates as markets react in New York
Related Company

NEW YORK, July 16 (UPI) -- U.S. markets made late gains Thursday, completing a streak of four days with positive numbers.

JP Morgan Chase said second quarter net profits rose 36 percent. The report follows news that profits soared at Goldman Sachs Group in the second quarter.

By close, the Dow Jones industrial average added 95.61 points or 1.11 percent to 8,711.82. The Standard & Poor's 500 gained 8.06 or 0.86 percent to 940.74. The Nasdaq composite index rose 1.19 percent, 22.13 points, to 1,885.03.

On the New York Stock Exchange, 2,113 stocks advanced and 881 declined on a volume of 1.1 billion shares traded.

The benchmark 10-year U.S. Treasury bond rose 10/32 to yield 3.57 percent.

The euro rose to $1.4151 Thursday, compared to Wednesday's $1.4107. Against the Japanese yen, the dollar fell to 93.92 yen, compared to Wednesday's 94.35 yen.

In Tokyo, the Nikkei average added 74.91 points, 0.81 percent, to 9,344.16.

In London, the FTSE 100 index rose 0.35 percent, 15.38, to 4,361.84.

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



Additional News Stories
NBA: Boston 107, New York 105 (OT) (29 min)
Florida stays atop the BCS poll (31 min)
NFL: New York Giants 34, Atlanta 31 (OT) (33 min)
NFL: New Orleans 38, Tampa Bay 7 (38 min)
UPI Sports Calendar for Monday, Nov. 23
NFL: Kansas City 27, Pittsburgh 24 (OT)
NFL: Dallas 7, Washington 6
fark
Congratulations to the unnamed motorist who received Virginia's first $1,000 traffic ticket for...
If you are in Salinas, CA on Tuesday night and find yourself at a DUI checkpoint, you will either...
Next on the docket: Case No. 1950cv05050: Mouse vs. Duck for trademark infringement. Bonus: The...
The coolest Human-Powered Road-Going Viking Boat you'll see today
Kid with terminal cancer is close to death and doesn't want to burden his family with restoring...
Georgia's Supreme Court made it legal for 16-year-olds to fark their teachers last year, but wouldn't...