Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets: NEW YORK

Saturday 21 November 1998 00:02 GMT
Comments

US STOCKS rose, with the Dow Jones completing its best six weeks since 1982, on expectations that lower interest rates around the world will fuel corporate profits. Merrill Lynch and other brokerages were the biggest gainers. "Six weeks ago, no one would have dreamed we would have come back so fast," said one trader.

The Dow rose 103.50, or 1.1 per cent, to 9159.55, the highest since July 22. The average has gained 18 per cent since 8 October and is less than 200 points away from its record 17 July close.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in