Wednesday, March 18, 2009

US mkts surge on leap in housing starts: Dow up 179 pts and Asian mkts trading higher: Hang Seng up 200 pts

US markets surged higher as an unexpected leap in housing starts pushed home depot and other retailers higher while bullish comments from Goldman on Cisco systems helped technology shares rebound.

The Dow Jones gained 2.48% or 178.73 points, to close at 7,395.70, while the S&P 500 advanced 24.23 points or 3.21%, to end at 778.12. The NASDAQ Composite gained 58.09 points or 4.14%, to finish at 1,462.11.


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