Thursday, May 7, 2009

On the global front: Wall Street ends higher; Dow up 101 points and Asian markets trading higher; Nikkei up 4.4%.

On the global front: Wall Street ends higher; Dow up 101 points and Asian markets trading higher; Nikkei up 4.4%. The US markets gained after a turbulent session on the back of reports that indicated the pace of layoffs is beginning to slow against worries that the rally may be getting ahead of itself. The Dow rose 101.63 points, or 1.2%, to 8,512.28. The S&P 500 index added 15.73 points, or 1.7%, to 919.53. The NASDAQ gained 4.98 points, or 0.3%, to 1,759.10.

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