4:30PM New York, 10:30PM Frankfurt, 8:30AM Sydney

Global Markets Indexes

Dow Jones Industrial Average closed up 205.42 or 1.55% to a close of 13,451.06, S&P 500 edged higher 24.35 or 1.67% to 1,484.47, and Nasdaq Composite Index traded up 51.13 or 1.94% to a close of 2,691.99. In Toronto TSX Composite gained 178.98 or 1.33% to close at 13,585.99.

Of the 30 stocks in Dow Jones Industrial Average, 28 closed higher, 2 closed lower, and none was unchanged.

AIG led the gainers in the index with a rise of 2.57% followed by increases in AT&T of 2.4%, in DuPont of 2.3%, in Alcoa of 2.3%, and in McDonalds of 2.1%. Only two stocks in the index declined. Altria fell 0.09% and Honeywell dropped 0.03%.

Of the stocks in S&P 500, 427 closed higher, 69 fell, and 4 were unchanged.

Sixteen stocks fell more than 3% and twenty three stocks rose more than 3%.

Circuit City led the decliners with a loss of 28% followed by losses in Jabil Circuit of 22%, in Micron Technology of 5.4%, in Washington Mutual of 4.2%, and in Ambac Financial of 3.9%. Hess Corporation led the gainers with a rise of 9% followed by increases in Unisys of 8.8%, in First Horizon of 7.4%, and in Huntington Banc of 7.3%.

E*Trade, Morgan Stanley, Terex, and US Steel gained more than 5%.

In London FTSE 100 Index closed up by 88.50 or 1.39% to 6,434.10, in Paris CAC 40 Index increased 91.32 or 1.66% to close at 5,602.77, and in Frankfurt DAX index closed higher 133.48 or 1.70% to close at 8,002.67. In Zurich SMI closed up by 65.53 or 0.78% to close at 8,468.37.

In Tokyo Nikkei 225 Index higher 225.40 or 1.50% to close up at 15,257.00, in Hong Kong Hang Seng index closed up by 609.83 or 2.26% to 27,626.92, in Australia ASX 200 closed increased by 70.10 or 1.13% to close 6,247.00.

In South Korea Kospi Index increased 33.95 or 1.84% to close at 1,878.32, Thailand closed up 21.89 or 2.76% to 813.60, and Indonesia and India were closed for local holidays.

In Latin Markets Peru led the gainers with a rise of 2.3% followed by increases in Brazil of 2.22%, in Colombia of 1.1%, in Chile of 1.78%, in Venezuela of 1.43%, in Mexico of 1.7%, and in Argentina of 0.23%.

Bond Yields increased on 10-year U.S. bonds to 4.16% and 30-year bonds to 4.57%.

Commodities, Metals, and Currencies

Crude oil rose $2.26 to close at $93.38 per barrel for a front month contract, natural gas increased 4 cents to $7.214 per mBtu, and gasoline futures increased 5.48 cents to close at 238.24 cents per gallon.

Gold edged higher $12.20 in New York trading to close at $815.40 per ounce, silver closed up 15 cents to $14.49 per ounce, and copper for front month delivery gained 13.20 cents to 309.75 per pound and in London copper futures market was closed.

Dollar edged lower against euro to $1.4358 and higher to 114.190 yen.


11:30AM New York – Vimple Communication agrees to pay $4.3 billion for Golden Telecom.

A total of more than $10 billion deals were announced today and a potential investment of $5 billion in Merrill Lynch from Temasek kept market averages rising.