Friday, May 29, 2009

Market Gained over 1 Pct in the last 22 mins

On 29 may 2009 market moved up towards the end of the market after a choppy day.


U.S. stocks post firm gains for the month of May

NEW YORK (MarketWatch) -- U.S. stocks finished the week and the month of May on a high note, as rallying commodities led the market to higher ground on Friday and helped give the broad market a 5.3% gain for the month. After a late rally on Friday, the Dow Jones Industrial Average (INDU 8,500, +96.69, +1.15%) gained 96 points, or 1.1%, to end at 8,500. Shares of General Motors Corp. (GM 0.78, +0.03, +4.00%) still slumped 33% as markets braced for the auto giant's bankruptcy. The S&P 500 index (SPX 919.14, +12.31, +1.36%) rose 12 points, or 1.4%, to 919, while the Nasdaq Composite (COMP 1,774, +22.54, +1.29%) rose 22 points, or 1.3%, to 1,774. For the week, the Dow gained 2.7%, the S&P rose 3.6%, and the Nasdaq gained 4.9%. For the month, the Dow rose 4%, the S&P gained 5.3%, and the Nasdaq rose 3.3%.

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