Dhaka, Bangladesh (BBN)- At the start of the week, the Dow Jones Industrial Average (DJIA) dropped 100.90 points, or 0.94 percent, to 10,609.65 after JPMorgan reported deep losses in the fourth quarter, damping hopes that consumer credit is on the mend.
However the Dow Jones industrial average jumped 115.78 points, or 1.09 percent, to end at 10,725.43 on Wednesday, its highest close in 15 months. The NASDAQ Composite Index also climbed 32.41 points, or 1.42 percent, to 2,320.40, marking its highest close in 16 months.
Early on Thursday, the Dow Jones industrial average tumbled 122.28 points, or 1.14 percent, to end at 10,603.15, suffering its worst drop in 2010, while the NADSAQ Composite Index shed off 29.15 points, or 1.26 percent, to close at 2,291.25.
On Friday, the Nikkei 225 index rose 0.7 percent or 74.42 points to 10,982.10, a 15-month closing high. It was boosted by tech shares such as Advantest Corp that climbed after Intel Corp reported a quarterly profit that beat expectations.
Locally, the Dhaka Stock Exchange (DSE) extended its rally throughout the week, passing the 5,000-mark on Wednesday. The Dhaka Stock Exchange General Index (DGEN) ended the week with a gain of 257.16 points to 5,095.21.
BBN/SS/SI/AD-23January10-2:05 pm (BST)
