US stocks move higher for second straight week - Eastern Financiers

US stocks moved higher for the second straight week as a solid US jobs report spurred confidence in the economic recovery. The Dow Jones Industrial Average put on a robust 226.24 (1.52%) for the week, taking the index to 15,135.84. The broad-based S&P 500 jumped 25.61 (1.59%) to 1,631.89, while the tech-rich Nasdaq Composite Index surged 76.13 (2.24%) to 3,479.38.

European stock markets, with the exception of Germany, saw a strong weekly rise driven by signs that major European central banks will maintain accommodative monetary policies. The FTSE-100 climbed 160.05 points or 2.58 percent to end at 6375.52 and the CAC Index soared 14.96 points or 0.40 percent to close at 3753.87. Germany's DAX was the lone loser on the back of poor economic data. The Index lost 153.22 points or 1.93 percent to conclude trade at 7806.00.

Most of the Asian markets ended in the green on firm global cues. The biggest gainer was the Japan's Nikkei Index, which gained 632.65 points or 4.63 percent to close trading at 14309.97.The biggest loser was the KOSPI Index, which shrugged off 30.01 points or 1.61 percent to end at 1833.31.

Source : Equity Bulls

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