Stock Market Books

Tuesday, December 2, 2008

US market closed up 270 points

The market remains uncertain about what might lie ahead, from how long the recession might last to more troubles in the struggling financial sector. Wall Street this week is wary about a number of reports due to be released, primarily Friday’s jobs report that is widely considered the most important economic reading of the month.

According to preliminary calculations, the Dow Jones industrial average closed up 270 points, or 3.31 percent, to 8,419.09 after falling nearly 680 points on Monday.

The Standard & Poor’s 500 index rose 32.61, or 4 percent, to 848.82, while the Nasdaq composite index gained 51.73, or 3.70 percent, to 1,449.80.

The Russell 2000 index of smaller companies rose 15.62, or 3.75 percent, to 432.69.

On Dec 2,KLCI closed at 845.75

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