INQUIRER.net: US stocks surge, dismissing Japan’s plunge

INQUIRER.net Philippine News for Filipinos

US stocks surge, dismissing Japan's plunge Jun 13th 2013, 22:51 NEW YORK—US stocks gained their footing after a rocky start Thursday to put on strong gains in their first positive day this week, shrugging off the 6.4 percent plunge in Japanese markets.   The Dow Jones Industrial Average was up 180.85 points (1.21 percent) at 15,176.08.   The broad-based S&P 500 gained 23.84 (1.48 percent) at 1,636.36, while the tech-rich Nasdaq Composite added 44.94 (1.32 percent) at 3,445.37.   US retail sales were up 0.6 percent in May over April, beating expectations, and were a positive for the economy, driven by a surge in auto sales.   "Car sales and retail sales in general are decent, suggesting consumers a... Keep on reading: US stocks surge, dismissing Japan’s plunge Media files: Wall-Street5-1024x742.jpg (image/jpeg)

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