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Monday 01st of December 2008
September 21, 2007

Wall Street higher at noon on Friday


by Elaine Frei
Wall Street higher at noon on Friday

New York markets were higher just after noon in light trade, with the Dow Jones Industrial Average 0.79 percent higher to 13,874.90, while the Nasdaq Composite had added 0.92 percent to 2,678.64 and the S&P 500 had gained 0.8 percent to 1,530.89.

Asia-Pacific equities markets were mixed but mostly lower Friday after worrying comments from US Federal Reserve chairman Ben Bernanke and former Fed chairman Alan Greenspan. The gainers included South Korea’s Kospi index, which added 0.54 percent to 1,919.26 and the Hang Seng index, which was 0.56 percent higher in Hong Kong. In India, the Sensex gained 1.32 percent to 16,564.23. Taiwan’s Taiex jumped 1.36 percent to 9,105.28. On the other hand, the Shanghai Composite dropped 0.28 percent to 5,454.67 and the Straits Times index was down 0.29 percent to 3,542.22. In Australia the Sydney Ordinaries fell 0.46 percent to 6,371.2, while the S&P/ASX200 was 0.56 percent lower to 6,357.9.

Tokyo’s markets were lower in limited trade ahead of another three-day weekend. The Nikkei 225 was down 0.62 percent to 16,312.61, while the Topix index fell 0.94 percent to 1,552.07 and the Mothers market was 0.37 percent lower to 625.93.

In Europe, equities markets managed gains, but not always enough to gain back Thursday’s losses. The FTSE Eurofirst 300 added 0.47 percent to 1,546.53. In Paris the CAC-40 gained 0.21 percent to 5,700.65, while Madrid’s IBEX was 0.22 percent higher to 14,459 and the Dax was 0.77 percent higher to 7,794.43 in Frankfurt. London’s markets also saw gains, with the FTSE 100 up 0.43 percent to 6,456.7 and the FTSE 250 gaining 0.73 percent to 11,094.7.

Crude oil prices were mixed with the new November contract for WTI lower but Brent crude a bit higher. Metals prices were higher during the week, while corn and wheat prices also saw weekly gains.

The US dollar was at a new record low versus the euro on Friday, but the greenback ended the week slightly higher in relation to the yen.

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