July 23, 2009

First 9,000 Dow close since January

U.S. and European stock indexes moved sharply upward Thursday, with the Dow Jones industrial average closing above 9,000 for the first time since January.

The Dow gained 188.03 points, or 2.12 percent, to close at 9,069.29 as EBay Inc., Ford Motor Co. and AT&T Inc. posted better-than-estimated results and home resales increased more than forecast.

The broader Standard & Poor's 500-stock index rose 22.22 points, or 2.3 percent, at 976.29.

Volume on the New York Stock Exchange topped 6 billion shares traded.

The technology-heavy Nasdaq gained 47.22 points, or 2.45 percent, at 1,973.60.

In London, Britain's FTSE 100 index closed up 66.07 points, or 1.47 percent, at 4,559.80. Germany's DAX index was up 125.72 points, or 2.45 percent, to close at 5,247.28. France's CAC-40 finished the day up 68.65 points, or 2.08 percent, at 3,373.72.

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 Asian markets opened Friday morning with the major indexes surging as much as 3 percent.

The 10-year U.S. Treasury note fell 31/32, yielding 3.665 percent, while the 30-year bond was down 1 22/32, yielding 4.550 percent.

The U.S. dollar rose to 95.05 yen from 93.54 yen in New York late Wednesday. The euro, in U.S. dollars, slid to $1.4194 from $1.4214.