Excerpt from: Stock & Indices
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| April 09, 2009 | | Spread betting and contracts for differences on U.S. stocks | U.S. stocks turned in a great performance today, benefiting from some surprisingly good news. Spread bets and CFDs on the U.S. stock market should consider that an impressive rally ended in significantly higher indices:
- Dow ended up more than 240 points to close at 8,083.
- Nasdaq moved 61.88 points higher to close at 1,653.
- S&P 500 closed up more than 20 points to end at 857.
The main reason behind this dramatic rally was earnings reports from financial stocks. Wells Fargo led the way for banks with a record Quarter 1. Other financial institutions reported profits as well, and this is leading to hope that the general slump is over.
If financial stocks really are on the path to recovery, there is a good chance that the rest of the economy will follow.
| Topic Tags: CFDs, contracts for differences, Dow, financial stocks, spread bets, spread bets stock market, spread betting, spread betting U.S. stocks, Wells Fargo | |
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