US Stocks Power To New 15 Month Highs
January 20th, 2010 by Bryden Elssmann
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 10,725.43 | 115.78 | 1.1% |
| NASDAQ | 2,320.40 | 32.41 | 1.4% |
| S P 500 | 1,150.23 | 14.2 | 1.3% |
| FTSE 100 | 5,513.14 | 18.75 | 0.3% |
| Nikkei 225 | 10,764.90 | -90.18 | -0.8% |
| ASX 200 | 4,861.00 | -49.9 | -1.0% |
| COMEX Gold - Dec 09 | 1,140.50 | 10 | 0.9% |
| COMEX Silver - Sep 09 | 18.8 | 0.373 | 2.0% |
| COMEX Copper - Sep 09 | 344.7 | 8.1 | 2.4% |
| WTI Spot | 77.37 | -0.63 | -0.8% |
| AUD-USD | 0.9232 | -0.0033 | -0.4% |
| Aluminium | 2,292.50 | 10.5 | 0.5% |
| Copper | 7,507.00 | 101.5 | 1.4% |
| Lead | 2,451.50 | 11.5 | 0.5% |
| Nickel | 18,635.00 | 310 | 1.7% |
| Tin | 17,930.00 | -170 | -0.9% |
| Zinc | 2,467.00 | 26.5 | 1.1% |
The prospect of a Republican win for the key Senate race in Massachusetts powered U.S. stocks to new 15-month highs Tuesday, with Merck, Pfizer and Aetna jumping on hopes for more concessions to be made to health-care legislation. Broad gains across other sectors came as investors bet that compromises could be likely for other hotly contested issues such as corporate taxes and financial-services regulation.
The Dow Jones Industrial Average rose 115.78 points, or 1.09%, to 10725.43, its highest
close since Oct. 1, 2008.
Australian stocks are expected to open stronger this morning, possibly testing the 4900 level, with firmer base metal and oil prices seen boosting big miners such as BHP Billiton Ltd and Rio Tinto Ltd. BHP will also be in focus after it released its second-quarter production report.
BHP
The world's biggest miner, BHP Billiton Ltd, has reported a surge in fourth-quarter production volumes, with another record for iron ore. BHP said half-year production records were set for petroleum and iron ore. Nickel and zinc also had record half-year production runs. Iron ore production jumped 11 per cent to 32.449 million tonnes for the three months to December from a year earlier.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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