Stocks advance after upbeat data

By IBTimes Staff Reporter | January 29 2010 10:48 AM

U.S. stocks advanced on Friday, sending major indexes up more than 1 percent, as reassuring reports on the fourth-quarter 2009 gross domestic product and January consumer sentiment rekindled the appetite for riskier assets.

Sponsorship Link

* Standouts included technology, materials and energy sectors.

* The Dow Jones industrial average <.DJI> was up 112.53 points, or 1.11 percent, at 10,232.99. The Standard & Poor's 500 Index <.SPX> was up 11.22 points, or 1.03 percent, at 1,095.75. The Nasdaq Composite Index <.IXIC> was up 21.74 points, or 1.00 percent, at 2,200.74.

(Reporting by Ellis Mnyandu; Editing by Padraic Cassidy)

More in Equities

Wall Street rallies as Apple soars, Fed on hold

Wall Street holds gains after Fed statement

FTSE rises as investors eye FOMC, shrugs off GDP data

Apple blowout quarter stokes Wall Street

In Depth

Michael Hastings Conspiracy Theories: Car Accident And Dead Body Fuel Speculation On Reddit, Twitter

Michael Hastings Death: Conspiracy Theories Abound As Investigation Continues

Some Conservatives Welcome CBO's Immigration Reform Bill Score

Norquist To Congress: Reform Immigration For The Sake Of US Economy

2013 Paris Air Show: $100B In Orders By Day Three; Boeing Wins Ryanair Business For 737s; Airbus Cinches Deals With Air France-KLM And SriLankan Airlines

2013 Paris Air Show Day Three: Over $100B In Orders So Far

Where Is Jimmy Hoffa Buried? Not In Former Farm In Detroit Suburb After 3-Day FBI Search [VIDEO]

Jimmy Hoffa's Body Not Found - Again

web counter