US mkts end strong led by financials; Dow up 246 points
April 13th, 2009
The US markets closed the week on a cheerful note capping their fifth straight up week led by a record gain in banking shares.
All three major indices logged their best single session percentage gain in two weeks and closed at session highs. The Dow Jones Industrial Average shut shop at 8,083.38, up 246.27 points or 3.14%. The Nasdaq Composite went up 61.88 points or 3.89%, to settle at 1,652.54. The S&P 500 closed 31.40 points or 3.81% higher at 856.56.
Sarah Ketterer, Causeway Capital Management said, “There is plenty of upside remaining and we are seeing record upside potential for the vast majority of stocks in both the US and global investible universe.”