US stocks gained on Friday as strong data on home sales and durable goods orders relieved anxiety about the economy and soothed confidence after weeks of market turbulence.
While the Dow zoomed 143 points to 13,379, the Nasdaq Composite moved up 35 points to 2,577.
All the major indices finished with weekly gains of over 2% after banks stepped up efforts to stave-off further woes due to the subprime crisis.
Indian ADRs, too, logged gains yesterday. Tata Motors gained nearly 6% at $16.45. HDFC Bank and ICICI Bank moved up over 4% each to $84.30 and $42.47, respectively. Infosys, Satyam, Wipro, Genpact and WNS advanced 1-3% each yesterday
While the Dow zoomed 143 points to 13,379, the Nasdaq Composite moved up 35 points to 2,577.
All the major indices finished with weekly gains of over 2% after banks stepped up efforts to stave-off further woes due to the subprime crisis.
Indian ADRs, too, logged gains yesterday. Tata Motors gained nearly 6% at $16.45. HDFC Bank and ICICI Bank moved up over 4% each to $84.30 and $42.47, respectively. Infosys, Satyam, Wipro, Genpact and WNS advanced 1-3% each yesterday
0 comments:
Post a Comment