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Market Update : 
Nasdaq Up 2.8%, Gold Surges
Author: 123jump.com Staff
123jump.com
Last Update: 4:49 PM EDT April 16 2008


U.S. stock surged after earnings from JP Morgan and Wells Fargo met expectations. Earlier Intel reported positive industry outlook and CSX and Coca Cola advacned on better than expected earnings. Separately March home completion, sales, and starts plunged. Inflation and industrial production in the month rose 0.3%. Crude oil reached another record high and the dollar traded at record low against euro. Of the S&P 500 index 458 stocks gained and 42 declined.

 

 

 

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