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Apr 14, 2010
Dow ends above 11,000
NEW YORK - US STOCK markets closed above the symbolic 11,000-point mark for a second consecutive day on Tuesday. The Dow Jones Industrial Average rose 13.45 points (0.12 per cent) to 11,019.42 by the end of trade, with other US indices also finishing the day in positive territory. The tech-rich Nasdaq composite rose 8.12 points (0.33 per cent) at 2,465.99 and the broad-market Standard & Poor's 500 index points was up 0.82 points (0.07 per cent) to 1,197.30. There was a rocky start to the first-quarter earnings season, with analysts describing early results as lackluster.
Alcoa on Monday reported lower-than-expected earnings, forcing its stock price down 1.58 per cent by the end of trade on Tuesday. But stocks were helped higher by US chip maker Intel, whose shares were up 1.02 per cent before it announced earnings after the stock market's close. Intel, the world's biggest computer chip maker, said its first quarter net profit rose nearly four-fold to US$2.4 billion (S$3.4 billion). The Santa Clara, California-based technology bellwether said revenue rose by 44 per cent to US$10.3 billion in the quarter compared to the same period a year ago. -- AFP
Apr 14, 2010
Dow ends above 11,000
NEW YORK - US STOCK markets closed above the symbolic 11,000-point mark for a second consecutive day on Tuesday. The Dow Jones Industrial Average rose 13.45 points (0.12 per cent) to 11,019.42 by the end of trade, with other US indices also finishing the day in positive territory. The tech-rich Nasdaq composite rose 8.12 points (0.33 per cent) at 2,465.99 and the broad-market Standard & Poor's 500 index points was up 0.82 points (0.07 per cent) to 1,197.30. There was a rocky start to the first-quarter earnings season, with analysts describing early results as lackluster.
Alcoa on Monday reported lower-than-expected earnings, forcing its stock price down 1.58 per cent by the end of trade on Tuesday. But stocks were helped higher by US chip maker Intel, whose shares were up 1.02 per cent before it announced earnings after the stock market's close. Intel, the world's biggest computer chip maker, said its first quarter net profit rose nearly four-fold to US$2.4 billion (S$3.4 billion). The Santa Clara, California-based technology bellwether said revenue rose by 44 per cent to US$10.3 billion in the quarter compared to the same period a year ago. -- AFP
