Al-Sheikh inaugurates Custodian of the Two Holy Mosques' Ramadan Programs in Riyadh    Saudi Arabia and Greece agree to boost trade and investment    Marcelo Carne's outburst: A moment of madness that could cost him his season    Al-Khaleej stuns Al-Ittihad with stoppage-time equalizer in Saudi Pro League    Saudi Supreme Court urges Muslims to look out for Ramadan crescent Friday evening    Saudi-Jordanian panel addresses issues around cross-border movement of goods and passengers    New direct flights launched between London Gatwick and Madinah    Israel and Hamas strike hostage exchange deal, keeping ceasefire intact    First phase of Sports Boulevard Project, with 5 five key destinations, inaugurated in Riyadh The project set to position the capital city among world's most livable destinations    Public Security chief inspects readiness of security and traffic forces for Umrah season in Ramadan    State of emergency declared after blackout plunges most of Chile into darkness    Six babies die of hypothermia in Gaza, health officials say    A billion Indians have no spending money, says report    Ukraine official says minerals deal agreed with US    Myanmar villagers reveal 'desperate' illegal kidney sales    'Art of the Kingdom' exhibition opens at Saudi Arabia Museum of Contemporary Art in JAX    Toney strikes twice as Al-Ahli thrashes Al-Qadsiah to close in on top four    Al-Hilal back to winning ways with dominant 5-1 victory over Al-Kholood    Starbucks axes 1,100 jobs in bid for US turnaround    Fear of being forgotten    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    









Wall Street Closing
Published in Saudi Press Agency on 13 - 07 - 2009

Stocks rose sharply Monday, with financial and consumer shares leading the rally, as investors welcomed an analyst's improved outlook on Goldman Sachs one day ahead of its quarterly report.
Stocks gained through the morning after a shaky start. But the advance was helped after influential banking analyst Meredith Whitney said she was lifting her view on Goldman Sachs and that Bank of America stocks was a good value for investors.
However, Whitney said Goldman Sachs, considered to be the strongest bank amid the near-collapse of the financial sector, is unusual and should not be seen as reflecting other financials or other quarterly results.
The U.S. federal budget deficit increased in June, pushing the total budget deficit to $1.1 trillion in the first nine months of the fiscal year.
Light sweet crude oil for August delivery fell 20 cents to $59.69 a barrel on the New York Mercantile Exchange. The U.S. dollar fell versus the euro and gained versus the yen.
The Dow Jones industrial average rose 185.16, or 2.3 percent, to 8,331.68. All 30 of the index's components gained, led by oil companies Exxon Mobil and Chevron, technology giant IBM, and financial shares J.P. Morgan Chase and Travelers. Other big advancers included Caterpillar, Coca-Cola, 3M, United Technologies, and Boeing.
The broader Standard & Poor's 500 index rose 21.92, or 2.5 percent, to 901.05. The technology-heavy Nasdaq composite index rose 37.18, or 2.1 percent, to 1,793.21.
The New York Stock Exchange composite index rose 133.85 to 5,761.37. The American Stock Exchange composite index rose 23.10 to 1,541.45. And the Russell 2000 index rose 12.33 to 493.31.


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