| U.S. Stocks Rise Ends |
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| Wednesday, 17 February 2010 09:16 | |||
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New
York - U.S. stocks tumbling to close very strong on Tuesday due to
bullish sentiment (excited) backed off a strong manufacturing data and
bustle of merger and acquisition activity. Building on the opening up, the Dow Jones Industrial Average slid 169.67 points quickly higher (1.68 percent) to 10,268.81 at the close of the market. The technology-heavy Nasdaq composite index rose 30.66 points (1.40 percent) to 2214.19 and the Standard & Poor's index `s 500 advanced 19.36 points (1.80 percent) to 1094.87 early closure. Traders, returned to their desks after a public holiday Monday, to find the cause for the rise. "Traders are in a buying mood after they returned from a long holiday weekend," said analysts at Charles Schwab & Co. in a client note. "The economic field to help sentiment because reports manufacturing activity in New York rose more than expected" and most merger and acquisition activity of $ 10 billion bid in the retail property sector, analysts said. | antaranews.com | tenderoffer.biz |
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