Tuesday, January 27, 2009

Wall Street ends higher; Dow up 38 points & Nikkei trading higher 3.5%

US markets ended in the green, amid expectations of stimulus. The 68 billion dollar deal between Pfizer and Wyeth helped overshadow gloomy earnings outlook from caterpillar.

In economic news, the national association of realtors reported that existing-home sales jumped 6.5% to a 4.74 million and leading indicators rose for the first time since June, up by 0.3% as the supply of money expanded.

Dow gained 38.47 points,or 0.48%, to 8,116.03. The S&P 500 index gained 4.62 points, or 0.56%, to 836.57, and the Nasdaq composite index advanced 12.17 points, or 0.82%, to 1,489.46.


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