U.S. stock indexes rise; Dow tops 9,000

July 23, 2009

U.S. stock indexes moved sharply upward Thursday, with the Dow Jones industrial average topping 9,000 for the first time in six months.

The Dow was up 180.24 points, or 2.03 percent, to 9,061.50 in late morning trading. The broader Standard & Poor’s 500 Index gained 21.63 points, or 2.27 percent, to 975.70.

The technology-heavy Nasdaq advanced 2.92 points, or 0.15 percent, to 1,929.30.

Japan’s Nikkei 225 index advanced 69.78 points, or 0.72 percent, to close at 9,792.94 after an unsettled morning session. Hong Kong’s Hang Seng Index jumped 569.53 points, or 2.96 percent, at 19,817.70. China’s SSE Composite Index closed up 31.88 points, or 0.97 percent, at 3,328.49.

The 10-year U.S. Treasury note fell 25/32, yielding 3.642 percent, while the 30-year bond was down 1 9/32, yielding 4.524 percent.

The U.S. dollar rose to 94.78 yen from 93.54 yen in New York late Wednesday. The euro, in U.S. dollars, rose to $1.4271 from $1.4214.

Source: upi

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