12 Aug '11, 9pm

US stocks end up 1.1%

US stocks end up 1.1%

NEW YORK: US markets ended higher Friday as trade calmed at the end of one of the most turbulent weeks on record. Adding to Thursday's 423-point rebound, the Dow Jones Industrial Average closed up 125.71 points (1.13 percent) to 11,269.02. The broader S&P 500 was up 6.17 points (0.53 percent) at 1,178.81, and the Nasdaq Composite gained 15.30 points (0.61 percent) to 2,507.98. The markets stayed in positive territory all day after a week characterised by sudden 400-point swings and daily losses and gains of some five percent. "Some of the fears that we had in the early part of the week have subsided to some extent, but we are certainly not out of the woods," said Michael James of Wedbush Securities. "The only thing that you can be certain of is that significant volatility is going to continue in the near term." The Dow's blue chips were led by a 4.9 percent gain by Boeing ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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