Stocks jump on strong data $DIS:xnys
- Updated: 02 April 2012
- Published: 22 August 2011
- Stocks rallied with the S&P 500 rebounding from its lowest level in a month
- Markets were buoyed pushing equities higher and treasuries lower as U.S housing starts topped economists’ forecasts and German business confidence unexpectedly grew
- The S&P500 Index surged 3% to 1241.21 whilst the Dow pushed higher by 2.9% to 12,101.9 posting its largest gains since Nov 30
- The VIX Index closed at 22.98 being its lowest level since July this year
- DOW 2.87%, S&P500 2.98% and NASDAQ 3.19%
- Oil for January delivery climbed 3.6 percent to USD $97.22 per barrel as the stronger housing data bolstered optimism that the economy is growing and further sanctions against Iran will curb supply
- The local currency rallied 1.8 % this morning with the AUDUSD trading at 1.0074 after making a high of 1.0094 earlier in the session
- Gold is stronger in line with an increased appetite for risk trading at USD1615.00 per ounce after earlier highs of USD1618.34 per ounce
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