US stocks swing higher after BOA rescue
17-01-2009
US stocks swung higher in a volatile session overnight after a US government rescue injecting 20 billion US dollars into Bank of America provided a measure of confidence for markets. The Dow Jones Industrial Average rose 68 points, or 0.84 percent, to close at 8,281 in a wobbly session that saw the market alternate between gains and losses. The Nasdaq composite advanced 17 points, or 1.16 percent, to 1,529 and the Standard & Poor's 500 broad-market index added 6 points, or 0.76 percent, to close at 850.
