Private sector hires 294,000 Saudis during last 9 months    Saleh Al Shehri strike seals Al Ittihad's Sea Derby win over Al Ahli    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Economy minister emphasizes global partnerships to address pressing challenges Private investments in non-oil sector soar 70%    Saudi Arabia's GDP grows 2.8% in Q3, driven by non-oil sectors    PIF, HKMA sign MoU to establish $1 billion investment fund    Israeli soldiers forced Palestinian men to take off clothes as they evacuated war-torn Jabalya    North Korea fires suspected intercontinental missile    India celebrates Diwali, the festival of lights    Saudi Arabia and India agree to study feasibility of establishing power grid    Saudi Awwal Bank records SR5.9 billion net profit after Zakat and Income Tax for YTD Q3    'It was like a tsunami': Spaniards recount horror of deadly floods    Bahrain Crown Prince receives Saudi Interior Minister    Derby Week makes its debut in the Roshn Saudi League    HR Ministry takes penal action against 568 violators of Domestic Workers' Regulation    Al Nassr eliminated from King's Cup after a defeat to Al Taawoun    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    Othman Al Omeir receives Legacy of Change Medal at the UK Parliament for advocacy in media    Neymar joins Saudi fashion trend, donning traditional attire at Al Hilal match    Indonesia Days event celebrates cultural diversity at Al Suwaidi Park    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    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    







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Wall Street Closing
Published in Saudi Press Agency on 16 - 06 - 2010

Stocks jumped Tuesday, with the three major indexes rising to their highest levels in nearly a month, as worries about Europe's debt problems hurting U.S. growth eased and the euro currency rallied.
After falling for most of the last six weeks, stocks started to stabilize in the middle of last week. The major indexes lost more than 12 percent each between the rally highs of late April and last week's lows.
In U.S. economic news, import process fell a smaller-than-expected 0.6 percent in April, but it was still the biggest monthly drop in almost a year. Export prices rose 0.6 percent.
The U.S. dollar fell 0.9 percent versus the euro and 0.4 percent versus the yen. The weaker dollar boosted commodities, with light sweet crude for July delivery rising $1.36 to $76.48 and gold rising $8.40 to $1,231.90 an ounce.
The Dow Jones industrial average rose 213.88, or 2.1 percent, to 10,404.77. All 30 Dow components rose, led by Boeing, Caterpillar, McDonald's, 3M, Microsoft, and United Technologies. Boeing shares rose 4 percent after the aerospace giant said it was increasing production of its popular narrow-body 737 jetliner for the second time in two months, citing improved demand in a recovering global economy.
The broader Standard & Poor's 500 index rose 25.60, or 2.35 percent, to 1,115.23.
The technology-heavy Nasdaq composite index rose 61.92, or 2.8 percent, to 2,305.88. Chip stocks gained on reports that Taiwan Semiconductor Manufacturing and United Microelectronics Corporation, two of the world's biggest chipmakers, said global chip demand will grow in the second half of the year. News Corp shares jumped 8 percent in active trading as investors bet it will eventually win its battle to take full control of BSkyB, the British satellite broadcaster.


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