Money Matters, Simplified.
Dow extends streak to 3 days
Fri, 07/09/2010 - 11:01 by Rakhi
The International Monetary Fund increased its growth projection for the global economy to 4.6 percent, compared with April's estimate of 4.2 percent growth. In Washington, the Labor Department said 454,000 first-time jobless claims were filed in the week ending July 3, 21,000 fewer than the previous week.
By close, the Dow Jones industrial average rose 120.71 points or 1.2 percent to 10,138.99. The Standard & Poor's 500 index gained 9.98 or 0.94 percent to 1,070.25. The Nasdaq composite index of tech-dominated stocks added 15.93 or 0.74 percent to 2,175.40.
On the New York Stock Exchange, 2,327 stocks advanced and 691 declined on a volume of 5.1 billion shares traded.
The benchmark 10-year treasury note fell 15/32 to yield 3.038 percent.
The euro rose to $1.2698 from Wednesday's $1.2642. Against the yen, the dollar rose to 88.31 yen from Wednesday's 87.75 yen.
In Japan, the Nikkei 225 index rose 2.76 percent, 256.09, to 9,535.74.
In Britain, the FTSE 100 index added 1.81 percent, 90.63, to 5,105.45.
Copyright 2010 United Press International, Inc. (UPI).