Wednesday, September 8, 2010

US stocks up as debt worries ease

US stocks closed higher today after a successful auction of Portuguese government debt eased worries about Europe's financial system.

Major indexes pulled back from their highs Wednesday after the US Federal Reserve said more regions of the country saw slower growth late in the summer.

According to preliminary calculations, the Dow Jones industrial average gained 46 points, or 0.5 per cent, to close at 19,387 points.

The S&P 500 index rose seven points, or 0.6 per cent, to 1098 points, while the Nasdaq rose 20 points, or 0.9 per cent, to 2228.

About two stocks rose for every one that fell on the New York Stock Exchange, where volume was low at 880 million shares.

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Tennessee Commerce gets hit with regulatory actionUS stocks fall on debt worries