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Article: China : S & P 500 climbs to 13-month high as commodities rally on China.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
U.S. stocks extended a global advance, sending the Standard & Poor's 500 Index to a 13-month high, and commodities rallied as China's industrial production and Japan's machinery orders increased. Gold jumped to a record.
Caterpillar Inc. and Home Depot Inc. led the Dow Jones Industrial Average above its highest close since October 2008. Barrick Gold Corp., the largest producer of bullion, and Alcoa Inc. climbed with metals prices. The MSCI Emerging Markets Index added 1.3%, boosting its six-day rally to 8%.
The S&P 500 rose 0.7% to 1,100.13 at 9:40 a.m. in New York, above its highest close since Oct. 2, 2008. The Dow climbed ...