The New York Times
Tue, October 05, 2010 -- 4:06 PM ET
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Wall Street Extends Its Rally; S.&P. Rises Almost 2.1%
The rally continued Tuesday down on Wall Street. Markets
extended a surge that began in September. Shares jumped after
a better-than-expected report on the services sector in the
United States and the Bank of Japan offered a range of other
measures aimed at supporting that country's economy. The
latest snapshot on America's service sector exceeded
analysts' expectations. The Institute for Supply Management
said its service sector index rose to 53.2 last month from
51.5 in August, topping expectations of 52. At the close, the
Dow Jones industrial average was up 1.8 percent. The Standard
& Poor's 500-stock index gained 2.1 percent, while the Nasdaq
rose 2.36 percent.
Read More:
http://www.nytimes.com/2010/10/06/business/06markets.html?emc=na
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