Wed, April 14, 2010
Business > Markets

S&P hits 1,200 on upbeat earnings, data

2010-04-14 14:13:19 GMT2010-04-14 22:13:19 (Beijing Time)  SINA.com

NEW YORK – U.S. stocks rose at the open on Wednesday boosted by stronger-than-expected results from JPMorgan Chase and Intel, and after retail sales data provided fresh evidence of an economic recovery.

The benchmark S&P 500 stock index (.SPX) shot above the key 1,200 level for the first time since September 2008, lifting the index nearly 77 percent from a more than 12 year low in March 2009.

The Dow Jones industrial average (.DJI) gained 36.20 points, or 0.33 percent, to 11,055.62. The Standard & Poor's 500 Index rose 4.96 points, or 0.41 percent, to 1,202.26. The Nasdaq Composite Index (.IXIC) added 17.39 points, or 0.71 percent, to 2,483.38.

(Agencies)

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