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US Stock Closings 8/05/08


4:00PM EST: Wall Street ended its three-day losing streak on Tuesday by adding more than 300 points on the Dow in a broad rally that only picked up steam after the Federal Reserve decided not to raise interest rates. 

The Dow Jones Industrial Average jumped 331.62 points, or 2.94% to 11615.77, the Standard & Poor’s 500 index gained 35.86 points, or 2.87%, to 1284.87 and the Nasdaq Composite Index picked up 64.27 points, or 2.81%, to 2349.83. The consumer-friendly FOX 50 added 25.76 points, or 2.91%, to 912.19.

(Bloomberg.com)



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