US STOCKS-Market gains on tech, dollar; Nasdaq up 2 pct
(Updates with Nasdaq rising 2 percent)
NEW YORK, May 1 (Reuters) - U.S. stocks rose on Thursday as investors snapped up technology bellwethers, including Apple Inc (AAPL.O: Quote, Profile, Research), sending the Nasdaq up more than 2 percent, as the dollar's rebound drove oil prices lower, easing worries about high energy costs and inflation.
Financial shares also underpinned the market.
The Dow Jones industrial average .DJI gained 87.36 points, or 0.68 percent, to 12,907.49. The Standard & Poor's 500 Index .SPX rose 11.54 points, or 0.83 percent, to 1,397.13. The Nasdaq Composite Index .IXIC shot up 49.33 points, or 2.04 percent, to 2,462.13. (Reporting by Ellis Mnyandu; Editing by Jan Paschal)
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
India
US
UK
