NEW YORK: US stocks rallied for the fourth day in a row Thursday, as strong earnings reports helped the market look past a looming bankruptcy at major lender CIT Group.
The Dow Jones Industrial Average rose 95.61 points (1.11 per cent) to finish at 8,711.82, extending Thursday’s powerful triple-digit rally.
The technology-heavy Nasdaq added 22.13 points (1.19 per cent) to 1,885.03 while the broad Standard & Poor’s 500 index advanced 8.06 points (0.86 per cent) to 940.74.
Stocks gained momentum late in a session that had been dominated by cautious trading and profit taking as investors digested company reports and the likely bankruptcy of CIT Group after the government refused the bank further aid. - AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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