Wall St ends mixed; Dow lifts | Microsoft still strong

A ROUGH RIDE: But investors are not complaining as there was some revival of hopes

    

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Related Stories

• Mkts plunge on weak global cues; Pvt banks crash

• World markets end in green on Tuesday

• Mkts plunge in early trade on weak global cues

Top Headlines

Top Videos

Most Popular

• Satyam Saga: Ramalinga Raju surrenders, arrested 

• Govt takes charge, disbands Satyam board 

• Satyam blockbuster: Law of land vs Raju's love of land 

• No case against Satyam till probe gets over: SEBI 

• Bets are out: can Satyam survive crisis 

• 'Munnabhai minister' divides Cong, SP 

• Four blasts rock Lahore, six injured 

• Oil's well but Deora says no one's won fuel war 

• Two killed, four injured in Guwahati blast 

• Biden to visit Pak | Don't flay Pak without proof: Mulford 

• Satyam Saga: Ramalinga Raju surrenders, arrested 

• High Court judge found guilty in bribery scam 

• Watch: IOC chairman speaks to CNN-IBN 

• 'Govt, regulator ignored warning about Satyam'  

• YSR Reddy, Chandrababu keep away from Raju 

• Noida rape: Boy confesses, Panchayat says not guilty 

• Recession-hit US porn industry demands bailout 

• Pak role in 26/11 attacks possible: Imran Khan 

• Bringing Satyam auditor PwC to book may not be easy 

• Sanjay in political fray, SP says Dutt's the man 

• Satyam Saga: Ramalinga Raju surrenders, arrested 

• Bets are out: can Satyam survive crisis 

• Govt takes charge, disbands Satyam board 

• Pakistan responds to India's evidence dossier 

• Pink slip fear grips Satyam, but where are the jobs? 

• OIL STRIKE OFF; DEORA SAYS FUEL CRUNCH ENDING 

• Satyam blockbuster: Law of land vs Raju's love of land 

• Four blasts rock Lahore, six injured 

• No case against Satyam till probe gets over: SEBI 

• 'Munnabhai minister' divides Cong, SP 

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

New Delhi:In the US markets, it was another roller coaster ride for the indices. Stocks rose on Thursday October 23, led by a bounce in energy and health-care stocks. Stocks swung in a seven per cent range and the day's final direction only became clear in the last minutes of trading.

After three attempts at a rally the Dow finally managed to eked out 2 per cent gains in late trade. The Dow Jones industrial average rose 172.04 points to close at 8,691.25. The Standard & Poor's 500 Index gained by 1.26 per cent closing at 908.11.

The Nasdaq though shed 11 points as some of the biggest names on the index were pummeled by a weak outlook for the consumer. The Nasdaq Composite Index closed at a fresh five-year low at 1,603.91 points a further fall of 0.73 per cent.

The Standard & Poor's 500 (S&P 500 ) Index gained by 1.26 per cent closing at 908.11.

Crude prices recover and added 1 per cent. Gold prices continue to slide while bonds mostly gain.

Dollar was mixed against other major currencies. Last week's jobless claims were higher than expected.

Alan Greenspan calls for tighter regulation of financial sector to prevent a repeat of credit crisis.

The Dow advanced 172.04 points, or 2.02 pert cent, to 8,691.25.

The S&P 500 index gained 11.33 points, or 1.26 per cent, to 908.11, and the Nasdaq slipped 11.84 points, or 0.73 per cent, to 1,603.91.

Japan's Nikkei average fell as much as 7 per cent earlier in the session and hit its lowest of 8460.98 points in more than five years.

In Hong Kong, the Hang Seng index touched a low of 13,760.49 points, it is the lowest since April 2005.

Taiwan stocks also went down. The TAIEX share index closed 132.08 points lower at 4,730.51 after touching its lowest point since June 2003.