Don't miss

Replay


LATEST SHOWS

IN THE PRESS

Handshakes and private toilets: How Koreas' summit is planned to (media) perfection

Read more

IN THE PRESS

'Welcome to your new life (in prison)' Danish paper says to convicted killer Peter Madsen

Read more

EYE ON AFRICA

South African unions strike over proposed minimum wage

Read more

PERSPECTIVE

Access to books: ‘Libraries are at the very heart of what makes people free’

Read more

BUSINESS DAILY

Facebook adds users, boosts revenue despite data scandal

Read more

THE DEBATE

Macron on Capitol Hill: Speech before Congress emphasises 'democratic values'

Read more

THE DEBATE

Macron in Washington: Can he change Trump's foreign policy?

Read more

FOCUS

Catalonia's pro-independence movement tempted by radicalisation

Read more

ENCORE!

Film show: 'May ’68', Director’s Fortnight reloaded, 'A Paris Education'

Read more

Business

US markets close up after volatile week

Text by News Wires

Latest update : 2011-08-12

US markets closed higher on Friday, ending one of the most volatile weeks in Wall Street's recent history. The Dow Jones industrial average finished up 1.1 percent, while the S&P 500 rose 0.5 percent and the Nasdaq 0.6 percent.

AP - The wildest week in Wall Street's history is ending on an up note.

A rebound in retail sales in July helped the stock market push higher Friday. The week has been marked by seesaw trading. The Dow Jones industrial average rose or fell by more than 400 points each of the first four days of the week as investors reacted to concerns about the global economy and Europe's debt problems.

The Dow is finishing with a gain of 125 points, or 1.1 percent, to 11,269. The S&P 500 is up 6, or 0.5 percent, to 1,279. The Nasdaq is up 15, or 0.6 percent, to 2,508.

Two shares rose for every one that fell on the New York Stock Exchange.

Volume was an above average 4.9 billion shares.
 

Date created : 2011-08-12

  • MARKETS

    Germany calls for European ban on short-selling

    Read more

  • MARKETS

    Concern over French banks sends global markets lower

    Read more

COMMENT(S)