Wednesday, April 22, 2009

On the global front: Wall St ends higher post Geithner comments; Dow up 127 pts while Asian markets trading mixed;

On the global front: Wall St ends higher post Geithner comments; Dow up 127 pts while Asian markets trading mixed; Hang Seng down. The US markets ended higher as investors were encouraged by comments from Treasury Secretary Tim Geithner that most banks are well capitalized. Techs jumped up ahead of Yahoo earnings, which were released after the bell. The Dow gained 127.83 points, or 1.6%, to 7,969.56. The S&P 500 index rose 17.69 points, or 2.1%, to 850.08, and the NASDAQ composite index rose 35.64 points, or 2.2%, to 1,643.85.

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