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Article: Australian Market Report of October 15: Dow Index Broke 10000 Points
- Article from:
- abnnewswire.net
- Article date:
- October 15, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Overnight Dow Jones Industrial Average closed above 10,000 points for the first time in a year, as the investors were encouraged by the better-than-expected earnings from Intel and JPMorgan Chase. The gains in stocks market were also helped by the positive September US retail sales data, which could be a further confirmation of a recovery.
The Australian shares continued to rally yesterday, boosted by upbeat consumer confidence. The benchmark S&P/ASX200 index was up 45.4 points, or 0.95 per cent, and hit a 12-month high to 4831.1 points. The broader All Ordinaries added 44.2 points, or 0.92 per cent, to 4834.
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